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John Stossel
John Stossel
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Who Is Paul Ryan?


I wanted to like Paul Ryan.

Before he was nationally known, Rep. Ryan visited me at ABC, and we went to lunch. He was terrific. He was a rare politician, one who actually cared about America's coming debt crisis and the unfairness of entitlements. He even talked about F.A. Hayek's "The Road to Serfdom"! If only more politicians thought that way.

But then the housing bubble burst. Ryan voted for TARP. Then he voted for the auto bailout. Who is this guy? I thought he believed in markets!

At Fox, when I got my own TV show, I asked him about that.

"I voted for TARP because I believed we were going to fall into a deflationary spiral, the economy was going to collapse. ... The purpose of voting for that auto bill was to prevent the auto companies from getting TARP dollars. ... Now TARP has become this revolving government slush fund. Never was intended ... ."

But in your ideal world, should government have bailed out the auto company?



I wish he had voted against those bills, but the political class was in near panic, and Ryan is a politician.

It's a reason I don't like politicians.

But at least Ryan speaks against bailouts now.

"We're reaching a tipping point in this country where a majority of Americans are getting their benefits and livelihoods from the federal government ... .

Why does this put us on a road to "serfdom"?

"Because we're moving from a society where the goal of government is not to equalize opportunity but to equalize the results of our lives. ... The more we ask government to do for us, the more government can take from us. ... Government is doing so much in our lives that we have less freedom to govern ourselves."

I like hearing a politician say that.

I told Ryan that I fear that most Americans don't understand economics and actually prefer a government that "takes care" of us.

"No. I think people believe in the American idea, (that) our rights don't come from government.

... And so we do not want a government where they give us our rights and redistribute, regulate and ration our rights."

Hope he's right.

In 2008, Ryan proposed a "Roadmap for the Future," a budget plan that would slow the growth of government. It was timid. It wouldn't eliminate the Education Department or other useless government agencies and wouldn't balance the budget for decades.

Yet even Republicans said his plan was too radical. Newt Gingrich called it "right-wing social engineering."

Last year, I invited Ryan back on my show to talk about that. By then, "the needle had moved." Ryan's Roadmap helped change the discussion. Many Republicans woke up. Newt apologized for his comment. The Republican Study Committee proposed bigger cuts.

Now, said Ryan, "I would call (my plan) mild. I was trying to get consensus. We've moved the center of gravity. We've taken on what they call the third rail, these entitlement programs which are the big drivers of our debt. We showed the country that there is a different way to go and that we can get back toward limited government, economic freedom. And I feel pretty good where we are and how we brought this conversation forward."

He should feel good. For 50 years, the needle did not move at all. Americans accepted the welfare state. Now, more understand.

"We have one more opportunity in this country. ... It is not too late to revive and reapply the American idea. But there will come a point where that moment might pass us."

Countries can get off the road to serfdom. Canada did it and prospered because of it. It won't be easy for America, but if we do it, Paul Ryan deserves much of the credit.

"What I've learned in southern Wisconsin (is that) people are ready to be talked to like adults, not like children. And they know we're in a debt crisis."

Hope he's right.

John Stossel is host of "Stossel" on the Fox Business Network. He's the author of "No They Can't: Why Government Fails, but Individuals Succeed." To find out more about John Stossel, visit his site at <a href="" <>></a>. To read features by other Creators Syndicate writers and cartoonists, visit the Creators Syndicate Web page at




2 Comments | Post Comment
It amazes me how Canada has prospered in the last 11 years. I have family in the GTA and back in 2001, the Canadian Dollar was worth something like US$.62. I could go to a bank and exchange US$100 for CAN$160. I just got back from a trip there and I was able to exchange US$100 for CAN$95. Forgetting all the "feel good" news from the politicians and "we are number one" statements. The exchange rate drives home to me how bad the United States finances are and I see no hope in site. I have been squirreling away Canadian Dollars for years and I expect them to only get more valuable. We will keep printing United States Dollars until they are worth as much as a post World War I Reichmark.
Comment: #1
Posted by: Aardvark
Wed Aug 22, 2012 7:40 AM
Just noticed the comment I originally posted is gone. Censorship or just an innocent screw-up by Hmm. Given the subject matter, I have my suspicions.

I wish I could remember what I wrote, or saved a copy, so I could easily post it again. From what I recall it went something like this:

The selection of Ryan to the ticket isn't surprising if you know anything at all about him and who is pulling the strings in the Republican Party these days.

Ryan completes the Koch brothers wet-dream Plutocrat ticket. There have been rumors that David Koch himself made a monetary deal with Romney in order to get Ryan on the ticket. Ryan and Romney will do whatever the fascists in the top 0.5% want to help them get richer and screw over everyone else. Romney/Ryan will complete the hostile takeover of our country by the corporatists who don't like democracy (all the "rabble" being allowed to vote and such) and turn us back into a feudal system where we are all slaves to the corporate elite. To borrow a famous phrase by Upton Sinclair, When Fascism comes to America it will be carrying a Romney/Ryan 2012 sign.

To the subject of this article, Republicans have devolved into major-league hypocrites who are detached from fact and reality. They will say anything, even if it contradicts what they said just 5 minutes earlier, just to spin their latest talking points to their political advantage. They know that their Kool-Aid drinking followers are too stupid to question anything they spew forth and have absolutely no ability to experience the slightest cognitive dissonance with the two conflicting thoughts floating around the empty space in their heads. That's why they like Ryan, despite the fact that he is a fraud and corporate puppet who doesn't care at all about the deficit he helped create.
Comment: #2
Posted by: A Smith
Thu Aug 30, 2012 9:56 AM
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