Romney Names Paul Ryan as His Running Mate

Governor Romney, on Saturday, announced that he was selecting House Budget Committee Chairman Paul Ryan (R-WI) as his running mate.

Chairman Ryan has been a leader on the issue of debt reduction, tax reform, and entitlement reform for years; and we are hopefully that his addition to the ticket will help ensure that fixing the national debt will be a central issue in this campaign. This election needs to be about both sides presenting their best ideas to bring the debt under control, but also showing a willingness to compromise after the election on a bipartisan plan to replace the fiscal cliff with a credible, intelligent, gradual, and comprehensive plan to put the debt on a sustainable path.

As our readers continue to learn more about Congressman Ryan, we have compiled many of the past blogs, papers, and press releases which we've written about the Chairman and his plans. 

FY 2013 Budget Resolution - The Path to Prosperity
Click here for a full listing of CRFB's FY 2013 Budget Resolution Blog Series.


FY 2012 Budget Resolution - The Path to Prosperity
Click here for a full listing of CRFB's FY 2012 Budget Blog Series


Ryan Roadmap 2.0
Click here for a full listing of CRFB's FY 2011 Budget Blog Series


Ryan Roadmap


Other Analyses

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Recent Student Loan Actions Forgo $5 Billion in Repayments

The Department of Education announced last week a six-month extension of automatic forbearance to all borrowers enrolled in the SAVE income-driven repayment plan while it is being challenged in courts, adding that they will forgive any unpaid accrued interest during that time. We estimate that the Department of Education is forgoing roughly $500 million of repayments per month, meaning that this extension would result in $3 billion in forgone payments, bringing the total amount up to $5 billion. Importantly, much of those payments will instead be paid later, and so the net cost would be some fraction of that $5 billion.

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