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December 5th, 2012 8:40 am
Text of Paul Ryan’s Speech to Jack Kemp Foundation

Greta Van Susteren has the transcript of Rep. Paul Ryan’s keynote address to the Jack Kemp Foundation last night.  For fans of Kemp and his notion of The American Idea (i.e. broad-based economic growth, equal opportunity, and cultural renewal), Ryan’s speech is an inspiring formulation of Kemp’s program for the 21st century.  An excerpt:

Americans are a compassionate people. And there’s a consensus in this country about our obligations to the most vulnerable. Those obligations are beyond dispute. The real debate is how best we can meet them. It’s whether they are better met by private groups or by government – by voluntary action or by government action.

And I would add that it’s about finding the most cost-effective way to meet those obligations so that they are financially sustainable.  This is critically important for at least three reasons.  First, it means that promises made to today’s beneficiaries can be kept.  Second, it means that tomorrow’s taxpayers won’t be left with the short end of the stick, being made to pay more than they receive in benefits.  And third, it frees up money; both in the federal budget for other worthy spending, and as a greater share of income retained by taxpayers.  Long-term federal entitlements are the real social contracts in our nation, and Americans owe it to ourselves – through our elected representatives – to reform the entitlement system to ensure its stability and fundamental fairness.

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