The Ryan plan: a political fantasy

Martin Wolf of London 'sFinancial Times, on CNN's' Fareed Zakaria's GPS, yesterday said he had looked closely at the Ryan plan. Ryan's long term projections of  the size of government being around  2.3 of GDP would have returned the government and services to around the level of 1900; no defense department; much less no entitlements; because his plan has no tax increases whatsoever and the US would be shrunk as a world power in the face of China rising.  He called Ryans' plan: a political fantasy.