BOTH DEMOCRATS and Republicans are happy about Mitt Romney’s choice for VP — and for the same reason.
Both sides believe that having Paul Ryan on the GOP ticket helps underscore their strongest electoral argument. For Romney and the Republicans, that’s the (supposed) economic imperative to address the yawning budget deficit without any new taxes, plus the need for another round of income tax cuts to kick-start economic growth. For Democrats, Ryan’s no-new-taxes fiscal framework throws into stark relief the deeper cuts such an approach spells for cherished entitlement programs like Medicare and Medicaid (much of which goes for nursing home care for seniors), K-12 education, Pell Grants, Head Start, research funds, and a long list of similar programs. These are things Democrats see as essential both for a basic level of equity and for laying the foundation for future economic growth in a global economy that demands educated workers.