Paul Ryan is worth $7.7 million. But he’s never worked a day in the private sector. He’s always been in government.
Where did that money come from? (From The Rude Pundit)
The Ryan Incorporated Central webpage on the company’s history says, “By the 1940’s the Company had become a full-service grading contractor serving both private industrial and public transportation customers, including some of the original work at what would become O’Hare Airport.”
But on the website for Ryan Incorporated Southern, headquartered in Florida (there are various divisions of Ryan and, yes, still from the company founded by his great-grandfather that’s run by Ryan’s cousins), it’s a bit more explicit: “The Ryan workload from 1910 until the rural interstate Highway System was completed 60 years later, was mostly Highway construction.”
And whose money built the interstate highway system? That’d be ours.
In other words, you know how Barack Obama talked about how your business didn’t build the roads that allow you to do business? Well, if you are in the Midwest, chances are that Paul Ryan’s family did build some of the roads. And they got to be amazingly successful because the federal government gave them six decades of contracts and millions upon millions of dollars to build them.
Are we clear here? We’re talking about Paul Ryan, who, with his wife, is worth as much as $7.7 million and “much of the Ryans’ wealth is in the form of trusts and inheritances.” For Rep. Ryan, those trusts and inheritances are a result of money that the federal government spent on infrastructure.
You wanna go further? Here’s a list of defense contracts from the 1990s that went to Ryan Incorporated in its various forms. One of them, from 1996, is worth $5.6 million and went to Ryan Incorporated Central.
So, just to get this right, Paul Ryan and his family are beneficiaries of expanded government spending to improve infrastructure. They continue to benefit from government contracts, including state and local ones. That’s Paul Ryan, whose budget would inevitably gut most infrastructure spending and who, with Mitt Romney, wants to shrink federal spending to the point where, if the federal government had felt that way throughout a good chunk of the 20th century, his family would not have made a dime and, well, then we would have never heard about Paul Ryan.
That’s the depth of hypocrisy in play here.
- Ryan Family Fortune Built on Public Works Projects That Romney Campaign Mocks (alternet.org)
- Paul Ryan’s Family Business: Wealth Attained Because Of Government Money (alan.com)
- Paul Ryan’s Family Business Built On Government Contracts (thinkprogress.org)
- He didn’t build it: How socialism helped Paul Ryan go to college (americablog.com)