Rep. Paul Ryan says Obama's chief actuary "refudiated" health care reform savings.
Upfront's Mike Gousha tried but failed to get Ryan to reveal one program on the list of cuts. Where will Ryan make his unpopular cuts? How will he present slashing Americans safety nets, while giving more money and tax breaks to upper income earners?
The Ryan “Road Map” Truth the news media fails to get answers for…
The Hill: It would cut the top income tax rates, eliminate income taxes on capital gains, dividends, and interest, and abolish the corporate income tax, estate tax, and alternative minimum tax. At the same time, it would raise taxes on the middle class by creating a new consumption tax on most goods and services.
By 2080, Medicare would be cut 76 percent below its projected size under current policies, according to the Congressional Budget Office. In other words, the vouchers that would replace Medicare would receive one-quarter of the resources that Medicare would otherwise use.
A medium earner (someone earning $43,000 in today’s terms) retiring in 2080 would receive Social Security benefits worth 46 percent less than the currently scheduled amount. A higher earner (earning $69,000) would receive a 56 percent reduction, and someone who earns the maximum taxable amount (currently $106,800) would receive a 61 percent reduction.
Rep. Ryan’s reverse-Robin-Hood approach of cutting taxes for the wealthy, raising taxes for the middle class, slashing Social Security and Medicare, and letting debt rise for decades to come isn’t the answer.
Paul N. Van de Water is a senior fellow at the Center on Budget and Policy Priorities.
The Atlantic Wire: Ryan would save the government money by shifting the burden to individuals. Right now, individuals are feeling pain, but not the full cost of what it would mean should the federal government bear down and cut costs. It is rationing, Klein says, and Ryan is fearless in broaching it.
RepublicanRedefined: I came across a great piece Erick Erickson at Red State: The Republicans are cutting $74 billion from fiction. What I mean is the GOP is claiming they are cutting $74 billion from what Barack Obama wanted in 2011. There’s just one problem — the Democrats left power without ever passing Barack Obama’s budget. In other words, the GOP is cutting $74 billion from a budget that does not even exist.
In reality, they are cutting $35 billion from the continuing resolution that continues to fund the federal government. That’s all. Just $35 billion.
Representative Ryan has spent months talking about “double counting” and “playing with numbers” and that is precisely what he is doing here. He’s talking about a proposed budget that never came to fruition and he’s talking about budget cuts that a five year old could tell you don’t add up to $100 billion.
Man up or shut up Mr. Ryan. You’re geeky gimmicky little math routine is wearing out its welcome.
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