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The Ryan Budget

Econ2 Wrote: Aug 18, 2012 12:40 PM

Incorrect. The saving in Ryan's plan of $716 B is used to shore up the Medicare Trust Fund. The $716 B Obama raided from Medicare is going to fund 1/3 of Obamacare. HUGE difference. And moot. If Romney is elected, Obamacare is not implemented and the cuts never happen anyway.. And what good is a benefit if no one will provide it? The "waste and inefficiencies" is reduced payments to providers. Didn't you read the article? CBO estimates that 30% of providers will refuse to take Medicare patients. So you have a huge increase in Medicare patients (the baby boomer bulge) entering the market with a dramatically reduced amount of providers willing to provide "benefits". What in the world do you think is going to happen????

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The Ryan Budget

The political left is doing the St. Vitus dance over Paul Ryan's budget. This is the proposal Ryan put forth as Chairman of the House Republican Budget Committee to deal with the nation's fiscal crisis. Democrats are labeling it as "radical," and "extremist," especially Ryan's plans to reform Medicare.

The president has called the Ryan budget "social Darwinism." Democratic National Committee Chairwoman, Debbie Wasserman Schultz, said it "would end Medicare as we know it." Not to be outdone, Republicans have launched some rhetorical hand grenades of their own. Mitt Romney told CBS News' Bob Schieffer that "there's only one president...

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