Summing up the Ryan budget proposal
April 7, 2011 Leave a Comment
Ezra Klein does a good job summing up the Republican budget plan put together by Rep. Paul Ryan of Wisconsin.
A few of the highlights:
The idea that conservatives believe the savings in Ryan’s plan are realistic while those in the Affordable Care Act aren’t boggles the mind. For one thing, Ryan includes the supposedly unrealistic savings from the Affordable Care Act; they can’t be realistic in Ryan’s budget but not realistic in the ACA. For another, the ACA’s savings are more modest, and the law has many, many more ways to attain them than simply saying “the government promises not to spend more than inflation, even if spending less means millions of seniors and disabled Americans will have no health care.” …
The budget is much more regressive than I thought it would be. In the first 10 years, it has $4 trillion in program cuts, and most of themare coming from programs that primarily serve low-income or otherwise vulnerable Americans.
The implication of the Congressional Budget Office’s analysis isn’t just that seniors would pay more for less under Ryan’s Medicare reform but that the gap between Ryan’s plan and traditional Medicare would grow over time. That suggests Ryan’s plan isn’t just shifting costs without cutting total costs but that it’s shifting costs while increasing total costs.
It’s worthwhile taking the time to read the rest yourself.