Monday, May 9, 2011

Paul Krugman rails against the Ryan Plan

Paul Krugman  has repeatedly savaged the lying Ryan Plan for its distortions, inconsistencies, hidden numbers and budgetary dirty tricks. 

Today he wrote:
"Because it is, you know, a plan to dismantle Medicare. When you transform a program that pays seniors’ medical bills into a program that gives them a voucher that almost certainly isn’t enough to buy adequate insurance, you can call the new scheme Medicare, but it isn’t the same program."  the full piece here.

The Ryan plan doesn't balance the budget until 2041, it does not save medicare.  Mostly the Ryan plan is a wealth redistribution plan.  It reduces taxes for the wealthy by cutting medicare.   The Ryan plan at work.

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