Rep. Paul Ryan‘s plan to replace Medicare with a voucher plan was killed by the Senate the otehr day when five GOP Senators voted against Ryan’s idea. On most political occasions, this blow would put an end to Ryan’s fifteen minutes of political fame, except for two things: one, the Democrats will now want to …
Paul Krugman had another very fine column on the budget deficit in the Times yesterday. “The core of the Ryan proposal is a plan to privatize and defund Medicare. Yet this would do nothing to reduce the deficit over the next 10 years, which is why all the near-term deficit reduction comes from brutal reductions …
In The Baseline Scenario today, James Kwak runs a chart from Rep. Paul Ryan‘s proposal to diminish Medicare: “Here’s how to read that chart,” writes Kwak. “In 2030, under current law, a 65-year-old Medicare beneficiary’s health care will cost $60. (Obviously, this is using an index, not real dollars.) Medicare will pay $35 and the …