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Thursday, October 11, 2012

Fussbudget: How Paul Ryan captured the G.O.P.

speaking at CPAC in Washington D.C. on Februar...
speaking at CPAC in Washington D.C. on February 10, 2011. (Photo credit: Wikipedia)

Fussbudget: How Paul Ryan captured the G.O.P.
Ryan Lizza, New Yorker
   http://nyr.kr/NuiAJC



Ryan recommended ending Medicare, the government health-insurance program for retirees, and replacing it with a system of direct payments to seniors, who could then buy private insurance. (The change would not affect current beneficiaries or the next decade of new ones.)

 He proposed ending Medicaid, the health-care program for the poor, and replacing it with a lump sum for states to use as they saw fit. Ryan also called for an end to the special tax break given to employers who provide insurance; instead, that money would pay for twenty-five-hundred-dollar credits for uninsured taxpayers to buy their own plans.

 As for Social Security, Ryan modestly scaled back his original proposal by reducing the amount invested in private accounts, from one-half to one-third of payroll taxes. Ryan’s Roadmap also promised to cut other government spending, though it didn’t specify how. Likewise, it promised to lower income-tax rates and simplify the tax code, but it didn’t detail which popular deductions—mortgage interest? retirement contributions?—it would eliminate.

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