At a House hearing, last month, Paul Ryan, the Chairman of the House Budget Committee, skewered Obama’s Treasury Secretary Timothy Geithner for having no plan to control the debt.
Today, Ryan unveiled the sequel to last year’s, Path to Prosperity budget plan on the House Budget Committee website:
The Path to Prosperity: Restoring America’s Promise
House Budget Committee – Fiscal Year 2012 Budget Resolution
Read Full Report
Key Facts & Summary
A Contrast in Budgets
Setting the Record Straight
The current path – which the President’s irresponsible budget commits us to – will result in a debt-fueled economic crisis, the shredding of the safety net, and a diminished future. Americans deserve better than empty promises from a government going broke. The budget advanced by the House Budget Committee ensures real security through real reform. The House Budget Committee’s FY2012 Budget Resolution helps spur job creation today, stops spending money the government doesn’t have, and lifts the crushing burden of debt. This plan puts the budget on the path to balance and the economy on the path to prosperity.
Forbes is liking Paul Ryan’s “New-and-Improved Plan for Medicare and Medicaid Reform”:
The headline is that the new plan scraps Ryan’s old Medicare proposal, which involved full privatization of Medicare in the form of “premium support,” for a partial privatization which incorporates the option for seniors to stay on traditional Medicare, using a framework known as competitive bidding. The new Medicare proposal is lifted from Paul Ryan’s collaboration with Democratic senator Ron Wyden (Ore.), which I called a “game changer” when it was released in December.
Other health care-related provisions are basically the same: repeal Obamacare, and block-grant Medicaid. Ryan’s proposal seeks to move toward “patient-centered reform,” which he describes as including malpractice reform, purchasing insurance across state lines, and expanding consumer-driven insurance plans. Notably, he advocates allowing employees to opt out of employer-sponsored care, and giving workers the option to take their employer’s insurance contribution and devote it to buying plans for themselves.
Paul Ryan’s ally in the Senate Budge Committee, Jeff Sessions on the Senate Floor, yesterday: Americans Have A Right to Be Angry Over Health Law’s Surging Costs:
Speaking on the Senate floor today, Sen. Sessions addressed the soaring cost projections for President Obama’s health care law, which have now reached nearly triple what he originally promised the American people. Sessions stated: “This is the kind of thing that [has] the American people are asking us, ‘Are you crazy? How can you borrow 40 cents of every dollar you spend? … What’s the matter with you people?'”
While House Republicans unveil a budget plan to repeal the president’s costly health law; Senate Democrats aren’t even bothering to produce a budget plan at all.
ABC News: House Republicans Unveil New Budget Blueprint:
House Budget Chairman Paul Ryan is unveiling his latest budget blueprint that proposes significant tax and entitlement reform for FY2013, but is likely to draw the disdain of congressional Democrats.
“We assumed there would be some who would distort for political gain our efforts to preserve programs like Medicare,” Ryan, R-Wis., wrote in the Wall Street Journal this morning. “Having been featured in an attack ad literally throwing an elderly woman off a cliff, I can confirm that those assumptions were on the mark. But one year later, we can say with some confidence that the attacks have failed. Courageous Democrats have joined our efforts. And bipartisan opposition to the path of broken promises is growing.”
The organized left is not giving up, though:
The American Prospect gives Ryan’s budget plan a thumbs down:
The Wisconsin representative’s plan is filled with distortions and half-truths.
Later this morning, House Budget Chairman Paul Ryan will unveil his latest budget plan, “The Path to Prosperity.” Like the “Roadmap” released last year—and passed by House Republicans—the Path to Prosperity fits neatly within Ryan’s self-described Randian ideology: It would slash social and entitlement spending and direct the savings to lower taxes on rich people and corporations. Despite this, as Matthew Yglesias points out, Ryan has a habit of portraying his policies as somehow beneficial to the broad majority of Americans.
For Missouri residents: