Tag Archives: medicare

On the Stump, Romney and Ryan Avoid Real Medicare Debate | The Nation

21 Aug

All Romney/Ryan are doing is trying to hide from the American public just how badly they would shred the social safety net in order to pay for giving themselves giant tax cuts.

Ryan actually included the savings from cuts to wasteful private subsidies in the Medicare Advantage program that the ACA enacted—the same ones he now inveighs against in every speech—in his own budget. The reason he kept them in his budget, even while he votes to repeal the ACA and therefore would lose them, is because it gives him more breathing room. Take away those savings, and Ryan would have to come up with even more cuts to other popular programs.

The Obama campaign is understandably aggravated by their opponents’ cowardly refusal to stand and fight.

I’ll bet that Gary Johnson, Libertarian Party and Jill Stein, Green Party, would have a good and useful debate on Medicare.

via On the Stump, Romney and Ryan Avoid Real Medicare Debate | The Nation.

The grandfather clause (repost) — Crooked Timber

13 Aug

I saw a reference to (US Representative) Paul Ryan’s plan to kill Social Security and Medicare, but only for people currently under 55 (he doesn’t say “kill” of course, but if it was going to make things better he wouldn’t need to exempt everyone likely to care directly about the issue) and it reminded me to post this.

A policy like this has what economists like to call a time-inconsistency problem. To get the policy approved, Ryan needs the votes of people currently over 55 (hence the exemption) and in the current US situation, any Republican majority has to rely heavily on older voters. Say the plan passes. Sooner or later, the combination of demographics and the electoral pendulum means that the Repubs will be out, and the new primarily majority will face three choices (a) Repeal the whole thing if they can do so before it comes into force (b) Keep on paying high taxes to fund benefits they will never receive for the benefit of the selfish old so-and-so’s who voted to cut the rope once they had reached the top; or© extend the same cuts to the (as of 2011) over 55’s, and claw back some money for themselves.

If I were an over-55 Republican, I don’t think I would want to count on (b)

Discussion follows at the link below.

via The grandfather clause (repost) — Crooked Timber.