Jonathan Chait writes an Epic article on Paul Ryan – conservative darling and ideological Wonderbread:
The basic elements of Ryan’s plan are this: The tax code would be collapsed into two rates, with the top rate dropping to 25 percent, but eliminating unspecified tax deductions would keep tax revenues at the current level, as set by the Bush tax cuts. Medicare would remain untouched for those 55 years old and older, but those under would be given vouchers at a capped rate.
Given that the Medicare savings would not begin to take effect for more than a decade, that taxes would stay level (at best), and that military spending would increase, Ryan would achieve his short-term deficit reduction by focusing overwhelmingly on programs targeted to the poor (which account for about a fifth of the federal budget, but absorb 62 percent of Ryan’s cuts over the next decade). The budget repeals Obamacare, thereby uninsuring some 30 million Americans about to become insured. It would then take insurance away from another 14 to 27 million people, by cutting Medicaid and children’s health-insurance funding.
You can read various articles about the Ryan plan HERE.
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