Paul Ryan’s budget plan would cause the gradual demise of the Medicare system and cost 1 million students their Pell grants while preserving tax breaks for oil companies. And Mitt Romney thinks it’s ‘Marvelous’?
Ryan-Wyden Medicare Plan “Would Likely Lead To The Gradual Demise Of Traditional Medicare.” According to the Center on Budget and Policy Priorities: “The Ryan-Wyden plan would shift substantial costs to Medicare beneficiaries rather than protect them from cost increases, in part because the payment that beneficiaries would receive to help them buy coverage would likely fail to keep pace with health care costs. The plan also would likely lead to the gradual demise of traditional Medicare by making the pool of Medicare beneficiaries smaller, older, and sicker — and increasingly costly to cover.” [CBPP.org, 3/19/12]
“More Than 1 Million Students Would Lose Pell Grants.” As reported by the Huffington Post: “More than 1 million students would lose Pell grants entirely over the next 10 years under Rep. Paul Ryan’s budget, according to an analysis that the national reform organization Education Trust provided to The Huffington Post.” [Huffington Post, 3/27/12]
The New Ryan Budget Preserves $40 Billion In Tax Giveaways To Oil and Gas Companies. From the Center for American Progress: “American families have been plagued by higher oil and gasoline prices over the past several years despite a significant increase in domestic oil production and rigs, and decline in consumption. But while high prices threaten the economy and family budgets, they enrich American oil companies with huge profits. Yet it appears that House Budget Committee Chairman Paul Ryan’s (R-WI) proposed FY 2013 budget resolution would retain a decade’s worth of oil tax breaks worth $40 billion. And his budget would cut billions of dollars from investments to develop alternative fuels and clean energy technologies that would serve as substitutes for oil and help protect middle-class families from volatile energy prices as well as create jobs. In short, the Ryan budget compounds the cost of high oil and gasoline prices on the middle class.” [AmericanProgress.org, 3/20/12]
Published: Apr 4, 2012