For those who may have missed it, Rep. Paul Ryan (R - Wis.) has proposed a new budget with enormous changes to entitlement, especially Medicare and Medicaid.
The plan includes some interesting ideas, and many controversial ones. The primary hot point include basically gutting Medicare by shifting costs back to the elderly (born after 1956... everyone else gets a pass) and slashing taxes for the highest percentage of wage earners (from roughly 36% now to 25%). Ultimately the budget would slash around 6 trillion from the budget by the end of the decade, but does not balance the deficit.
So yeah.
There are some serious complaints and doubts about the validity of the plan, summarized well in this opinion piece. On the other hand, who would argue that the budget deficit isn't a serious problem? Something is needed, and this is the first serious attempt I've seen at solving the budget problem. I'm sure there are many other sources discussing this at the moment. What do you all think?
The plan includes some interesting ideas, and many controversial ones. The primary hot point include basically gutting Medicare by shifting costs back to the elderly (born after 1956... everyone else gets a pass) and slashing taxes for the highest percentage of wage earners (from roughly 36% now to 25%). Ultimately the budget would slash around 6 trillion from the budget by the end of the decade, but does not balance the deficit.
So yeah.
There are some serious complaints and doubts about the validity of the plan, summarized well in this opinion piece. On the other hand, who would argue that the budget deficit isn't a serious problem? Something is needed, and this is the first serious attempt I've seen at solving the budget problem. I'm sure there are many other sources discussing this at the moment. What do you all think?