{"id":267188,"date":"2010-02-02T12:10:51","date_gmt":"2010-02-02T17:10:51","guid":{"rendered":"tag:business.theatlantic.com,2010:\/\/3.35194"},"modified":"2010-02-02T12:01:41","modified_gmt":"2010-02-02T17:01:41","slug":"paul-ryans-shocking-budget-proposal","status":"publish","type":"post","link":"https:\/\/mereja.media\/index\/267188","title":{"rendered":"Paul Ryan&#8217;s Shocking Budget Proposal"},"content":{"rendered":"<p>Rep. Paul Ryan&#8217;s new budget proposal &#8212; which essentially privatizes Social Security and strangles Medicare inflation with cost-controlled vouchers &#8212; is a really important lesson in budgeting. It&#8217;s very easy to fix our long-term deficit crisis. All you have to do is blow up our entitlement program.<\/p>\n<p>There&#8217;s a bit of a debate about whether Ryan&#8217;s proposal is <a href=\"http:\/\/voices.washingtonpost.com\/ezra-klein\/2010\/02\/rep_paul_ryans_daring_budget_p.html#more\">so honest it&#8217;s crazy<\/a>, or <a href=\"http:\/\/motherjones.com\/kevin-drum\/2010\/02\/paul-ryans-smoke-and-mirrors\">so crazy it&#8217;s not serious<\/a>. I think it&#8217;s extremely serious &#8212; not as a budget proposal, but as a dystopian parable. It&#8217;s like reading <i>1984<\/i> for the next century, but with graphs.<\/p>\n<p>Consider the terrifying Medicare proposal. Ryan would give seniors a<br \/>\nvoucher that would immediately be worth less than Medicare spending per<br \/>\nenrollee. Over the next decade, the buying power of the voucher would<br \/>\ngrow more slowly than medical spending, but at the same time, the cost<br \/>\nof premiums will increase because seniors would wander into the more<br \/>\nexpensive private market for insurance. <a href=\"http:\/\/voices.washingtonpost.com\/ezra-klein\/2010\/02\/rep_paul_ryans_daring_budget_p.html#more\">Anybody wanna know what rationing look like?<br \/>\n<\/a><br \/>\nFiscal hawks like talking about &#8220;tightening belts.&#8221; This goes way beyond tightening by a few belt holes. This plan is more<br \/>\nlike taking off your belt and tying yourself to a treadmill that has no<br \/>\noff-switch. It&#8217;s an effective weight loss plan, indeed, but good luck convincing the neighbors to sign up for prepaid 12-month plan.<\/p>\n<p>Truly, I think it&#8217;s a shocking budget, and the kind of thing that no<br \/>\nparty in power would ever have the cojones to propose. Indeed,<br \/>\nRepublicans didn&#8217;t even have the cojones to co-sign health care reform&#8217;s Medicare cuts. Six<br \/>\nmonths after the Democrats&#8217; proposed Medicare savings made Republicans<br \/>\nshout bloody murder (literally: Death Panels), Rep. Paul Ryan is now<br \/>\nproposing the program&#8217;s gradual extermination. Like any good dystopian<br \/>\nparable, this doesn&#8217;t deserve to be taken literally. It&#8217;s about the lesson: Our deficit crisis in an<br \/>\nentitlement crisis, and the solution won&#8217;t be pretty.<br \/><br clear=\"both\" style=\"clear: both;\"\/><br \/>\n<br clear=\"both\" style=\"clear: both;\"\/><br \/>\n  <a style='font-size: 10px; color: maroon;' href='http:\/\/www.pheedcontent.com\/hostedMorselClick.php?hfmm=v3:374b023fbe23a71de36cada0635a19d0:y8SK6IQe%2BzmWcT0tbaL0LjLopZRLPuMNycz1GaT9bygaC5n0tCgDQ1ZK5iHTjM4a%2B%2FDHecvDAALf'><img border='0' title='Email this Article' alt='Email this Article' src='http:\/\/images.pheedo.com\/images\/mm\/emailthis.png'\/><\/a><br \/>\n  <a style='font-size: 10px; color: maroon;' href='http:\/\/www.pheedcontent.com\/hostedMorselClick.php?hfmm=v3:2ba2ab6cd1b41a350ac890c9bec7b304:42ulavzA%2BZXMo0BgnZQkafNgVtzpq3blQ7vImvit5JpJUSHcDnsG666XYUJW5%2Fo24oDyFw08%2FZkI'><img border='0' title='Add to digg' alt='Add to digg' src='http:\/\/images.pheedo.com\/images\/mm\/digg.gif'\/><\/a><br \/>\n  <a style='font-size: 10px; color: maroon;' href='http:\/\/www.pheedcontent.com\/hostedMorselClick.php?hfmm=v3:1f88c2d6116b17f63cdb5e80be11f4d7:J8TlgjmKkDuzoux1HxxnbppQoClczUs0WflUNmq%2Brb3O5c2wB%2B%2BEiaO7dOWIXiy7g%2FOrihL7%2BF3G'><img border='0' title='Add to Reddit' alt='Add to Reddit' src='http:\/\/images.pheedo.com\/images\/mm\/reddit.png'\/><\/a><br \/>\n  <a style='font-size: 10px; color: maroon;' href='http:\/\/www.pheedcontent.com\/hostedMorselClick.php?hfmm=v3:add0823fe3e5875f9cd7e2202a1baf30:JWvzlW4UpD3eKTt8ZOdCexuL4ok8WzhCsDHSbBB3IzcV6vOrYMykmymg6V90kVdDUCsq9EHWB9ocvg%3D%3D'><img border='0' title='Add to Twitter' alt='Add to Twitter' src='http:\/\/images.pheedo.com\/images\/mm\/twitter.png'\/><\/a><br \/>\n  <a style='font-size: 10px; color: maroon;' href='http:\/\/www.pheedcontent.com\/hostedMorselClick.php?hfmm=v3:c04a2362c6ca31f79399833de34ede05:KC3rAfuvlV78Jik2jz9ue8HhTancRzbrTviWouHfv1mVWPTRPeyzgjmoiHAkI0DtFer0%2BJWPOFze'><img border='0' title='Add to del.icio.us' alt='Add to del.icio.us' src='http:\/\/images.pheedo.com\/images\/mm\/delicious.gif'\/><\/a><br \/>\n  <a style='font-size: 10px; color: maroon;' href='http:\/\/www.pheedcontent.com\/hostedMorselClick.php?hfmm=v3:f8acb44e35d48a26688d291d6cc52359:OBELjJifhyUs2kqGt%2FXsf%2FpFBOeR1NEomZV2GgPj6Epu08%2FzCPAztsnyt%2Ft9LObtfFmIPYWhmrT%2B9w%3D%3D'><img border='0' title='Add to StumbleUpon' alt='Add to StumbleUpon' src='http:\/\/images.pheedo.com\/images\/mm\/stumbleit.gif'\/><\/a><br \/>\n  <a style='font-size: 10px; color: maroon;' href='http:\/\/www.pheedcontent.com\/hostedMorselClick.php?hfmm=v3:1ea8d01da59f0bd14c169d8a1af44439:bR6hdQshlAsjHQCvfvpyF0gE4vlrwp6TtK0luALVcR5v7mbcPDOEiDyBpH1ZWiV95g%2Bd11L2F%2FlmTQ%3D%3D'><img border='0' title='Add to Facebook' alt='Add to Facebook' src='http:\/\/images.pheedo.com\/images\/mm\/facebook.gif'\/><\/a><br \/>\n<br clear=\"both\" style=\"clear: both;\"\/><br \/>\n<a href=\"http:\/\/ads.pheedo.com\/click.phdo?s=8adfbebd4c9fc5099eb5cbbff34dbb41&#038;p=1\"><img decoding=\"async\" alt=\"\" style=\"border: 0;\" border=\"0\" src=\"http:\/\/ads.pheedo.com\/img.phdo?s=8adfbebd4c9fc5099eb5cbbff34dbb41&#038;p=1\"\/><\/a><br \/>\n<img loading=\"lazy\" decoding=\"async\" alt=\"\" height=\"0\" width=\"0\" border=\"0\" style=\"display:none\" src=\"http:\/\/a.rfihub.com\/eus.gif?eui=2225\"\/><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/feeds.feedburner.com\/~r\/AtlanticBusinessChannel\/~4\/T7zo5NDAGoE\" height=\"1\" width=\"1\"\/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Rep. Paul Ryan&#8217;s new budget proposal &#8212; which essentially privatizes Social Security and strangles Medicare inflation with cost-controlled vouchers &#8212; is a really important lesson in budgeting. It&#8217;s very easy to fix our long-term deficit crisis. All you have to do is blow up our entitlement program. There&#8217;s a bit of a debate about whether [&hellip;]<\/p>\n","protected":false},"author":1534,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-267188","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/267188","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/users\/1534"}],"replies":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/comments?post=267188"}],"version-history":[{"count":0,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/267188\/revisions"}],"wp:attachment":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/media?parent=267188"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/categories?post=267188"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/tags?post=267188"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}