CBO says Paul Ryan’s plan worse than doing nothing in terms of deficits
The non-partisan Congressional Budget Office has BAD NEWS for Rep. Paul Ryan’s 10-year budget plan, which was unveiled only yesterday.
[T]he spending cuts Republicans would realize in the first 10 years would be outpaced by deficit increasing tax-cuts, which Ryan also proposes. After that, debt projections under the plan improve decade-by-decade relative to current law. That’s because 2022 would mark the beginning of the Medicare privatization plan. That’s when, CBO finds, “most elderly people would pay more for their health care than they would pay under the current Medicare system.”
UPDATE: It says HERE that some Republicans are a little nervous about the Ryan plan.
Gee, I can’t imagine.
UPDATE II: A numbers cruncher at the Heritage Foundation is SQUIRMING in the face of widespread criticism of his work as a basis for the Ryan plan.