
Rep. Paul Ryan
Mitt Romney’s selection of Rep. Paul Ryan of Wisconsin as his running mate is a bad thing. Ryan, the chair of the House Budget Committee, is a radical right-winger who has proposed privatizing Social Security and wants to replace Medicare with an inadequate voucher program. His budget proposals would entail not only eliminating most of the social safety net, but most governmental services. He proposes drastic tax reductions for rich people, while increasing taxes for working people.
It would be a disaster for the country if Mitt Romney were to be elected, and then die in office, making Ryan President. Or if Romney were to follow Ryan’s lead in domestic policy, as President George W. Bush followed Vice President Richard Cheney’s lead in national security affairs during his first six years in office.
But even if Romney loses, the Ryan choice changes the terms of debate. President Barack Obama has offered to cut Social Security and Medicare, protected Wall Street from business failure and criminal prosecution, and done little or nothing to help labor. But with Romney and Ryan as his opponents, he can define these as progressive positions.
Click on U.S. Congressman Paul Ryan for Ryan’s home page.
Click on The Legendary Paul Ryan for a profile of Paul Ryan by Jonathan Chait in New York magazine.
Click on How Paul Ryan Captured the G.O.P. for a profile of Paul Ryan by Ryan Lizza in The New Yorker.
Click on Six Things to Know About Ryan (and Romney) for analysis of Ryan’s record by Jonathan Cohn in the New Republic.
Click on Mitt Romney Would Pay 0.82 Percent in Taxes Under Paul Ryan’s Plan for a report by Matthew O’Brien in The Atlantic Monthly.
[Update 8/19/12]
Kevin Drum of Mother Jones pointed out that Paul Ryan has a new Medicare plan which (arguably) is not as bad as last year’s plan. The new plan would call for private insurers and Medicare to submit competitive bids, and for the government to issue vouchers equivalent to the second-lowest bid. People would be covered for the two lowest bids and could pay extra if they wanted premium coverage.
The problem with this, as Drum pointed out, is that this won’t necessarily hold down Medicare costs, since premiums for private insurance have gone up faster than Medicare—even though private employers (presumably) get competitive bids for their employee health insurance plans. What happens if the bids come in higher than what Ryan wants to budget for vouchers? Who pays the difference? The government? Seniors?
(more…)