Romney Names Paul Ryan as his VP
In recent years, Presidential candidates have been used their VPs to rally the base and in some cases that has meant having VPs tell the base what they want to hear instead of informing them. Below is a list of inaccurate claims by Paul Ryan, according to fact checking organizations.
“Ryan says his plan would not increase the debt. In fact, under his plan the public debt would increase from $10 trillion in 2011 to $16 trillion in 2021, by his own figures. That’s a slower increase than under President Barack Obama’s budget, but the debt would still rise substantially.
He says his plan would “bring deficits below $1 trillion immediately, ending the era of trillion-dollar deficits.” True — but just barely. The 2012 deficit in his plan would be $995 billion, just shy of $1 trillion. It would drop to about $700 billion by 2013 — but that’s what the president’s budget projects, too.
A GOP document defending Ryan’s plan wrongly claims that the budget “does not cut Medicaid” and that it “spends more on Medicaid each year than it does the previous year.” That’s false. Ryan’s own projections call for slashing Medicaid below this year’s spending level for years to come.
That GOP document says Democrats in Congress and Obama increased the deficit 259 percent since 2008, when it was $458 billion. That ignores the fact that President George Bush was in office in 2008. Obama inherited a $1.2 trillion deficit largely caused by declining revenues and Bush’s response to the economic crisis.
Ryan says Obama’s proposed budget “commits seniors to bureaucratically rationed health care.” In fact, the new health care law states that the advisory board to which Ryan refers “shall not include any recommendation to ration health care.” Furthermore, the board members are to be primarily doctors, economists and other outside experts, not Washington bureaucrats.
He says the “principles of tax reform” in his plan are “identical” to those in the bipartisan fiscal commission. That’s misleading. Both would close loopholes and reduce tax rates, but the commission would raise $785 billion in new tax revenue from 2012 to 2020 for debt reduction. Ryan’s plan is revenue neutral.
He says Obama’s budget “imposes $1.5 trillion in tax increases on job creators and American families.” But, as we written before, about half of that total would come from increases scheduled under current law.
He says that closing the Medicare prescription drug coverage gap would “increase prescription-drug prices for everyone.” But the Congressional Budget Office says out-of-pocket costs would be unaffected or lower for many.
He claims the health care law doesn’t improve Medicare’s finances. Not true. It does, but experts worry some cost controls won’t be fully implemented. Furthermore, Ryan’s budget keeps in place some of those same cost controls.
Paul Ryan is best known for his budget plan which gives tax cuts to the very wealthy. According to Howard Gleckman of the Urban Institute,
“… those making $1 million or more would enjoy an average tax cut of $265,000 and see their after-tax income increase by 12.5 percent. By contrast, half of those making between $20,000 and $30,000 would get no tax cut at all.”
Paul Ryan’s Medicare plan would begin in 2023 where the Medicare eligibility age would be slowly raised to 67 by 2034 because Paul Ryan claims the U.S. Lief-expectancy is rising. However, actually it isn’t.
Paul Ryan’s approach to politics has been described as a starve the beast strategy.
“Rather than proposing unpopular spending cuts, Republicans would push through popular tax cuts, with the deliberate intention of worsening the government’s fiscal position. Spending cuts could then be sold as a necessity rather than a choice, the only way to eliminate an unsustainable budget deficit.”
Historian Bruce Bartlett, former domestic policy adviser to President Ronald Reagan, has called Starve the Beast
“the most pernicious fiscal doctrine in history”, and blames it for the increase in US government debt since the 1980s.
The Ryan Medicare plan is a starve the beast strategy because premium-support payments would be tied to the second-cheapest plan, which can’t grow more than gross domestic product plus 0.5 percentage points. If the cost does grow faster, Congress would be required to step in and take some action to keep costs down. Costs are almost certain to grow more than .05 if the health reform is repealed and Paul Ryan believes it should be repealed. More Paul Ryan inaccuracies on health care are reviewed here. He has consistently falsely claimed that the health care reform bill “is accelerating our country toward bankruptcy.”
For Paul Ryan’s likely campaign messages that are not accurate click here. Paul Ryan received Politifact’s Pants on Fire Rating for his claims that the President has doubled the size of government and for claiming that the Wisconsin labor protests were riots.
For preview of what the Democrats spin on Paul Ryan will be click here.
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