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In short, the Ryan Plan is unbalanced, morally and politically, that gives the Pentagon and the wealthy a pass, and concentrates the pain of deficit reduction on middle and low-income families.
The proposal would shift healthcare costs to seniors and the disabled—the people who can least afford an increase in cost—by replacing traditional Medicare with a system of more costly private health plans.
The Ryan Plan proposes to control Medicare costs by replacing coverage with a "premium support" model. Under this approach (essentially a voucher plan, despite Ryan's denials) Washington would give Medicare recipients a set amount they could use to buy insurance from private plans - although Republicans wrongly assume that competition alone will drive down health costs.
Economist and New York Times columnist Paul Krugman took issue with the contention that Ryan's plan would reduce the deficit, alleging that it only considered proposed spending cuts and failed to take into account the tax changes. According to Krugman, Ryan's plan "would raise taxes for 95 percent of the population" but would produce a $4 trillion revenue loss over ten years because of the tax cuts for the rich. Krugman went on to label the proposed spending cuts a "sham" because they depended on making a severe cut in domestic discretionary spending without specifying the programs to be cut, and on "dismantling Medicare as we know it", which is politically unrealistic.
Republicans say... "YOU'RE ON YOUR OWN AMERICANS!" Good luck dealing with the Insurance companies. Make sure to include litigation fees in your health care plan.
►Catholics slam Paul Ryan on cuts to poor
Catholic leaders are lining up against Congressman Paul Ryan's war on the poor in the strongest possible terms, and MSNBC's Jonathan Alter joins Ed Schultz to discuss it.
► AARP Calls on Lawmakers to Oppose Unbalanced Budget Proposal
Advocates for seniors have protested the Ryan plan, saying the changes would leave older Americans with less health care coverage and access to nursing homes, and would expose them to potential future cuts to Social Security benefits.
► Impact of Ryan plan 2.0 on GOP nominee
Republican House Budget Committee Chairman Paul Ryan released his new budget plan, most notably using the phrase "premium support" instead of Medicare vouchers.
► Ryan's radical path
In The Big Finish: Congressman Paul Ryan, R-WI, is having trouble defending his budget, even in friendly territory on Fox. Former Labor Secretary Robert Reich tells Ed Schultz if the Ryan plan is a political winner or loser.
Robinhood in Reverse, the Ryan Plan cuts funding for:
▪ Food Stamps
▪ Housing Assistance
▪ Farm Subsidies
▪ Federal Workers
▪ Science Programs
▪ Education Services
▪ Border Control
▪ Student Loans
▪ FEMA Unemployment
Are we better off when a shrinking number of people do exceedingly well, while a growing number struggle to get by?
"It doesn't make us weaker when we guarantee basic security for the elderly or sick or those who are actively looking for work... what makes us weaker is when fewer and fewer people can afford to buy the goods and services our business sell, or when entrepreneurs don't have the financial security to take a chance and start a new business. What drags down our entire economy is when there is a ever widening chasm between the ultra rich and everybody else."
"Ask any company where they would rather locate and hire workers
a country with crumbling roads and bridges, or one that's committed to high speed Internet and railroads, and high tech research and development"
Watch Obama's entire speech: video.msnbc.msn.com/nbc-news/46941784
The Republican budget provides a trillion dollars in tax giveaways for people making more than $250,000 a year (on average $150,000 for every millionaire in the country)
What does $150,000 buy?
►A years worth prescription drug coverage for a senior... PLUS a new school computer lab... PLUS a year of medical care for a returning veteran... PLUS a medical research grant for a chronic disease... PLUS a years salary for a firefighter or police officer... PLUS a tax credit to make a year of college more affordable... PLUS a years worth of financial aid.
► Mario Batali completes Food Stamp Challenge
Celebrity chef Mario Batali joins MSNBC's Lawrence O'Donnell to share his experience completing the Food Stamp Challenge: try eating on the equivalent of a food stamp budget ($1.48 per meal) for one week.