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Showing posts from February 26, 2010

Video: Paul Ryan discusses Obama's health care proposal. Good, but not great.

Perhaps discussing is the wrong term, perhaps skewers or shreds is more appropriate.  In five or six minutes Paul Ryan (R-Wisconsin) runs through the costs of Obama's proposal and brings to light the many painful aspects that we have been talking about for the past several months.  First and foremost, the entire plan is way too expensive and while Obama's proposal is not yet scored by the CBO the Senate's version was indeed scored and the scoring was based on misleading information.  Ryan delves into specific tricks and gimmicks that he believes were injected into the bill on purpose to offset the cost deficit.  The true cost over ten years of this new government health care proposal will result in over 400 billion in losses, but that number is useless.  Because as you remember, the bill is front loaded which means that taxes and cuts to Medicare will go on for ten years, but spending will only go on for six.  If you were to look out in twenty years the deficit jumps over