One of the first attacks on Romney’s pick for his ticket-mate, Rep. Paul Ryan (R-WI), this weekend is that he did not support the Simpson-Bowles fiscal plan. I remember at the time Ryan saying, while he thought much of it was excellent, it did not address health care. Here’s Ryan explaining how much of Simpson Bowles in in his plan, and how and why his plan keeps the commitment to near and current Seniors (video was taped sometime before he was announced as Romney’s Vice Presidential pick). Partial transcript and full video below.
Note: Alice Rivilin is a former Vice Chair of the Federal Reserve, a former director of the White House Office of Management and Budget (OMB) and the first Director of the Congressional Budget Office (CBO). She was appointed to Obama’s Commission on Fiscal Responsibility and Reform.
Begin partial transcript:
[Ryan] It ignored health care…the driver of our debt is these health care programs, these health care entitlements…Simpson Bowles is basically silent on those things. Alice Rivlin and I, a Democrat and I. had an amendment to Simpson Bowles to complete this package that would have fundamental health care entitlement reform that was rejected by the elected Democrats, not the appointed Democrats on Simpson Bowles, and as a result it wasn’t passed…a lot of their proposals are in our budget, but it does not fix the problem…
The interviewer questions whether Ryan’s Medicare plan will be helpful to Seniors:
The President’s plan, which is in law takes a half a Trillion dollars from Medicare to spend on his health care law, and then it puts a board of 15 unelected, unaccountable bureaucrats in charge of putting price controls on Medicare, which will lead to denied care for CURRENT Seniors. We get rid of this rationing board, we stop the raid of the Medicare AND WE LEAVE THE BENEFIT EXACTLY INTACT AS IT IS TODAY for people in and near retirement. But in order to cashflow this commitment to those current seniors, which we think we should do, we need reform for the next generation…for your generation, my generation so that it will be there for us…that’s why we’re saying there is a bipartisan idea out there called Premium Support, just like the plan that members of Congress have that says, let’s give Medicare beneficiaries a choice of guaranteed coverage options, traditional Medicare-for-fee included, and let them pick among those competing plans, like they do in so many areas of life and then subsidize their premiums based on need – more for the poor, more for the sick and the middle income earner, and a lot less for the wealthy person. Doing it that way, which has bipartisan support saves Medicare and keeps the commitment for today’s Seniors….
After Ryan’s explanation, note, the anchorette admits she’s stupid and thinks you are too.
Paul Ryan on Simpson-Bowles and why he didn’t support it (video)