Jun 12, 2011

FACT CHECK: Paul Ryan Falsely Claims House Republicans Are Addressing the Debt and Saving Medicare

Today on CBS' Face the Nation, Republican Budget Committee Chairman Paul Ryan (WI-01) falsely claims he and his Republican colleagues are addressing the debt and preserving Medicare, saying, "we passed a budget to fix this problem, pay off the debt, grow the economy, save Medicare."

In reality, his budget increases the debt, costs American jobs, and ends Medicare.

FACT CHECK:

Ryan’s Budget Would Raise the Debt

  • CBO: Debt Rises During First 10 Years of GOP’s Plan. According to an initial analysis by the CBO, they found that by the end of the 10 year budget window, public debt would actually be higher. CBO projected under current law the debt would balloon to 67 percent of GDP by 2022; under Ryan’s plan, the CBO expects it to rise to 70 percent. [Congressional Budget Office, 4/5/11; The Atlantic, 4/6/11]
     
  • National Debt Increases $8 Trillion Under GOP Budget. Under Ryan's plan, the national debt would still increase $8 trillion over the coming decade to $23 trillion. [Roll Call, 4/06/11]

Ryan’s Budget Would Cost Americans Jobs

  • Former McCain Economic Advisor: 1.7 Million few Jobs Under Ryan Plan. According the Mark Zandi of Moody's, a former economist for the McCain 2008 Presidential Campaign, the Ryan approach would result in 1.7 million fewer jobs, including 900,000 next year, than is the case under the president's proposal. [Moody's Analytics, 4/14/11]

Ryan’s Budget Would End Medicare

  • Wall Street Journal: The House Republican Budget for 2012 Would “Essentially End Medicare.” “The plan would essentially end Medicare, which now pays most of the health-care bills for 48 million elderly and disabled Americans, as a program that directly pays those bills.” [Wall Street Journal, 4/4/11]
     
  • NCPSSM: GOP Budget Plan Destroys Medicare and Cuts Social Security Benefits. In April 2011, Max Richtman, executive vice-president of the National Committee to Preserve Social Security and Medicare, was quoted in a news release stating that the Republican budget would destroy Medicare. “Over time, this will destroy the only health insurance program available to 47 million Americans,” said Richtman. [NCPSSM press release, 4/5/11]
     
  • McClatchy: GOP Spending Plan Would End Medicare. “The proposals from Rep. Paul Ryan, the Wisconsin Republican who chairs the House Budget Committee, would reverse retirement policies created during President Lyndon B. Johnson's Great Society programs of the mid-1960s…His plan effectively would end Medicare for seniors, revamp Medicaid for the poor, scrap the 2010 health care law, roll back nonmilitary federal spending overall and lower individual and corporate tax rates.” [McClatchy-Tribune News Service, 4/5/11]

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