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Old 07-05-2011, 12:03 AM   #5
arrismVam

Join Date
Oct 2005
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Ryan's budget is not up for debate, and it isn't even a real budget; he published a guideline paper. He promised later that he'd produce the actual budget legislation. This is for FY 2011-2012 for October 1. [fiscal years end on Sep 31 and begin on Oct 1]


What's at issue right now is that the stopgap budget bills have only extended government spending up to tomorrow evening. Obama wants them to put in a remainder budget that continues to fund the government to Sep 31 and that's where all this ideology sh*t has entered the picture.


This is also different than the debt ceiling which has to be re-approved each time the current account deficit nears the limit.
The CBO analysis of Ryan's proposal is an interesting read. Check it out: http://www.cbo.gov/ftpdocs/121xx/doc...yan_Letter.pdf

A few points stand out to me. The proposal clearly guts Medicare shifting a greater financial burden to seniors. The proposal's block grant structure for Medicaid will leave state government's scrambling to cover shortfalls when they inevitably exhaust their supply of federal funds. Only states can't deficit spend which means that they'll have to scale back services or, more likely, tax their citizens more. It's a step towards federalism, but it doesn't cut costs.

That's the fundamental flaw in a nutshell ... even with respect to Medicare. The proposal doesn't address the issue of rising health-care costs; it contains none of the cost containment measures included in the Obama plan. Granting fixed value vouchers to seniors to defray the costs of private insurance will be a virtually meaningless gesture given the present rate at which health-care costs continue to increase.

For all of the faults of Medicare, the CBO's analysis suggests that it will be approximately 30% cheaper than private coverage by 2030. Ryan's plan, however, relies exclusively upon the private insurance market to deliver health care and doesn't even give seniors a choice of a lower cost medicare option.
http://www.cbo.gov/ftpdocs/121xx/doc...yan_Letter.pdf
Congressional Budget Office - Home Page
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