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PORTSIDE  August 2012, Week 4

PORTSIDE August 2012, Week 4

Subject:

Ryan Budget Facts

From:

Portside Moderator <[log in to unmask]>

Reply-To:

[log in to unmask]

Date:

Mon, 27 Aug 2012 22:26:26 -0400

Content-Type:

text/plain

Parts/Attachments:

Parts/Attachments

text/plain (128 lines)

Ryan Budget Facts

Senator Bernie Sanders

http://www.sanders.senate.gov/newsroom/news/?id=5091ef55-8985-4fe2-a3ee-812ae1166e7b 

August 13, 2012

The House budget drawn up by Rep. Paul Ryan would end
Medicare as we know it, according to Sen. Bernie
Sanders. It also would cut spending on virtually
everything but the Pentagon while still spending more
than the Treasury takes in by providing $1 trillion in
tax breaks for the wealthy and profitable corporations,
according to Sanders, a member of the Senate Budget
Committee who has monitored and analyzed the Ryan plan.
Sanders vs Ryan Medicare

The Ryan plan will end Medicare as we know it within 10
years by providing an $8,000 voucher for seniors to
purchase a private health insurance plan.

The Ryan plan will increase out-of-pocket health care
costs for a typical 65 year-old senior by more than
$6,000 in 2022 - more than double the cost under
current law.

And the problem gets worse and worse over time, so that
by 2030, the out-of-pocket health care costs paid by
seniors will climb to about $11,000.

Under the Ryan budget, Medicare's eligibility age would
rise from 65-67 from 2022 to 2033. Prescription Drugs

Under the House Ryan plan, nearly four million seniors
would pay over $2 billion more for prescription drugs
in 2012 alone by re-opening the Medicare Part D
prescription drug donut hole.

Children's Health Insurance

If the Ryan plan becomes law, the Congressional Budget
Office has estimated that 1.7 million children would
lose health insurance by 2016. Medicaid

The Ryan budget would cut Medicaid by over $770 billion
by turning it into a block grant program, and
threatening the life-saving nursing home care of
millions of senior citizens.

Slashing Medicaid as the Republicans want to do could
cost America more than two million private-sector jobs
over the next five years. Affordable Health Care Act

The Ryan budget would completely repeal the Affordable
Health Care Act preventing an estimated 34 million
uninsured Americans to get the health insurance they
need. Cancer Screenings

The Ryan budget will force over 7 million seniors to
pay more for cancer screenings and prevention programs,
while requiring senior cancer patients to pay millions
more for lifesaving cancer drugs immediately. Wellness

The Ryan plan could force at least one million seniors
to pay over $110 million more for annual wellness
visits in 2012. Pell Grants

At a time when the cost of a college education is
becoming out of reach for millions of Americans, the
Ryan budget would slash college Pell grants by about
60% next year alone reducing the maximum award amount
from $5,550 to about $2,100. Nutrition

At a time when over 40 million Americans don't have
enough money to feed themselves or their families, the
Ryan budget would kick up to 10 million Americans off
of Food Stamps, by slashing this program by more than
$125 billion over the next decade. Infrastructure

At a time when our nation's infrastructure is
crumbling, the House Ryan budget would slash funding
for our roads, bridges, rail lines, transit systems,
and airports by nearly 40 percent next year alone.
Defense Spending

Despite the fact that military spending has nearly
tripled since 1997, the House Ryan budget does nothing
to reduce unnecessary defense spending. In fact,
defense spending would go up by $26 billion next year
alone under the Ryan plan. $1 Trillion in Tax Breaks
for Corporations and Wealthy

The Ryan budget provides over $1 trillion in tax cuts
to the wealthiest 2 percent and large corporations by
permanently extending all of the Bush income tax cuts;
reducing the estate tax for multi-millionaires; and
lowering the top individual and corporate income tax
rate from 35 to 25 percent. Protects Big Oil

The Ryan budget protects $44 billion in unnecessary and
expensive tax breaks and subsidies for oil and gas
companies, even as oil companies are reporting record
profits. Costs Jobs

Mark Zandi, the former economic advisor to John McCain
when he was running for president, has said that the
Ryan budget plan will cost America 1.7 million jobs by
the year 2014, with 900,000 jobs lost next year.

___________________________________________

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