Cordell Hull Liveblogs World War II: April 6, 1941
Econ 210a: Memo Question for April 13, 2011

David Leonhardt on the Cowardice of Paul Ryan

David Leonhardt:

A Medicare Plan That Exempts Too Many: The Republican budget released on Tuesday is a daring one in many ways... would replace the current Medicare with a system of private health insurance plans subsidized by the government.... Yet there is at least one big way in which the plan isn’t daring at all. It asks for a whole lot of sacrifice from everyone under the age of 55 and little from everyone 55 and over. Representative Paul Ryan, the Wisconsin Republican who wrote the plan, calls the budget deficit an “existential threat” to the United States. Then he absolves more than one-third of all adults from responsibility in dealing with that threat.

This decision doesn’t make him unique in Washington. There is nearly a bipartisan consensus that any cuts to Medicare and Social Security should spare the baby boomers and the elderly. And, certainly, retirees or people on the verge of retirement shouldn’t have their benefits changed radically. But the consensus, like Mr. Ryan’s plan, goes too far...