Paul Ryan on Social Security MediCare and Pell Grants
Paul Ryan was chosen by Mitt Romney as his Vice Presidential pick. Here’s 6 things to know about Paul Ryan, as researched by MoveOn:
1. His economic plan would cost America 1 million jobs in the first year. Ryan’s proposed budget would cripple the economy. He’d slash spending deeply, which would not only slow job growth, but shock the economy and cost 1 million of us our jobs in 2013 alone and kill more than 4 million jobs by the end of 2014.
2. He’d pickpocket the middle class to line the pockets of the rich. His tax plan is Robin Hood in reverse. He wants to cut taxes by $4.6 trillion over the next decade, but only for corporations and the rich, like giving families earning more than $1 million a year a $300,000 tax cut. And to pay for them, he’d raise taxes on middle- and lower-income households and butcher social service programs that help middle- and working-class Americans.
3. He’d kill Medicare. He’d replace Medicare with vouchers for retirees to purchase insurance, eliminating the guarantee of health care for seniors and putting them at the mercy of the private insurance industry. That could amount to a cost increase of more than $5,900 by 2050, leaving many seniors broke or without the health care they need. He’d also raise the age of eligibility to 67.
4. He’d dismantle Social Security. Ironically, Ryan used the Social Security Survivors benefit to help pay for college, but he wants to take that possibility away from future generations. He agrees with Rick Perry’s view that Social Security is a “Ponzi scheme” and he supported George W. Bush’s disastrous proposal to privatize Social Security.
5. He’d eliminate Pell grants for more than 1 million low-income students. His budget plan cuts the Pell Grant program by $200 billion, which could mean a loss of educational funding for 1 million low-income students.
6. He’d give $40 billion in subsidies to Big Oil. His budget includes oil tax breaks worth $40 billion, while cutting “billions of dollars from investments to develop alternative fuels and clean energy technologies that would serve as substitutes for oil.”