Saturday, February 6, 2010


...a plan that actually addresses our long term budget problem.
Released two days before the unusual back-and-forth session between Obama and the GOP, the bill sponsored by [Paul] Ryan and five other House members would seek to reduce the deficit and spur economic growth by cutting the tax rate on corporations, shifting future Medicare and Medicaid beneficiaries to private insurance plans, and both raising the retirement age gradually to 70 and reducing the growth of benefits to make Social Security solvent. Even Democrats have acknowledged that it is one of the few plans offered by a member of either party that would lower the long-term budget deficit.

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