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Paul Ryan/Romney Plan: Is It Right Wing Social Engineering?

  • Broadcast in Politics
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So, it's Paul Ryan, what do you think?

A year ago, our guest Michael Stafford, wrote of Ryan's infamous budget plan:

Ryan's plan slashes spending on social programs that benefit the poor and the middle class while, simultaneously, reducing the tax burden on the wealthiest members of our society. This is inexplicable from a policy standpoint, and indefensible from an ethical one. But it makes perfect sense if you see the world from an Objectivist perspective.

Ryan's proposals on Medicare have attracted the most attention. Essentially, he'd replace the current version with a voucher system for everyone presently aged 55 and younger in 2022 and beyond.  This may sound innocuous, but it has tremendous financial implications for individuals in the working and middle classes attempting to save for retirement. Given projected increases in healthcare costs, it is extremely unlikely that most of us will be able to purchase insurance comparable to today's Medicare post-2022.  In Ryan's vision, "prosperity" is apparently some sort of Orwellian new-speak for learning to live with a lot less.