Former Treasury Secretary Robert Reich simply and effectively takes apart the Romney-Ryan economic plan in this video. It is a recipe for making the economy worse rather than improving it. Mitt Romney has not presented a plan with the details that Paul Ryan has. While Romney will not make his plan a carbon copy of Ryan’s, it is unlikely that he will detour significantly from its basic tenets. Ryan’s plan is widely accepted by many conservatives.
My major complaint with Reich’s five points of discussion is his number three — Medicare.
Ryan’s plan will use vouchers to redefine Medicare. Reich properly points that out. He then asserts, “Obama’s Affordable Care Act saves money on Medicare by reducing payments to medical providers like hospitals and drug companies.” Reich claims that the Ryan plan throws the cost of healthcare onto seniors. That is true, but Reich ignores that by reducing payments to providers, as Obamacare does, that means services and care for seniors will undoubtedly decrease. That shift may not be as traumatic as the Ryan plan, but neither is going to enhance the healthcare of seniors.