Obama calls the Ryan plan a “Trojan horse” « Hot Air

Obama calls the Ryan plan a “Trojan horse” « Hot Air: "Elsewhere in the speech, he’ll sound a little more specific. He’ll say the Ryan plan guts “education and training; research and development.” He’ll chalk the debt up to “two wars, two massive tax cuts and an unprecedented financial crisis.” He’ll neglect to mention that the chief drivers of the debt have been and will continue to be unsustainable entitlement programs. Medicare spending, for example, is adding to future deficits faster than any other program spending. Even the chairmen of his own fiscal commission acknowledge that health care spending is the biggest debt threat — and that the debt is the biggest threat to the country, in general. The president will also neglect to mention his own plan for entitlement reform — because he doesn’t have one. So far, his primary deficit and debt reduction idea has been to raise taxes on the wealthy — but tax rates would have to double to pay for entitlements. Somehow, these facts never make it into the president’s speeches."

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