A FAIR Media Advisory—
THE BUDGET PROPOSAL released last week by Rep. Paul Ryan (R.-Wisc.) includes tax cuts for the wealthy, tax hikes for the middle class, drastic cuts in spending and a radical restructuring of Medicare that would shift most of the cost of healthcare to seniors. Its dubious claims of deficit reduction rely on fatally flawed assumptions and inexplicable projections (Center for Budget & Policy Priorities, 4/7/11; CEPR, 4/11).
Editor‘s Note: At The Greanville Post we have covered the topic of Medicare financing, its supposed risk of bankruptcy and other issues extensively, and —we’d like to think— conclusively. Just do a search of our files and you’ll find plenty of solid material debunking the alarms and cries for reform (read: privatize and toss it to the Wall Street sharks) uttered by so many in the media and government these days, including, of course, many Democrats and Obama himself. See, for example, Steve Lendman’s
But much of the media coverage about the plan has presented Ryan’s proposal as a serious solution to long-term budget problems, or at least the starting point of a serious conversation about the topic.