Fact checking the 10 worst Ryan debate lies
October 12, 2012
Fact Checking Paul Ryan: Via ThinkProgress - Paul Ryan told 24 myths in just 40 minutes at last night's debate. Here are the ten worst:
"[Unemployment is rising] all around America." In August, the unemployment rate dropped from a year before in 325 of 372 metro areas surveyed by the U.S. Bureau of Labor Statistics.
"This [Medicare premium support] plan that's bipartisan. It's a plan I put together with a prominent Democrat senator from Oregon." Wyden not only voted against Ryan's budget, he also called the idea that he supported it "nonsense."
"Obamacare takes $716 billion from Medicare to spend on Obamacare." Ryan is claiming that Obamacare siphons off $716 billion from Medicare, to the detriment of Medicare beneficiaries. In actuality, that money is saved primarily through reducing over-payments to insurance companies under Medicare Advantage, cutting waste fraud and abuse, and eliminating inefficiencies in the system. Ryan's budget plan keeps those same cuts, but directs them toward tax cuts for the rich and deficit reduction.
"7.4 million seniors are projected to lose their current Medicare Advantage coverage they have. That's a $3,200 benefit cut." Enrollment is actually projected to increase by 11 percent in Medicare Advantage (MA) in 2013. Since the Affordable Care Act was enacted in 2010, Medicare Advantage premiums have decreased an average of 10 percent and enrollment in these plans has increased 28 percent.
"If you like your health care plan, you can keep it. Try telling that to the 20 million people who are projected to lose their health insurance if Obamacare goes through or the 7-point million - 7.4 million seniors who are going to lose it." The Affordable Care Act would actually expand health care coverage to 30 million Americans and all seniors will keep their guranteed Medicare benefits, despite Ryan's fear mongering. The Congressional Budget Office estimates that very few people will have to enroll in new coverage.
"You see, if you reform these programs for my generation, people 54 and below, you can guarantee they don't change for people in or near retirement." Here is how the Romney/Ryan Medicare plan will affect current seniors: 1) by repealing Obamacare, the 16 million seniors receiving preventive benefits without deductibles or co-pays and are saving $3.9 billion on prescription drugs will see a cost increase, 2) "premium support" will increase premiums for existing beneficiaries as private insurers lure healthier seniors out of the traditional Medicare program, 3) Romney/Ryan would also lower Medicaid spending significantly beginning next year, shifting federal spending to states and beneficiaries, and increasing costs for the 9 million Medicare recipients who are dependent on Medicaid.
"Eight out of 10 businesses, they file their taxes as individuals, not as corporations." Far less than half of the people affected by the expiration of the upper income tax cuts get any of their income at all from a small businesses. And those people could very well be receiving speaking fees or book royalties, which qualify as "small business income" but don't have adirect impact on job creation. It's actually hard to find a small business who think that they will be hurt if the marginal tax rate on income earned above $250,000 per year is increased.
"He'll keep saying this $5 trillion plan, I suppose. It's been discredited bysix other studies." The studies Ryan cites actually further prove that Romney/Ryan would, in fact, haveto raise taxes on the middle class if he were to keep his promise not to loserevenue with his tax rate reduction.
"You can - you can cut tax rates by 20 percent and still preserve these important preferences for middle-class taxpayer. It is mathematically possible.It's been done before. It's precisely what we're proposing." If Romney/Ryan hope to provide tax relief to the middle class, then their $5 trillion tax cut would add to the deficit. There are not enough deductions in the tax code that primarily benefit richpeople to make his math work. As the Tax Policy Center concluded, Romney's plan can't both exempt middle class families from tax cuts and remain revenue neutral. "He's promised all these things and he can't do them all. In order for him to cover the cost of his tax cut without adding to the deficit, he'd have to find a way to raise taxes on middle income people or people making less than $200,000 a year," the Center found.
"So they proposed a $478 billion cut to defense to begin with. Now we have another $500 billion cut to defense that's lurking on the horizon. They insisted upon that cut being involved in the debt negotiations, and so we have a $1 trillion cut." Ryan has frequently gotten in hot water for criticizing President Obama for the very same defense cuts that he voted for in 2011.
For the full list, please visit ThinkProgress.