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Thursday, August 4, 2011 12:21 PM

Please Circulate.

http://www.whitehouse.gov/blog/2011/08/03/responding-representative-ryan

The White House Blog

Responding To Representative Ryan

Posted by Stephanie Cutter on August 03, 2011 at 09:14 PM EDT

House Budget Committee Chairman Paul Ryan offered an interesting take on the President’s leadership on dealing with our long-term debt and deficits the recent deficit reduction negotiations in today’s Wall Street Journal. Below are a few of Congressman Ryan’s claims along with our responses. 

Claim: Spending on Medicare, Medicaid and the Affordable Care Act is projected to skyrocket, while the House Republicans’ budget outlined a responsible approach to Medicare and Medicaid Reform.

• The Affordable Care Act was fully paid for, and according to the CBO will reduce the deficit by $200 billion over the next 10 years and by more than $1 trillion in the next decade.
   
• The Affordable Care Act will provide coverage to 34 million Americans and will extend the life of the Medicare trust fund.
   
• The House Republican plan would convert Medicare into a voucher program; increasing seniors’ health costs by $6,400 annually starting in 2022; raise health insurance premiums for middle-class Americans and small businesses; and cut Federal Medicaid spending by one-third by the end of the decade, which would cause 50 million to lose coverage.

Stephanie Cutter is Assistant to the President and Deputy Senior Advisor

If you are interested in reviewing the other 4 Claims and the White House's Response to them, refer to: The White House Blog.

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