Democrats, Republicans spend nearly $50 million on TV ads that repeat old, scary Medicare claims.
Rep. Paul Ryan exaggerates future growth of the federal debt in a chart contained in his newly released budget plan.
The chart relies on Congressional Budget Office projections from last year that do not account for actions taken since then to reduce federal deficits by nearly $2 trillion over 10 years. The chart also projects debt levels out to 2060, although CBO warns that such long-term projections are “highly uncertain.”
Ryan, a Wisconsin Republican who chairs the House Budget Committee,
The release of the House GOP budget by Rep. Paul Ryan has sparked a resurgence of false and misleading claims about the Affordable Care Act, which the budget seeks to largely repeal. On the Sunday talk shows, Rep. Debbie Wasserman Schultz, the head of the Democratic National Committee, and Sen. Ron Johnson, a Republican from Wisconsin, each distorted the facts regarding revenues raised in the health care law. And Ryan wrongly said the law would take money away from Medicare and ration benefits for seniors.
Paul Ryan insisted in the Oct. 11 debate that Mitt Romney will not increase defense spending. Joe Biden interrupted Ryan twice to say Romney will increase it by $2 trillion. Who’s right? The answer depends on another question: compared with what?
Romney would spend $2 trillion more than Obama over the next 10 years on the Pentagon’s base budget — which excludes war funding. But Romney won’t increase total annual defense spending as a percentage of gross domestic product compared with fiscal year 2012.
Republican presidential candidate Mitt Romney claims that his plan would balance the federal budget in eight to 10 years. But so far, he has not made public the details on how he would be able to do that, and one neutral budget expert calls it “an unrealistic goal.”
Also, Romney and running mate Paul Ryan exaggerate when they say “five different studies” prove that all of the stated goals of Romney’s revenue-neutral tax plan could be accomplished without raising taxes on middle-income taxpayers.
TAMPA, Fla. — Paul Ryan’s acceptance speech at the Republican convention contained several false claims and misleading statements. Delegates cheered as the vice presidential nominee:
Accused President Obama’s health care law of funneling money away from Medicare “at the expense of the elderly.” In fact, Medicare’s chief actuary says the law “substantially improves” the system’s finances, and Ryan himself has embraced the same savings.
Accused Obama of doing “exactly nothing” about recommendations of a bipartisan deficit commission — which Ryan himself helped scuttle.
The presidential campaign is overflowing with claims from both sides designed to scare seniors into thinking Medicare is being gutted or about to end altogether. Lost in the flurry of attack ads and political messaging is a policy debate on how best to reduce the growth of Medicare spending, a common goal of both campaigns. If all voters know …