PERRspectives: Paul Ryan's Triple Scam on Tax Reform
"His plans to privatize Social Security, shelved due to their consistent unpopularity, will be back on the front burner. Ryan's ploy to ration Medicare by replacing the guaranteed system of government insurance for the elderly with an under-funded voucher scheme that will dramatically shift healthcare costs to seniors will return as well. Despite having repeatedly warned America about "takers" and lazy men "in our inner cities" who are turning "the safety net into a hammock," Chairman Ryan is recasting himself as an anti-poverty crusader. And above all, Paul Ryan wants to use his move from the Budget to the Ways and Means Committee to advance his dream of tax reform that "lowers rates and broadens the base."
But to realize his dream, Congressman Paul Ryan is perpetrating the greatest public policy con game since Arthur Laffer first sketched his laughable curve. Faced with the inescapable historical truth that tax cuts don't pay for themselves but instead have only increased the national debt and income inequality, Ryan turned to a three-part fraud to deceive the American press and the American people. Call it Paul Ryan's triple scam"
