Politically, Ryan’s proposed solution—essentially voucherizing the program—is an extremely tough sell (at best). But it’s hard to argue with his diagnosis of the problem. Even under the best possible circumstances, Medicare is set to run out of money soon. As this report by the Committee for a Responsible Federal Budget notes, even if you buy the most optimistic assumptions about Medicare, the program is “likely to permanently exceed its dedicated revenue source by the end of the decade.” But it’s actually much worse than that, because there’s no reason at all to buy those assumptions—not when the entitlement’s chief actuary has said flatly that those figures “do not represent a reasonable expectation” of the program’s future.
Ryan is a very smart man, who is out to slay a lot of sacred cows adored by the Big Government crowd. No wonder so many port-siders are out to get him.