The Obama Bankruptcy

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Weekly Standard:

 

The Obama Bankruptcy

 

ADVANCE EDITORIAL from the August 17, 2012 issue.

 

12:00 AM, Aug 17, 2012 • By IRWIN M. STELZER

 

 

The end of Medicare and Medicaid as we know them—through reform, the Ryan way, or -bankruptcy, the Obama way. The direction of the country—via the Romney-Ryan right track, or the Obama-Biden wrong track. Those are the choices, made stark by the addition of Paul Ryan to the Republican ticket.

 

Anyone who thought that the selection of Paul Ryan would force the president and his team to abandon purely negative campaigning had better think again. The presence of Ryan on the ticket has merely changed the target of Obama’s negative campaign from Mitt Romney’s performance at Bain Capital to Paul Ryan’s plans to make sense of our fiscal condition and preserve Medicare, unchanged for those 55 years old and over, reformed for other Americans. The Obama campaign remains stuck on negative, claiming that Ryan would destroy Medicare and Medicaid “as we know them.” How Obama would preserve these programs “as we know them” remains a

So the choices on offer are continuing full speed ahead towards the fiscal cliff—the Obama plan—or adopting some version of the Ryan reforms. read more

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