Good for Rep. Paul Ryan, R-Wis., for releasing a bold budget plan to reduce (but not eliminate) deficits over the next decade. Unlike the current budget stalemate, Ryan’s plan focuses on the real budget busters: entitlements. Ryan proposes converting the federal share of Medicaid spending into state block grants. Starting in 2022, he wants to convert Medicare to a “premium support” program in which participants would choose from private insurance plans. Though the budget blueprint doesn’t address Social Security, Ryan wrote in a Wall Street Journal commentary that he wants to build upon the Social Security reforms recommended by President Obama’s deficit-reduction commission, which include raising the retirement age.
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