Obama vs. Romney on Medicare
Wednesday, August 15, 2012 - 12:00
in Mathematics & Economics
Both want to rein in runaway costs. How they plan to meet that goal is, of course, where they part ways.Until this week, Republican presidential candidate Mitt Romney had sought to make the election a referendum on just one thing: President Obama's handling of the economy. But by teaming up with Rep. Paul D. Ryan (R-Wis.), the architect of the House GOP's plan for cutting spending, Romney made a campaign issue out of one of the government's biggest programs, Medicare. Sure enough, the attacks on Ryan's proposal to transform Medicare from insurance into premium subsidies began within minutes after Romney announced Ryan as his running mate.