Thanks for the very insightful analysis, Tom.
It’s hard to add much except to say this: You will hear the phrase “No one over 55 will be impacted” more than you heard Al Gore say “lockbox.” And of course from the other side you will hear the incessant “end of Medicare as you know it” refrain. The victor of that argument will likely win the election.
Amid annual trillion dollar deficits and the nation’s debt rating downgrade, I suspect that Americans are somewhat more willing than before to hear a serious conversation about our nation’s troubled finances.
But in order to prevail in that argument, Romney must tweak the Ryan plan to reduce the benefits for the wealthy and shift money towards deficit reduction. Only then would he be able to capture the moral high road.
However, doing so would alienate the very conservative pundit class that the Ryan pick has appeased, which is why I find it quite unlikely.
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