This week, the Romney/Ryan campaign has twisted itself into a pretzel attacking President Obama for “stealing” $716 billion from Medicare, while trying to explain why Paul Ryan included the savings in his FY 2013 budget.
The infographic below offers a rundown of the campaign’s contortions from Sunday’s proclamations that Romney would have signed the Ryan budget and its Medicare cuts into law, to Romney’s announcement on Tuesday that he would restore the Medicare savings that both Ryan and Obama supported:
The changing rhetoric also presents serious policy problems. Romney’s implied policy of steering clear of Medicare reductions would greatly complicate his goal of reducing all federal spending from 24 percent of the GDP to 20 percent by 2016, which would require unsustainable cuts to other government programs. His specific promise to restore the $716 billion will also backfire and shorten the life of the Medicare trust fund “toward the end of what would be his first term in office.” The campaign has not yet specified how it would extend its solvency.
Infographic design by Adam Peck.