Robert Reich, professor at UC Berkeley’s Goldman School of Public Policy and former U.S. labor secretary, talks to “Viewpoint” host Eliot Spitzer about what a Romney-Ryan ticket would do to the economy.
“It’s much worse than what we tried under George W. Bush. The tax cuts that Ryan wants to provide to the very rich are multiples of the Bush tax cuts. The cuts in services and in programs for the poor are much more onerous than anything that Bush ever, ever contemplated,” Reich explains.
Reich attacks Paul Ryan’s proposed budget. “He wants to take Medicaid and essentially give it out to the states with almost no federal support at all. … He wants to turn Medicare into vouchers whose worth doesn’t even keep up with the projected cost of increases in health care. … In every respect, this budget takes from people who are vulnerable and gives to the people in our society, the small number, who are already wealthier than they’ve ever been — ever — in history.”
To hear Robert Reich explain the effects of the Romney-Ryan economic plan, check out his video here.