What's missing from Paul Ryan's new budget plan?

Hint: It affects senior citizens

Paul Ryan introduced the GOP's budget resolution, "The Path to Prosperity: A Responsible, Balanced Budget", March 12.
(Image credit: Win McNamee/Getty Images)

Rep. Paul Ryan (Wis.), the Republican Party's de facto leader on fiscal issues, on Tuesday released details of the House GOP's budget-deficit plan, a sweeping proposal that would dramatically reduce the size of government and overhaul health insurance programs that millions of Americans rely on. But for such a radical document, the consensus is that it looks awfully familiar — to the plan that Mitt Romney and Ryan ran on when they lost the presidential election last November.

Ryan's plan would cut spending by $4.6 trillion over 10 years, transform Medicare into a voucher program, and fund Medicaid through block grants, which would gives states greater control over the program's administration. The plan would balance the budget by 2023, all with no new taxes. In addition, Ryan's budget would repeal President Obama's health care reform law, scaling back an expansion that is designed to provide basic care to 40 million uninsured Americans.

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Keith Wagstaff is a staff writer at TheWeek.com covering politics and current events. He has previously written for such publications as TIME, Details, VICE, and the Village Voice.