Paul Ryan’s Lies
Global Grind catalogs the lies in Paul Ryan’s RNC speech:
- Ryan attacked Barack Obama for the closing of a GM plant in his hometown of Janesville, Wisconsin.
Fact: The plant closed in December 2008 under George W. Bush.
- During Ryan’s speech, he said: “The stimulus was a case of political patronage, corporate welfare and cronyism at their worst. You, the working men and women of this country, were cut out of the deal.”
Fact: Ryan asked for a piece of the stimulus money for two Wisconsin energy conservation companies.
- Ryan attacked Obamacare:
“The coldest power play of all in Obamacare came at the expense of the elderly. Seven hundred and sixteen billion dollars, funneled out of Medicare by President Obama.”
Ryan needs to look in the mirror, because he was the one that incorporated the same cuts into budgets as chairman of its Budget Committee, using the money for deficit reduction.
Fact: Ryan’s plan for the elderly would make seniors pay more.
- Ryan blamed Obama for America’s downgrade when it came to the country’s credit rating: “It began with a perfect Triple-A credit rating for the United States; it ends with a downgraded America.”
The Fact: Standards and Poor (S&P) attributed the downgrade to the debt ceiling debacle led by Ryan.
Here’s what S&P said during the downgrade:
“We lowered our long-term rating on the U.S. because we believe that the prolonged controversy over raising the statutory debt ceiling and the related fiscal policy debate indicate that further near-term progress containing the growth in public spending, especially on entitlements, or on reaching an agreement on raising revenues is less likely than we previously assumed and will remain a contentious and fitful process.”