BUSINESS
09/13/2012 08:32 am ET Updated Nov 13, 2012

How Paul Ryan Would Decimate The New Deal

Republican vice-presidential pick Paul Ryan is widely considered a leading conservative policy intellectual on welfare and entitlement spending. His budget--loosely adopted by the Republican Party platform--calls for a massive reduction in programs that benefit Americans broadly, and the poor specifically, in order to pay for big tax cuts. But his vision goes further, fundamentally altering the way the United States provides for the poor and elderly. Ryan's plan takes the social insurance promises of the New Deal and the Great Society and turns them into something far riskier and less dependable.

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