Healthcare: The argument!

I have been seeing this unfold now for the past 6 months to a year. Because we have a huge budget deficit we all know we must cut spending. I have also argued here that we need to increase taxes on the wealthiest 1% of our population. Today, Republican Rep. Paul Ryan came out with his major spending cut proposal which focused on getting rid of Medicare as we know it in favor of a voucher system for the elderly to purchase health insurance. The Democrats are already out there saying the Republicans want to kill Medicare, funding for Planned Parenthood and PBS and aren't even considering taxing the wealthy or cutting subsidies for the Oil companies and Banks.

I wouldn't be surprised that a compromise might be proposed, whereby Democrats agree to some cuts in Medicare, while Republicans agree to small tax increases on the wealthy. But I am afraid that this will not be enough to close the gap in our debt. We can't use the argument that taxing the wealthiest will cost jobs as they will have less money to help grow and invest in America. They aren't really helping now nor have they through the entire time they have had the Bush tax cuts.