Here’s the money quote in the article:
RYAN: “And the biggest, coldest power play of all in Obamacare came at the expense of the elderly. … So they just took it all away from Medicare. Seven hundred and sixteen billion dollars, funneled out of Medicare by President Obama.”
THE FACTS: Ryan’s claim ignores the fact that Ryan himself incorporated the same cuts into budgets he steered through the House in the past two years as chairman of its Budget Committee, using the money for deficit reduction. And the cuts do not affect Medicare recipients directly, but rather reduce payments to hospitals, health insurance plans and other service providers.
In addition, Ryan’s own plan to remake Medicare would squeeze the program’s spending even more than the changes Obama made, shifting future retirees into a system in which they would get a fixed payment to shop for coverage among private insurance plans. Critics charge that would expose the elderly to more out-of-pocket costs.
Read the whole thing at: The Associated Press: FACT CHECK: Ryan takes factual shortcuts in speech.