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Is based on. what is in the ryan plan and what is left out of the ryan plan. >> so what is in the ryan plan at this point is a somewhat softer, from its initial version, way of moving medicare over to private insurance, or retain the option to be a normal medicare, but you pick from a bunch of private insurers too. >> that's the latest -- that's the thing that -- >> that is the new version. that is ryan 2.0. >> that he worked out with ron wyden. >> exactly. >> but that was never voted on or put into legislative language in any way. >> no, no, it is in the latest budget, in the second iteration...

Softer, from its initial version, way of moving medicare over to private insurance, or retain the option to be a normal medicare, but you pick from a bunch of private insurers too. >> that's the latest -- that's the thing that -- >> that is the new version. that is ryan 2.0. >> that he worked out with ron wyden. >> exactly. >> but that was never voted on or put into legislative language in any way. >> no, no, it is in the latest budget, in the second iteration of the budget, this year's budget, that is the version of support that is in there, to my knowledge. >> okay. >> but the big cut wednes...

The detention. these candidates will have to get up and give a speech, the speech of their lives. all of the preplanned showbiz aspects of the convention where you're trying to drive a message, trying to connect with the american people will be totally out the window. it will be total chaos. it's anyone's guess what will happen. there's absolutely no modern precedent for it. >> chuck todd, steve schmidt and rachel maddow. thank you all for joining me tonight. >> thanks. >> coming up, ryan 2.0. the ryan plan is back doing just as much damage to medicare as the first ryan plan. and cutting taxes...

Their lives. all of the preplanned showbiz aspects of the convention where you're trying to drive a message, trying to connect with the american people, it will be totally out the window. it will be total chaos. and it's anyone's guess what will happen. there is just absolutely no modern precedent for it. >> chucked to, steve schmitt and rachel madow. thank you for joining me tonight. >> you bet. >> coming up, ryan 2.0. the ryan plan is back doing just as much damage to medicare as the first ryan plan and cutting taxes even more crazily for the rich. and, of course, all the while adding to the...

Denounced last year, ryan is now trying the proven political strategy of simply lying about it this year. he thinks using the phrase premium support already fool people into thinking we're not talking about vouchers anymore. and if you think mitt romney is older and wiser since he embraced the first ryan plan, think again. >> i'm very supportive of the ryan budget plan. i think it's a bold and exciting effort on his part and the part of the republican.s. and it's very much consistent with what i put out earlier. of this budget deals with a tax policy which is very similar to the one i put out....