There's a saying that the only second chance you get in life is the chance to make the same mistake twice. As he prepares to debate Joe Biden, Paul Ryan will almost certainly confirm that adage. After all, following his first big moment in the national spotlight, the GOP vice presidential nominee was pilloried for his Republican National Convention speech chock full of omissions, misrepresentations and outright lies. Thursday night in Kentucky, the self-proclaimed "numbers guy" will doubtless deny them.

Paul Ryan and Mitt Romney can't handle the truth. And the only way they can win is if you don't know it.

1. Economists Warn Romney-Ryan Plan Means Huge Job Losses
Like Mitt Romney, Rep. Ryan will claim that the GOP ticket will produce 12 million new jobs over the next four years. What Ryan won't mention is how they'll do that, or that forecasts this year from Moody's Analytics, Macroeconomic Advisers and the nonpartisan Congressional Budget Office already projected that based on recent trends the U.S. economy will generate roughly 12 million jobs by 2016 anyway. But a Romney-Ryan ticket isn't planning to do nothing in office, but instead intends to implement draconian spending cuts that studies suggest could cost up to 600,000 jobs in 2013 and another 1.3 million in 2014.

It's no wonder a survey of hundreds of economists by The Economist found that "by a large margin they rate [Obama's] overall economic plan more highly than Mr. Romney's, credit him with a better grasp of economics, and think him more likely to appoint a good economic team."

2. Romney and Ryan Both Supported Social Security Privatization
Paul Ryan didn't merely call Social Security a "Ponzi scheme." In 2005, he authored legislation to privatize Social Security that was so extreme even the Bush administration labeled it "irresponsible." (Part of his original "Road Map for America's Future," Ryan quietly dropped privatization of the retirement program for 46 million seniors from his 2010 GOP budget.) Romney, too, repeatedly offered his support for diverting trillions from the Social Security Trust Fund into private accounts managed by Wall Street firms during the 2008 campaign ("that works") and in 2010 book, No Apology. But given the staggering unpopularity of Social Security privatization, Romney is quick to deny that it is his current position.

3. 98 Percent of Congressional Republicans Voted for Ryan's Plan to Ration Medicare
In the spring of 2011, 235 House Republicans and 40 GOP Senators voted for the Ryan budget's proposal to transform Medicare into an under-funded voucher program dramatically shifting the cost of health care onto America's seniors. Confronted with the inescapable conclusion that his proposal would inevitably lead to de fact rationing, Ryan protested:

"Rationing happens today!" The question is who will do it? The government? Or you, your doctor and your family?"

Ryan, of course, omitted the real culprits: private insurers. Which is why the 2012 version of the Ryan budget (similar to the Romney plan) maintaining the traditional "public option" as one choice for future Medicare beneficiaries now 55 and younger will nevertheless still lead to cherry-picking of healthier seniors and higher costs for everyone.

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