Black People : GOP seek to cut 1/4 Trillion a year for the next 10 years

Discussion in 'Black People Open Forum' started by Ankhur, Apr 5, 2011.

  1. Ankhur

    Ankhur Well-Known Member MEMBER

    Oct 4, 2009
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    owner of various real estate concerns
    GOP's Ryan seeks over $5 trillion in cuts over 10 years

    House Budget Committee chair says lawmakers need to come to grips with ailing Medicaid, Medicare programs
    The Associated Press
    WASHINGTON — Republicans controlling the House have fashioned plans to slash the budget deficit by more than $5 trillion over the upcoming decade, combining unprecedented spending cuts with a fundamental restructuring of taxpayer-financed health care for the elderly and the poor.

    House Budget Committee Chairman Paul Ryan, R-Wis., will unveil the GOP budget blueprint Tuesday morning just as House Speaker John Boehner, R-Ohio, heads to the White House for a meeting on the current-year measure with Obama, Vice President Joe Biden and Senate Majority Leader Harry Reid of Nevada, his chief nemesis in Congress.

    In an op-ed in Tuesday's editions of The Wall Street Journal, Ryan estimated the proposed Republican budget cut at $6.2 trillion over 10 years. And he said later in a nationally broadcast interview that lawmakers must find a way to come to grips with the financially ailing Medicaid and Medicare programs, which Ryan called "the drivers" of the federal debt.

    While Ryan said that over the coming decade, his budget would slash $6.2 trillion from Obama's spending proposals, the savings as measured against the Congressional Budget Office "baseline" would be less.

    In GOP's new plan, big health cost shift to elderly

    Partisan divisions hardened Wednesday around the new House GOP budget, hailed by backers as a sobering correction for the nation's spending binge, and denounced by critics as an attack on health programs for middle-class retirees and the poor.