House GOP Budget to cut $6.2 Trillion Over Ten Years

[I AM NOT THAT GUY 5,715]

The GOP Path to Prosperity

Our budget cuts $6.2 trillion in spending from the president's budget over the next 10 years and puts the nation on track to pay off our national debt.

By PAUL D. RYAN

Congress is currently embroiled in a funding fight over how much to spend on less than one-fifth of the federal budget for the next six months. Whether we cut $33 billion or $61 billion—that is, whether we shave 2% or 4% off of this year's deficit—is important. It's a sign that the election did in fact change the debate in Washington from how much we should spend to how much spending we should cut.

But this morning the new House Republican majority will introduce a budget that moves the debate from billions in spending cuts to trillions. America is facing a defining moment. The threat posed by our monumental debt will damage our country in profound ways, unless we act.

No one person or party is responsible for the looming crisis. Yet the facts are clear: Since President Obama took office, our problems have gotten worse. Major spending increases have failed to deliver promised jobs. The safety net for the poor is coming apart at the seams. Government health and retirement programs are growing at unsustainable rates. The new health-care law is a fiscal train wreck. And a complex, inefficient tax code is holding back American families and businesses.

The president's recent budget proposal would accelerate America's descent into a debt crisis. It doubles debt held by the public by the end of his first term and triples it by 2021. It imposes $1.5 trillion in new taxes, with spending that never falls below 23% of the economy. His budget permanently enlarges the size of government. It offers no reforms to save government health and retirement programs, and no leadership.

Our budget, which we call The Path to Prosperity, is very different. For starters, it cuts $6.2 trillion in spending from the president's budget over the next 10 years, reduces the debt as a percentage of the economy, and puts the nation on a path to actually pay off our national debt. Our proposal brings federal spending to below 20% of gross domestic product (GDP), consistent with the postwar average, and reduces deficits by $4.4 trillion.

(more)

http://online.wsj.com/article/SB10001424052748703806304576242612172357504.html

[mawilson 2,133]

It's very courageous of Paul Ryan to suggest cutting Medicare and Medicaid.

He's certainly the first Republican-Democrat regimer not to kowtow to the senile lobby.

[Ban Hammer 13,403]

It's very courageous of Paul Ryan to suggest cutting Medicare and Medicaid.

He's certainly the first Republican-Democrat regimer not to kowtow to the senile lobby.

that's because they'll forget about it come election time.

[Mr. Big Dog 10,747]

that's because they'll forget about it come election time.

[Mr. Big Dog 10,747]

It's very courageous of Paul Ryan to suggest cutting Medicare and Medicaid.

He's certainly the first Republican-Democrat regimer not to kowtow to the senile lobby.

Well, the beauty of this proposal is that it'll address Social Security as well. Most of the old folk won't be getting all that old anymore. And the disabled and poor might see their lives shortened as well. Hence, they'll all draw less on Social Security down the road keeping that system going stronger and longer. It's brilliant, really. Who the ** needs death panels? Just price these people out of life - problem solved.

[I AM NOT THAT GUY 5,715]

Well, the beauty of this proposal is that it'll address Social Security as well. Most of the old folk won't be getting all that old anymore. And the disabled and poor might see their lives shortened as well. Hence, they'll all draw less on Social Security down the road keeping that system going stronger and longer. It's brilliant, really. Who the ** needs death panels? Just price these people out of life - problem solved.

It just sounds better and better!

Rachel Maddow was throwing a conniption fit on MSNBC. It took her 20 minutes to do her setup on Paul Ryan. "Oh no! The old people! The old people!"

Edited April 6, 2011 by Some Old Guy

[Mr. Big Dog 10,747]

It just sounds better and better!

I take it you either made your peace or have saved up to pay for another few years of life? Oh, that's right. You/re an old guy and will still benefit from the spoils of liberalism. Why the ** would you care that folks after you will have to decide whether to eat or to live? It's a tough fcuking choice where you can't win either way. But again, if you're over 55 then why give a damn? Won't make a first damn difference to you. Come to think of it, you shouldn't be allowed to vote anymore if you're over 55 now.

[I AM NOT THAT GUY 5,715]

I take it you either made your peace or have saved up to pay for another few years of life? Oh, that's right. You/re an old guy and will still benefit from the spoils of liberalism. Why the ** would you care that folks after you will have to decide whether to eat or to live? It's a tough fcuking choice where you can't win either way. But again, if you're over 55 then why give a damn? Won't make a first damn difference to you. Come to think of it, you shouldn't be allowed to vote anymore if you're over 55 now.

I am right at the cutoff. Life is sweet.

[mawilson 2,133]

Well, the beauty of this proposal is that it'll address Social Security as well. Most of the old folk won't be getting all that old anymore. And the disabled and poor might see their lives shortened as well. Hence, they'll all draw less on Social Security down the road keeping that system going stronger and longer. It's brilliant, really. Who the ** needs death panels? Just price these people out of life - problem solved.

It's not 1965 anymore - old people have a LOT of money to spend. Half of the country's discretionary spending, in fact (according to a recent report by AARP.)

[Mr. Big Dog 10,747]

It's not 1965 anymore - old people have a LOT of money to spend. Half of the country's discretionary spending, in fact (according to a recent report by AARP.

Yes and those old folks saved that money when there was a middle class able to do so. That middle class is being actively dismantled. The generations that will retire down the road are those of today's workforce where 50% or so of households make $60K a year or less. If this trend continues - and there isn't any indication that it won't - there will be no middle class. There will be the rich and the rest. You really think that people will build sufficient nest eggs on incomes that barely support their working lives? I doubt it. Besides, if the GOP has their way, seniors will be required to purchase health insurance on the private insurance market but they won't have any right to actually purchase that coverage. The only thing at current that would give them that right is PPACA which the GOP is burning to repeal.

[Bad_Daddy 2,209]

Same ol rhetoric...cut this, cut that ...yet not a word mentioned about getting us out of Iraq and Afghanistan.

[mawilson 2,133]

Yes and those old folks saved that money when there was a middle class able to do so. That middle class is being actively dismantled. The generations that will retire down the road are those of today's workforce where 50% or so of households make $60K a year or less. If this trend continues - and there isn't any indication that it won't - there will be no middle class. There will be the rich and the rest. You really think that people will build sufficient nest eggs on incomes that barely support their working lives? I doubt it. Besides, if the GOP has their way, seniors will be required to purchase health insurance on the private insurance market but they won't have any right to actually purchase that coverage. The only thing at current that would give them that right is PPACA which the GOP is burning to repeal.

You're probably right, but let's worry about tomorrow's retirees tomorrow.

This country is going bankrupt TODAY paying for TODAY's retirees' healthcare - retirees who actually HAVE the money to pay for it.

[Bad_Daddy 2,209]

You're probably right, but let's worry about tomorrow's retirees tomorrow.

This country is going bankrupt TODAY paying for TODAY's retirees' healthcare - retirees who actually HAVE the money to pay for it.

This country is going bankrupt for the fact it's costing us billions for two wars. If were going to make cuts, let's look at reality here and cut where it's needed.

[Danno 1,228]

Paul Ryan For president!

[mawilson 2,133]

This country is going bankrupt for the fact it's costing us billions for two wars.

It's part of it - not all of it.