Monday, April 4, 2011

Republicans propose $4 trillion in spending cuts

This is a good start, but it still doesn't eliminate the deficit.
(Fox News) — The Republican chairman of the House Budget Committee said his party’s budget proposal for 2012 would cut deficits by more than $4 trillion over the next decade, vowing to tackle costly entitlements like Medicare and Medicaid.

The proposal, set to be unveiled Tuesday, would serve as the Republicans’ official response to President Obama’s proposed $3.7 trillion budget for 2012. The White House claims its plan would cut deficits by $1.1 trillion over a decade.


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Medicaid isn't a problem. The problem rests with out of control defense spending, corporate welfare and insane tax cuts for the wealthy.

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The plan would replace the current open-ended system of Medicare payments with one in which the federal government would subsidize people to purchase insurance. In health insurance jargon, this is called “premium support.” Ryan would set up a system called “the Medicare exchange” in which beneficiaries would choose an insurance plan they preferred.