Lets talk about the Republican budget proposal
The plan, unveiled on March 20th by Paul Ryan, the chairman of the Budget Committee, is similar to the one he put forward last year. It aims to cut spending by more than $5 trillion over the next decade relative to the budget the president proposed last month. That would bring the deficit to below 2% of GDP by 2015, and the budget into balance by around 2040.
The proposal would also dramatically cut taxes for businesses and individuals - a move it claims could be paid for by eliminating exemptions and deductions. It also rehashes Mr Ryan's scheme to stop the government paying directly for health care for the elderly via Medicare, and instead hand out vouchers that could be used to buy private insurance. But to ease suspicions that this is simply a ruse to foist rising costs on blameless grannies, Mr Ryan now says that the vouchers could be used to remain in a version of the current Medicare programme; this, however, may cost people money if competition from private providers succeeds in undercutting Medicare.
The non-partisan Congressional Budget Office calculates that the proposed spending cuts are even more swingeing this time round. Only Social Security (the public pension scheme) would remain on its present trajectory. The projected growth in Medicare would be crimped, while outlays on Medicaid, the government health-care scheme for the poor, would be halved as a share of GDP by 2050. Everything else (such as foreign aid, assistance to veterans and federal funding for schools and roads) would be cut by over two-thirds.
This plan is pretty much what all the Republican presidential candidates back -
- So, vast tax cuts for the wealthy and businesses
- privatize Medicare
- half medicaid, give it to the bankrupt states
- cut everything else by 2/3rds
I'll let someone else find the plans for expanding the military
Uh, folks, they will do this if they get the presidency and win the senate and house.
Here is a link that might be useful: leading off the discussion