Tuesday, March 12, 2013

Paul Ryan Balanced Budget Plan Seeks $4.6 Trillion In Spending Cuts, According To WSJ Op-Ed


http://www.huffingtonpost.com/2013/03/11/paul-ryan-budget-wsj_n_2857146.html
Article PhotoWASHINGTON, March 11 (Reuters) - House Budget Committee Chairman Paul Ryan said on Monday he can balance the federal budget in 10 years without raising taxes any further by achieving $4.6 trillion in additional government spending cuts.
Ryan, who plans to unveil the House Republican budget on Tuesday, said in a Wall Street Journal opinion piece his proposal calls for the U.S. government to spend a total of about $41 trillion through 2023, a 3.4 percent annual increase.
That compares to the current spending trajectory of $46 trillion over 10 years, a 5 percent annual increase.
"Because the U.S. economy will grow faster than spending, the budget will balance by 2023 and debt held by the public will drop to just over half the size of the economy," Ryan wrote.
there to date has never been a breakdown of just how he can accomplish that, they think if we keep everything going big business way that in itself will generate enough revenue to carry us through.
so to me that means they will give the deed to the ranch to the rich or break the backs of the middle, poor, and elderly while simultaneously stripping all programs designed for these people and never raising the the tax or closing the loopholes on the rich.
magicians code forbids him from revealing the true nature of this rabbit in the hat strategy, he's been playing that tune so long that rabbit is probably dead since Nov. '12.
The Wisconsin Republican and 2012 vice presidential candidate said his budget will grant approval to the northern portion of the controversial Canada-to-Texas Keystone XL oil pipeline, which he contends will create 20,000 direct jobs and 118,000 indirect jobs.
As in past years, Ryan's budget will seek to convert Medicare health care for the elderly into a voucher-like system under which seniors receive a subsidy to purchase private insurance or traditional Medicare. But he said there will be no changes for those 55 or older, so the plan does contribute savings to achieve balance in the 10-year window.
Ryan said his budget will again seek to turn control and funding for Medicaid health care for the poor and food stamps over to states, and "paves the way" for comprehensive tax reform, with a goal of just two tax brackets: 10 percent and 25 percent.
aside from the obvious 2011 hyperbole revamp, haven't you heard this before of course you have there ar no new anything in the party except those members who no longer want to be a part of the right wing travesty perpetrated on Americans.