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GOP proposes $6.2 trillion in spending cuts
MarketWatch ^ | April 5, 2011, 11:24 a.m. EDT | Robert Schroeder, MarketWatch

Posted on 04/05/2011 9:01:56 AM PDT by Ernest_at_the_Beach

2012 plan revamps Medicare, lowers corporate tax rate to 25%

WASHINGTON (MarketWatch) — Opening a new battle in Washington’s budget wars, House Republicans on Tuesday proposed to slash government spending by $6.2 trillion over 10 years, cut the top corporate tax rate to 25%, and dramatically overhaul the Medicare program.

Republicans’ fiscal 2012 budget blueprint, released by House Budget Committee Chairman Paul Ryan of Wisconsin, would also scrap President Barack Obama’s health-care law, remake federal welfare programs and allow oil and gas companies to drill more freely.

It cuts $6.2 trillion over the next decade compared to Obama’s 2012 budget proposal. Compared to current policy levels, it slashes $5.8 trillion in spending. See text of plan from House Budget Committee web site.

The GOP budget lands in the middle of an intense debate about government spending and debt, and comes a day after Obama announced his 2012 re-election bid. By presenting a plan to lock in spending cuts, replace Obama’s health-care law and allow new Medicare beneficiaries to choose private plans, Republicans say they’re leading where the president has failed.

(Excerpt) Read more at marketwatch.com ...


TOPICS: Business/Economy; Extended News; Government; Politics/Elections
KEYWORDS: 2012budget; budgetbattles; nationaldebt; paulryan; paulryanbudget
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1 posted on 04/05/2011 9:01:59 AM PDT by Ernest_at_the_Beach
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To: Ernest_at_the_Beach

I hope it passes


2 posted on 04/05/2011 9:02:27 AM PDT by tsowellfan
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To: Ernest_at_the_Beach

Finally, a step forward


3 posted on 04/05/2011 9:02:45 AM PDT by rightistight
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To: Ernest_at_the_Beach

Paul Ryan was very impressive this morning. I flipped from Fox to CNN and was surprised that CNN covered what Ryan had to say.


4 posted on 04/05/2011 9:04:31 AM PDT by unkus
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To: unkus; rightistight; tsowellfan; onyx; SE Mom; Marine_Uncle; NormsRevenge; Grampa Dave; ...
The Headline on the marketwatch home page is:

GOP swings $6.2 trillion ax


5 posted on 04/05/2011 9:10:46 AM PDT by Ernest_at_the_Beach ( Support Geert Wilders)
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To: Ernest_at_the_Beach

The message to Republican politicians is ‘Get serious or get lost!!’

Decades of ‘compromise’ have produced the COMPLETELY AVOIDABLE situation we have NOW.

We cannot continue to support leaders who show up in DC lost, lame and winded..... NO MORE business as usual.

The more critical the economic situation, the more clear the road ahead appears. You would have to be plumb dumb to miss all the cues, no matter what your ‘politics’!!!

We KNOW how all this happened, so we know how to undo the thing.

The problem that Liberals are faced with is that they DO NOT want to admit their programs have failed AND have broken the bank in the process. Consequently they don’t want to alter or omit any of these ‘programs’. Liberals are terminally blind to the basic facts of how individuals become wealthy and independent … so how THIS NATION became wealthy and independent is a mystery to them, as well!!!


6 posted on 04/05/2011 9:19:50 AM PDT by SMARTY (Conforming to non-conformity is conforming just the same.)
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To: unkus

“Paul Ryan was very impressive this morning. I flipped from Fox to CNN and was surprised that CNN covered what Ryan had to say.”

####

As usual.

The problem lies in the fact that a critically large segment of the American voting population is too stupid, lazy, self-interested and/or ill-informed to recognize just how impressive and important what Ryan has to say actually is.


7 posted on 04/05/2011 9:25:01 AM PDT by EyeGuy (Gimme Shelter)
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To: Ernest_at_the_Beach

Yeah...they PROPOSE it. But the RINOs and limp-wrists will run like the sheep they are when it comes time to actually DOING it.


8 posted on 04/05/2011 9:33:26 AM PDT by Oldpuppymax
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To: Ernest_at_the_Beach

Read the comments section! OMG these trolls are investing money?
Good Lord, no wonder we are in so much trouble ! So many deranged Liberals, so few brains, indoctrination on parade.
I need a shower.


9 posted on 04/05/2011 9:39:40 AM PDT by acapesket
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To: Ernest_at_the_Beach

I DONT WANT NO GODDAM 10 YEAR SPENDING CUT- I WANT 1.5 TRILLION SPENDING CUT NEXT YEAR AND KEEP IT THAT WAY~!!

A 6 TRILLION SPENDING CUT IS GOODFOR$HIT IF THEY SPEND 15TRILLION MORE INTO DEBT

GODDAMITGODDAMITGODDAMITGODDAMITGODDAMITGODDAMITGODDAMITGODDAMITGODDAMITGODDAMITGODDAMITGODDAMITGODDAMITGODDAMITGODDAMITGODDAMITGODDAMITGODDAMITGODDAMITGODDAMITTHESEFARGINBATIGESAREPISSING ME OFF~!!!!!!!!!!!!!!!!


10 posted on 04/05/2011 9:43:56 AM PDT by Mr. K (Job #1 DEFUND THE LEFT Palin/Bachman 2012 -Unbeatable Ticket)
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To: SMARTY; Ernest_at_the_Beach
"The message to Republican politicians is ‘Get serious or get lost!!"

That RESONATES!!!

11 posted on 04/05/2011 9:47:51 AM PDT by SierraWasp (I love the Governors of AZ, WI, NJ, LA, OH, SC, MS and ME!!!)
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To: Ernest_at_the_Beach

“by $6.2 trillion over 10 years”

This “Over XX Years” is BS. It is hype, it is propaganda. No Congress is required to continue with the cuts, and the years picked is simply retarded. “10 YEARS” might as well be “100 BAJILLION YEARS!!!”

Simply put, the VAST majority of these claims have little to no cuts now and claim later congresses will continue with even larger cuts later, of which they never do.


12 posted on 04/05/2011 9:48:23 AM PDT by CodeToad (Islam needs to be banned in the US and treated as a criminal enterprise.)
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To: Mr. K

OH THE HUGE MANATEE!!!!!!!

Women and Children hit the hardest. This will disenfranchise minorities. Millions of jobs will be lost. Halliburton Halliburton!!!! Worst economy since Hoover. It is the extremists who are doing this.

Liberalism is in fact a mental disorder.


13 posted on 04/05/2011 9:50:40 AM PDT by EQAndyBuzz (Have you terrorized a terrorist today?)
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To: Ernest_at_the_Beach

Any cuts outside our borders or are cuts only on Americans?


14 posted on 04/05/2011 9:56:29 AM PDT by ex-snook ("Above all things, truth beareth away the victory")
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To: SMARTY
Liberals are terminally blind to the basic facts of how individuals become wealthy and independent … so how THIS NATION became wealthy and independent is a mystery to them, as well!!!

No, they're not blind. They want you poor and dependent. It keeps them in power and their wealthy sponsors in control.

15 posted on 04/05/2011 9:58:32 AM PDT by Carry_Okie (The RINOcrat Party is still in charge. There has never been a conservative American government.)
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To: Ernest_at_the_Beach

$6.2 trillion of future growth.

Remember this Congress does not bind future Congresses.


16 posted on 04/05/2011 10:00:16 AM PDT by GeronL (The Right to Life came before the Right to Happiness)
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To: Mr. K

Is it really necessary to use such language, and take the Lord’s name in vain on a conservative website?


17 posted on 04/05/2011 10:02:54 AM PDT by Lou L (The Senate without a fillibuster is just a 100-member version of the House.)
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To: Ernest_at_the_Beach
It's a good start, but need more.


18 posted on 04/05/2011 10:09:08 AM PDT by SouthTexas (Tea time!)
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To: Carry_Okie

I am convinced that Liberals do not comprehend wealth. For them... everyone who has a job is wealthy and has no right to more than the guy who can’t seem to get out of bed before 10:00 a.m.

For them, there is no stigma associated with an aversion to W O R K!!!!!


19 posted on 04/05/2011 10:09:11 AM PDT by SMARTY (Conforming to non-conformity is conforming just the same.)
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To: Ernest_at_the_Beach
It's a good start, but need more.


20 posted on 04/05/2011 10:09:18 AM PDT by SouthTexas (Tea time!)
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