Posted: Apr 2, 2014 6:56 AM by Andrew Taylor
Updated: Apr 2, 2014 7:21 AM
Source: Associated Press
WASHINGTON, D.C. - House Republicans are pressing ahead with a plan to try to balance the budget within 10 years, relying on big decreases in health care programs for the middle class and the poor, as well as tax hikes and Medicare cuts engineered by President Barack Obama.
The GOP fiscal plan by House Budget Committee Chairman Paul Ryan promises $5.1 trillion in spending cuts over the coming decade and incorporates the pro-growth effects of deficit reductions to bring the government's chronically unbalanced books into the black by 2024.
The Wisconsin Republican's moves promise to balance the government's books with wide-ranging cuts to programs like food stamps and government-paid health care for the poor and working class. It's a nonstarter with Obama.
The measure should ease through the House budget panel Wednesday.