FINALLY IT'S ABOUT TIME: President Ryan gives massive US plan to cut deficit $4.1T

Glory to Ryan, President of USSA, Comes out with Major Plan, while Obongo complete fails.

Preeeeessssiiideeennnttt Ryyyyyaaaannn. Healed the people with his mighty hand. Glory to Ryan, President of all!!!

http://www.usatoday.com/story/news/...-medicare-spending-house-republicans/1980813/

WASHINGTON — House Republicans unveiled a budget Tuesday that would balance the nation's books in 10 years without raising taxes but by eliminating President Obama's health care law, revamping Medicare for future retirees and creating just two tax brackets for individuals -- 10% and 25%.

By cutting $4.6 trillion in current spending over the next decade, the budget would achieve balance between what the government spends and what it collects in revenues by 2023.

"For the third straight year, we've delivered," House Budget Committee Chairman Paul Ryan, R-Wis., said Tuesday at a news conference. Since taking control of the House in 2010, the GOP has approved a budget each year. The House is scheduled to approve Ryan's budget next week. The GOP budget is non-binding and does not have the force of law, but it serves as a philosophical document on the party's views on the size and role of the federal government.

The conservative blueprint stands no chance of gaining traction with Senate Democrats or Obama, but the plan is a starting point for renewed debate about how to balance the budget. Senate Democrats, for the first time since 2009, will unveil a competing budget Wednesday.

Senate Democrats will call for raising $1 trillion in new revenues while cutting $1 trillion in federal spending, but they have not offered any specifics ahead of Wednesday's release. Senate Budget Committee Chairwoman Patty Murray, D-Wash., will preview the budget to her Senate Democratic colleagues at a Tuesday meeting that Obama is scheduled to attend on Capitol Hill. The 50/50 ratio of taxes to cuts is on par with the president's call for "a balanced approach" for deficit reduction.

Key elements of the GOP budget include:

A balanced budget achieved in a decade by not allowing the government to spend more than it collects in revenue, which Republicans set at 19.1% of gross domestic product. By their measure, the federal government will spend $4.6 trillion less over the next decade that the government is currently on track to spend.

A 3.4% annual increase in spending each year, but Republicans estimate the economy will grow by a faster margin to help balance the books.

Cuts the growth of the public debt to an estimated $14.2 trillion by 2023 instead of the nearly $20 trillion estimated by the non-partisan Congressional Budget Office.
Authorizes construction of the 1,700-mile Keystone XL oil pipeline and estimates it would create 20,000 new jobs. A full repeal of Obama's health care law. Support for new laws to limit medical malpractice liabilities.

A fundamental overhaul of the Medicare system for future retirees. Starting in 2024, seniors would be given a federal subsidy to purchase health care from the private market, instead of the guaranteed benefit system that currently exists. It also calls for wealthy seniors to pay more for premiums.

Ryan's plan also keeps in place $716 billion in Medicare cuts in payments to providers included in the president's health care law to achieve balance. As a vice presidential candidate in 2012, Ryan opposed these cuts and attacked Obama for it in his convention speech. A transfer of power to states to determine how Medicaid and other funds should be spent on programs, including food stamps. An increase in defense spending over current law. A plan to transform the tax code to simplify it from seven individual tax brackets to two, as well as a repeal of the Alternative Minimum Tax. A 25% corporate tax rate. A requirement that the president and Congress offer respective proposals for the long-term solvency of Social Security.

The outline is similar to the two previous budgets offered by House Republicans. Ryan acknowledged that their Medicare proposal is politically sensitive.

"The other side will demagogue this issue. But remember: Anyone who attacks our Medicare proposal without offering a credible alternative is complicit in the program's demise," he wrote in a column published in Tuesday's Wall Street Journal.

In a statement, the White House criticized the Ryan plan as one that would disproportionately hurt the middle class and protect the wealthy. The White House also made clear they would oppose Ryan's Medicare overhaul. "This budget would turn Medicare into a voucher program undercutting the guaranteed benefits that seniors have earned and forcing them to pay thousands more out of their own pockets," they said. "The president still believes it is the wrong course for America."

Senate Democrats are likewise on track to vote on their budget next week. The president has not yet sent his budget request to Congress. It is not expected until early April.

The two chambers are unlikely to reconcile the competing budget plans, but approval in the House and Senate by April 15 will ensure that lawmakers can still collect their paychecks.

 

If I was the King of America, I would accept Ryan's plan.

 

I can't say I agree with all of it, but it's a start.

 

this plan gives the wealthiest individuals and corporations an additional 7 trillion in tax cuts in over ten years while slashing most social safetynet programs which will result in millions of poor losing access to food stamps and health care. Stomp the poor and middle class to pay for more taxcuts for the rich.

 

It's not a plan. It's grandstanding. He fancies himself the heir apparent.

 

That would send us straight in to a depression... which is why they'll never do it. I actually would like to see them try and see what kind of spin the Republican's can come up with for the reason why our country is being destroyed. Lol!

 

He had a similar plan BEFORE the 2012 Election.....


which is why he's not Vice-President today.

 

The thing is, they would do it if they had control of the Senate and the Presidency. These people are deadly serious, they want to turn this nation into a third world country, all in service to transferring the wealth of this nation to the total control of their patrons, the top 1% such as the Koch Bros. et. al.