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Tuesday
Mar202012

Republicans Propose Budget That Would Cut Deficit In Half

REUTERS

In an election year budget move, House Republicans have proposed a budget that would halve the deficit.

House Republicans unveiled an ambitious plan on Tuesday to cut and simplify taxes, slash spending and make a fresh run at overhauling the Medicare health program in a bid to draw a stark election-year contrast between their budgetary vision and that of President Barack Obama.

 

The Republican budget plan would produce deficits totaling $3.13 trillion over the next 10 years -- less than half the $6.39 trillion in deficits the Congressional Budget Office says Obama's fiscal 2013 budget plan would rack up.

 Putting numbers in black and white, reveals the gigantic cost of ObamaCare.

The Republican budget achieves much of its deficit-reduction goals through savings gained by dismantling Obama's 2010 healthcare reform law and by turning social safety net programs like food stamps and the Medicaid program for the poor into block grants for states.

Although there may be no actual possibility of such a good sense budget actually passing, it certainly exposes the financial lunacy of the left and offers a glimmer of hope to Americans that not all in Washington D.C. have lost their minds.

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Reader Comments (9)

Good as that is, the Republican plan still flies in the face of constitutionality, by insisting upon the federal government continuing to tax and spend on social programs that are not within its purview.

The goal needs to be a balanced budget, of course. But every journey begins with the first step. At least the Republicans are proposing something.

March 20, 2012 at 12:44 | Unregistered CommenterRedBeard

No thanks. I'd prefer to reduce the deficit by closing corporate tax loopholes, raising capital gains taxes, instituting a financial transactions tax and letting the Bush tax cuts for the rich expire. Not Ryan's way - reducing deficit at the expense of medicare, social security and other federal social programs that help the poor and middle class.

March 20, 2012 at 14:09 | Registered CommenterChoy Lee Mu

Sheeeyet, ain't nothin the democrats have done in the last one hundred years that has helped anybody cept maybe the democrats in Washington get rich and maintain power. And yes there has been way too much spill over into the other aisle as well.

March 20, 2012 at 15:10 | Registered CommenterTijuana

Choy;

Besides putting the country in a depression you "might" raise a trillion dollars over ten years. We're projected by 2022 to be $25 trillion in debt. Nice try.

March 20, 2012 at 16:57 | Unregistered CommenterThomas Miller

"Dependence begets subservience and venality, suffocates the germ of virtue, and prepares fit tools for the designs of ambition." -- Thomas Jefferson

"I am for doing good to the poor, but I differ in opinion of the means. I think the best way of doing good to the poor, is not making them easy in poverty, but leading or driving them out of it. In my youth I travelled much, and I observed in different countries, that the more public provisions were made for the poor, the less they provided for themselves, and of course became poorer. And, on the contrary, the less was done for them, the more they did for themselves, and became richer." -- Benjamin Franklin

"The State is great fiction by which everyone seeks to live at the expense of everyone else." -- Frederic Bastiat

"Of all tyrannies a tyranny exercised for the good of its victims may be the most oppressive. It may be better to live under robber barons than under omnipotent moral busybodies. The robber baron's cruelty may sometimes sleep, his cupidity may at some point be satiated; but those who torment us for our own good will torment us without end for they do so with the approval of their own conscience. They may be more likely to go to Heaven yet at the same time likelier to make a Hell of earth. This very kindness stings with intolerable insult. To be 'cured' against one's will and cured of states which we may not regard as disease is to be put on a level of those who have not yet reached the age of reason or those who never will; to be classed with infants, imbeciles, and domestic animals. But to be punished, however severely, because we have deserved it, because we 'ought to have known better,' is to be treated as a human person made in God's image." -- C.S. Lewis

"Democracy extends the sphere of individual freedom, socialism restricts it. Democracy attaches all possible value to each man; socialism makes each man a mere agent, a mere number. Democracy and socialism have nothing in common but one word: equality. But notice the difference: while democracy seeks equality in liberty, socialism seeks equality in restraint and servitude." -- Alexis de Tocqueville

"Nip the shoots of arbitrary power in the bud, is the only maxim which can ever preserve the liberties of any people. When the people give way, their deceivers, betrayers, and destroyers press upon them so fast, that there is no resisting afterwards. The nature of the encroachment upon the American constitution is such, as to grow every day more and more encroaching. Like a cancer, it eats faster and faster every hour. The revenue creates pensioners, and the pensioners urge for more revenue. The people grow less steady, spirited, and virtuous, the seekers more numerous and more corrupt, and every day increases the circles of their dependents and expectants, until virtue, integrity, public spirit, simplicity, and frugality, become the objects of ridicule and scorn, and vanity, luxury, foppery, selfishness, meanness, and downright venality swallow up the whole society. " -- John Adams

March 20, 2012 at 20:01 | Unregistered CommenterRedBeard

Good post RB.

Note: chooey only used the word "tax" four times in a two sentence paragraph. Must be slipping.

The next best thing to raising taxes to solve this CRISES is to print more money. Yeah, that's the ticket. Oh, wait a minute... anybody notice the cost of a loaf of bread lately. Keep those paper mills a churning mr. prez. Youdaman.

March 21, 2012 at 10:57 | Registered CommenterTijuana

Liberals would respond but they don't produce budgets, they just pull numbers out of their arse.

March 21, 2012 at 15:32 | Unregistered CommenterThomas Miller

Maybe the Dems still looking through the bill and trying to determine how they'll be able to label this plan as racist or sexist in some way (not that lack of proof will stop them from saying such).... or maybe they're just too busy thinking up new and creative ways to call the GOP "flat-earthers".

March 22, 2012 at 10:41 | Registered Commenterskinnydipinacid

An old lady went to a lecture about the solar system.. Afterward, there was a question and answer session. The old lady asked the lecturer how he could say such things as he did, given the fact that the earth is flat, and rests on the back of a giant turtle. The lecturer rolled his eyes, and sarcastically said, "Ma'am, can you please tell us what is under the turtle?" To which the old lady replied, "You think you're going to trick me, don't you, you young whippersnapper? Well, it won't work, because I know it's turtles all the way down."

March 22, 2012 at 14:56 | Unregistered CommenterRedBeard

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