tangent4ronpaul
04-10-2011, 10:45 AM
PUNT!
http://www.aolnews.com/2011/04/10/obama-to-lay-out-new-spending-plan-to-cut-deficit/
President Obama will lay out new plans this week to reduce the federal deficit in part by seeking cuts to government programs for seniors and the poor,
"You're going to have to look at Medicare and Medicaid and see what kind of savings you can get,"
The president, Plouffe said, would address ways to reduce the deficit and the long-term, $14 trillion debt. He gave few specifics, but he said the president believes taxes should go up on higher-income Americans and that cuts to Medicare and Medicaid will be necessary.
Republicans said Friday night's deal in no way means they're ready to compromise on the fiscal debates ahead, starting with the House Republicans' $3.5 trillion spending plan for next year.
The GOP blueprint, unveiled last week by Budget Committee Chairman Paul Ryan, R-Wis., would slash federal spending by $5 trillion or more over the coming decade and repeal Obama's signature health care law. It would leave Social Security untouched but shift more of the risk from rising medical costs from the government to Medicare beneficiaries. It also calls for sharp cuts to Medicaid health care for the poor and disabled and to food aid for the poor.
http://www.aolnews.com/2011/04/10/obama-to-lay-out-new-spending-plan-to-cut-deficit/
President Obama will lay out new plans this week to reduce the federal deficit in part by seeking cuts to government programs for seniors and the poor,
"You're going to have to look at Medicare and Medicaid and see what kind of savings you can get,"
The president, Plouffe said, would address ways to reduce the deficit and the long-term, $14 trillion debt. He gave few specifics, but he said the president believes taxes should go up on higher-income Americans and that cuts to Medicare and Medicaid will be necessary.
Republicans said Friday night's deal in no way means they're ready to compromise on the fiscal debates ahead, starting with the House Republicans' $3.5 trillion spending plan for next year.
The GOP blueprint, unveiled last week by Budget Committee Chairman Paul Ryan, R-Wis., would slash federal spending by $5 trillion or more over the coming decade and repeal Obama's signature health care law. It would leave Social Security untouched but shift more of the risk from rising medical costs from the government to Medicare beneficiaries. It also calls for sharp cuts to Medicaid health care for the poor and disabled and to food aid for the poor.