1stRambo
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- Feb 8, 2015
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Yo, "Republican budget cuts social spending, boosts military"
BY DAVID LAWDER
WASHINGTON Tue Mar 17, 2015 3:46pm EDT
(Reuters) - U.S. House Republicans on Tuesday proposed higher defense spending and deep cuts to social services including healthcare for the poor in an aggressive new budget plan that seeks to eliminate deficits by 2024.
The non-binding blueprint from House Budget Committee Chairman Tom Price, which is very unlikely to become law as is, proposes $5.468 trillion in spending cuts and interest savings over 10 years compared to current policies.
Like the budgets of Price's predecessor, Representative Paul Ryan, the document assumes $2 trillion in 10-year savings from full repeal of the Affordable Care Act, President Barack Obama's signature healthcare reform law - a move that Obama has vowed to reject.
Price's plan also recycles Ryan's prescription for controversial changes to the Medicare health program for seniors, turning it into a system of subsidies for private insurance, affecting those born in 1959 or later.
Republican budget cuts social spending boosts military Reuters
"GTP"
"OBAMA SUCKS"
BY DAVID LAWDER
WASHINGTON Tue Mar 17, 2015 3:46pm EDT
- Plan to boost war budget will not fix Pentagon funding woes: officials
- Beefing up war spending not right solution to budget woes: Pentagon
- House Republicans take aim at Dodd-Frank in budget plan
- Obama: Republican budget proposal does not 'reflect the future'
(Reuters) - U.S. House Republicans on Tuesday proposed higher defense spending and deep cuts to social services including healthcare for the poor in an aggressive new budget plan that seeks to eliminate deficits by 2024.
The non-binding blueprint from House Budget Committee Chairman Tom Price, which is very unlikely to become law as is, proposes $5.468 trillion in spending cuts and interest savings over 10 years compared to current policies.
Like the budgets of Price's predecessor, Representative Paul Ryan, the document assumes $2 trillion in 10-year savings from full repeal of the Affordable Care Act, President Barack Obama's signature healthcare reform law - a move that Obama has vowed to reject.
Price's plan also recycles Ryan's prescription for controversial changes to the Medicare health program for seniors, turning it into a system of subsidies for private insurance, affecting those born in 1959 or later.
Republican budget cuts social spending boosts military Reuters
"GTP"
"OBAMA SUCKS"