Tuesday, March 17, 2015

House GOP budget cuts $5.5T in spending, balances in nine years















◼ Repeal and Replace is unveiled - The Hill

House Republicans are offering a budget Tuesday that would balance in nine years and cut $5.5 trillion in projected spending over the next decade.

The budget would keep spending ceilings under a 2011 budget deal in place, but would provide as much as $90 billion in additional war funding — much more than the $51 billion proposed by President Obama.

House Budget Committee Chairman Tom Price’s (R-Ga.) blueprint repeals ObamaCare and proposes a premium support system for Medicare similar to the one proposed in previous House budgets by Rep. Paul Ryan (R-Wis.), Price’s predecessor.

It does not touch Social Security but proposes that a bipartisan commission study the entitlement program’s problems and then submit proposals to Congress.









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