House GOP Proposes Austere, Balanced Budget

This is an archived article and the information in the article may be outdated. Please look at the time stamp on the story to see when it was last updated.
paul ryan

Paul Ryan speaking at a campaign stop during the 2012 Presidential Election. (Courtesy CNN)

WASHINGTON (LA Times) – Reprising austerity themes that define the party, House Republicans unveiled a budget proposal Tuesday that they say would achieve the ambitious goal of balancing in 10 years, but it has no chance of acceptance by Democrats in what is largely an opening bid in talks with President Obama.

House Budget Committee Chairman Paul D. Ryan of Wisconsin, the former GOP vice presidential nominee and the party’s most influential budget guru, resumed his effort to revamp Medicare and other social safety net programs, bolster the Pentagon and dramatically lower tax rates to no more than 25% for individuals and corporations.

The blueprint will reignite a debate over the proper size and scope of government, which Republican leaders are eager to have, but which Democrats insist was resolved when voters returned Obama to the White House in November over Mitt Romney and Ryan.

Democrats are preparing to introduce a counterproposal this week as Obama resumes his charm offensive on Capitol Hill in search of a “common sense” caucus of lawmakers willing to set aside partisan ideology to tackle the nation’s budget problems. Over the next three days, Obama plans to meet separately with Democrats and Republicans in the House and Senate.

 

Read more at LATimes.com.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s