US Republican budget plan would cut $5.8 trln in 10 yrs
WASHINGTON, April 4 |
WASHINGTON, April 4 (Reuters) - A Republican budget plan due to be unveiled on Tuesday would cut $5.8 trillion from U.S. spending over the next 10 years, a congressional aide familiar with the proposal said on Monday.
The plan, which would take effect when the next fiscal year starts on Oct. 1, is expected to propose sweeping changes to the Medicare and Medicaid health programs, as well as hard caps on government spending and tax cuts. (Reporting by Andy Sullivan; editing by Eric Beech)
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Comments (77)
BigErn77 wrote:
Good!
mrcolley wrote:
This sounded like a great plan to me until I looked at the CBO projections for the next 10 years: $6.36 trillion deficit. So even with this dramatic cut, we would still add to the debt over the next 10 years. Sad…
http://www.cbo.gov/doc.cfm?index=12039
neidermeyer wrote:
Now THAT’S what I’m talking about!
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