JBond
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On one side we have reform and a reduction in asinine spending and on the other we have class warfare, a desire to punish successful people, and even more spending.
House Republicans unveiled an ambitious cost-cutting plan Tuesday that would balance the budget in 10 years without raising taxes, while repealing ObamaCare and overhauling entitlements -- a document Democrats are sure to reject but could be used as a negotiating tool in talks with President Obama.
Rep. Paul Ryan, R-Wis., chairman of the House Budget Committee, is sticking by controversial proposals, including one to give future Medicare retirees the option of using government payments for private health care plans.
In response, the White House issued a statement complaining that the plan does not include tax increases for top earners and said the president believes it is the "wrong course for America."
Senate Democrats promise to offer a counterproposal on Wednesday with higher spending on domestic programs and additional tax hikes on top of the higher rates imposed on top-bracket earners in January. Fox News confirms that the plan aims to achieve $1.85 trillion in deficit reduction over the next decade, half through spending cuts and half through tax hikes on top earners.
Read more: http://www.foxnews.com/politics/201...amacare-aims-to-balance-budget/#ixzz2NLgO72qE