Go Paul GO!!! With this craziness and the demographic shifts in the U.S., Democrats will be back in power in no time.
(Reuters) - The Republican’s 2012 budget plan will cut the deficit by more than $4 trillion over the next decade and will exceed goals of a presidential deficit commission, Representative Paul Ryan said on Sunday.
Ryan, chairman of the House of Representatives Budget Committee, said his budget blueprint, which will be released on Tuesday, will include deficit cuts that go further than the $4 trillion proposed by the commission.
“We’re looking at more than that right now,” he said on “Fox News Sunday.” “We’re fine tuning our numbers with the Congressional Budget Office literally today … but we’re going to be cutting a lot more than that.”
The deficit commission late last year backed a series of bold proposals to cut the deficit by $4 trillion over a decade by trimming tax breaks, raising the retirement age for Social Security and other politically unpopular proposals.
Ryan said his plan would put caps on discretionary spending over the next five years.
The Republican said his proposal would also tackle Medicare and Medicaid, programs for the retired and the poor, though he said the changes would not impact anyone already over retirement age.