Rep. Paul Ryan Plans $6.2 Trillion Spending Cut (Budget PDF, CNBC)

I embedded the House Budget Committee's Fiscal Year 2012 Budget Resolution, Rep. Paul Ryan's appearance on CNBC, and a 3-minute video showing a visualization of the House Republican's budget. The budget plans to cut "$6.2 trillion in government spending over the next decade compared to the President’s budget, and $5.8 trillion relative to the current-policy baseline." It targets Medicare, Medicaid, corporate welfare (Fannie Mae, Freddie Mac, energy and farm subsidies), the tax code and new health care law. I linked to articles, counterpoints and President Obama's Budget for Fiscal Year 2012 below. Thoughts?


"Republican Budget Plan to Eliminate National Debt: Paul Ryan"







Path To Prosperity FY 2012 Budget Resolution

Articles, counterpoints and Obama's budget:

President Obama's Budget for Fiscal Year 2012 - http://www.whitehouse.gov/omb/budget

LONG-TERM ANALYSIS OF A BUDGET PROPOSAL BY CHAIRMAN RYAN - Congressional Budget Office (http://www.cbo.gov/ftpdocs/121xx/doc12128/04-05-Ryan_Letter.pdf)

Fact-checking the Ryan budget plan - Washington Post (Glenn Kessler)

Muni-Tax Exemption on Chopping Block - WSJ

Reform Threatens Munis - Bond Buyer (sub)

CBO: GOP budget raises health costs for retirees - AP

Republicans Target Health Care Spending to Cut Deficit More Than Obama - Bloomberg

Groundhog Day on the Budget - NY Times (Paul Krugman)

Guest Post: Paul Ryan's Budget Arithmetic Makes No Sense - Zero Hedge (Nomi Prins)