Paul Ryan has a budget that would reduce the deficit. Ryan's proposalÂ assumes that President Obama's health care law will not be in the budget, but that being said it reduces spending by $6.2 trillion over the next decade.
With the threat of the government shutting down on Friday, will the administration listen to Ryan's plan? Ryan's budget proposalÂ calls for a cut in spending of $1.4 trillion.Â According to The Huffington Post, "The Wisconsin Republican's budget spends less on nearly every major category of the budget. Over the next decade, Ryan (R-Wis.) wants to cut $389 billion from Medicare, the public health insurance program for seniors. Over the same period, Ryan's budget puts $735 billion less toward Medicaid, which benefits Americans too poor to afford private insurance."
Paul Ryan's budget proposal basically calls for reduction in spending over the next ten years. It decreases spending while maintaining military and social security. At a time when Americans on Main Street are asked to cut back, it only makes sense that the government is asked to do the same. Ryan's budget is getting a lot of attention, and it may save the government from another shutdown.
The most interesting aspect of the plan is that it cutsÂ $40 trillion over the next decade while Obama's budget increases revenues to $34.8 billion. Paul Ryan's budget sounds too good to be true, but the truth is it is just basic economics. The government and this administration cannot continue to have free run with America's money.