March 17, 2015

IT WOULD BE AESTHETICALLY PLEASING...:

House GOP Budget Would Wipe Out Deficit in 10 Years (ERIC PIANIN, 3/17/15, The Fiscal Times)

House Republicans on Tuesday morning unveiled their fiscal 2016 budget plan designed to wipe out the deficit within 10 years. It would reduce spending by $5.5 trillion and overhaul key entitlement programs, including Medicare and Medicaid.

The budget blueprint, to be formally presented by House Budget Committee Chair Tom Price (R-GA), will keep spending caps imposed by the 2011 Budget Control Act. This is despite calls from President Obama and many congressional Democratic and Republican defense hawks to remove spending restrictions on domestic and defense programs.

...but likely catastrophic for the global economy, which requires our debt.  Fortunately the coming wave of entitlement reforms should generate sufficient debt.

Posted by at March 17, 2015 8:21 PM
  

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