The Enlightened Wanderer

The Enlightened Wanderer
The Enlightened Wanderer

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Sunday, April 1, 2012

The House approves $3.5 trillion Budget Plan



A Few days ago I came across an article that discussed the new budget that has just pass a house vote.   In the very divided congress we currently have today in our government, the republican controlled House of Representatives passed a there version of next year’s bill, in which voting was heavily based on party lines.  The new budget for next year was introduced by congressman Paul Ryan (R-Wis.1st) would equate to about $3.5 trillion dollars in spending.

In congressman Ryan’s bill he proposes:

The Ryan plan, which proposes cutting tax rates and a dramatic revamping of Medicare to curb costs for future retirees, faces all but certain rejection in the Senate but will frame the parties’ election-year debate on fiscal issues. The plan cuts $5.3 trillion over the next decade — entirely through deep cuts in entitlements and agency spending.
And as the voting breakdown as you are all aware were based on party lines with some republicans voting against the proposed budget:
The House vote breakdown was 228 Republicans in favor, and 181 Democrats and 10 Republicans opposed.
After the vote, Republicans ground out press releases praising the vote for proposing “real solutions” to improve the economy. Democrats responded with a round of statements decrying the GOP effort to revamp Medicare.
Overall, I still believe that the budget is too high and that we should cut back, and I believe I will continue to feel this way until I see that our government is safe and secure in terms of our budget.  But I like the steps that the government is taking to lower our current budget deficit, so that our future generations may have a chance to have a government without debt.

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