Ryan Budget Would Cut Food Stamps and Medicaid Deeply
By JONATHAN WEISMAN, NYT, APRIL 1, 2014
WASHINGTON — Representative Paul D. Ryan of Wisconsin on Tuesday will lay out a tough, election-year budget that purports to come into balance by 2024, in large part through steep cuts to Medicaid and food stamps and the full repeal of President Obama’s health care law, just as millions begin to see its benefits.
But even with those cuts, Mr. Ryan, the House Budget Committee chairman, is counting on a boost of economic growth to balance the budget, a boost he says will be gained by reducing the deficit. Many economists believe such dramatic spending cuts — especially those affecting the poor — would have the opposite effect, slowing the economy and lowering tax receipts.
“This budget stops spending money we don’t have,” writes Mr. Ryan, the Republican party’s vice-presidential nominee in 2012 and a possible presidential contender in 2016. “A balanced budget will foster a healthier economy and help create jobs. This will ensure the next generation inherits a stronger, more prosperous America.”
The budget resolution, which will be formally adopted by Mr. Ryan’s committee on Wednesday, will serve more as a 2014 Republican campaign manifesto than a legislative agenda. Spending levels for this fiscal year and next were fixed into law in the budget plan approved in December.
(More here.)
WASHINGTON — Representative Paul D. Ryan of Wisconsin on Tuesday will lay out a tough, election-year budget that purports to come into balance by 2024, in large part through steep cuts to Medicaid and food stamps and the full repeal of President Obama’s health care law, just as millions begin to see its benefits.
But even with those cuts, Mr. Ryan, the House Budget Committee chairman, is counting on a boost of economic growth to balance the budget, a boost he says will be gained by reducing the deficit. Many economists believe such dramatic spending cuts — especially those affecting the poor — would have the opposite effect, slowing the economy and lowering tax receipts.
“This budget stops spending money we don’t have,” writes Mr. Ryan, the Republican party’s vice-presidential nominee in 2012 and a possible presidential contender in 2016. “A balanced budget will foster a healthier economy and help create jobs. This will ensure the next generation inherits a stronger, more prosperous America.”
The budget resolution, which will be formally adopted by Mr. Ryan’s committee on Wednesday, will serve more as a 2014 Republican campaign manifesto than a legislative agenda. Spending levels for this fiscal year and next were fixed into law in the budget plan approved in December.
(More here.)
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