Politics News Alert

Ryan proposes plan to balance budget in 10 years

Rep. Paul Ryan released a spending plan today that would balance the budget, producing a small surplus in 2023 — a goal achieved not primarily through deeper spending cuts, but by the addition of more than $3.2 trillion in new tax revenue. Ryan's budget would defund President Obama's health-care initiative, end guaranteed Medicare coverage for future retirees and sharply restrain spending on the poor, college students and federal workers.

Read more at:
http://www.washingtonpost.com/business/economy/ryan-budget-plan-combines-old-cuts-new-tax-revenue/2013/03/12/d5ab0358-8b09-11e2-b63f-f53fb9f2fcb4_story.html

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