The Wall Street Journal editorializes, “President Obama often claims he wants to cut the budget smartly, using a ‘scalpel’—not a meat axe, machete, cleaver or chainsaw, to list a few of his favorite metaphors. He'll need a more inspired term to describe what he's now doing to Medicare Advantage, perhaps napalm or WMD.
Last week when House Budget Committee Chairman Paul Ryan released his budget plan, the Washington Post tried to encapsulate the document in one single chart - "The Ryan Budget, in One Chart" - which shows the percentage change relative to the CBO baseline, illustrating a steep decline in "Medicaid/Other Health" spending. But does Rep. Paul Ryan's budget really impose "draconian cuts?"
Bloomberg reports, “President Barack Obama will send his fiscal 2014 budget to Congress the week of April 8, an administration official said today, more than two months late. The president’s spending blueprint was due on Feb. 4. The administration said last month that the debate over taxes and spending at the end of last year, combined with across-the-board spending cuts that kicked in March 1, would delay its release.
At first look, the budget unveiled today by House Budget Committee Chairman Paul D. Ryan (R-WI) advances much-needed reforms and importantly accomplishes the crucial goal of balancing the budget within the decade, though this is partially on the coattails of Obama’s tax increases. Not a silver bullet, it is more of a stasis budget, rather than a bolder plan that builds on the reforms of previous years.
The growing national debt demands immediate attention and real solutions from America’s elected leadership. That was the message delivered yesterday by a group of young Americans at a press conference with House Budget Committee Chairman Paul Ryan (R-WI) and Representative Cathy McMorris Rodgers (R-WA)
“The CBO’s report is yet another warning that we need to get spending under control. The deficit is still unsustainable. By 2023, our national debt will hit $26 trillion. We can’t let that happen. We need to budget responsibly, so we can keep our commitments and expand opportunity.