UNDATED (WSAU) Janesville House leader Paul Ryan defends proposing a federal budget with many of the ideas that voters rejected when he and Mitt Romney ran on last year’s White House ticket. Ryan – who chairs the House Budget Committee – said he knows what it means to lose a national election, but it does not mean that Republicans should surrender their principles.
With a divided Congress – a Republican House and a Democratic Senate – Ryan says the G-O-P needs to put up its vision. The budget blueprint that Ryan proposed yesterday would eliminate federal deficits in 10 years – sooner than his two previous budgets. The House could approve Ryan’s budget next week. It’s been several years since the Senate has approved any budget.
Ryan’s new plan dramatically cuts health care spending for the poor and elderly, by turning Medicaid into a state block grant program and Medicare into a voucher program. It also includes slight new limits on defense spending with no major cuts. It would lower tax rates but would not scale back the $600-million income tax hike for the wealthy adopted in early January. Ryan says his package would save $4.6-trillion dollars, with spending increases that are one-point-six percent less than what’s authorized.
His budget would also eliminate the Obama health care reform act. Ryan said quote, “People are really going to sour on this law when all the gory details unfold.” But freshman House Democrat Mark Pocan of Madison says Ryan’s budget shows a lack of realism.