Comparing the Obama – Ryan Budget Proposals
When lawmakers talk of reducing the deficit they are not talking about the nation’s debt. Neither plan balances the budget…Obama proposes a combination approach in budget cuts, tax increases, and closing tax loopholes and talks of sharing the sacrifice among society. Ryan proposes making the Bush era tax cuts, extended by Obama, permanent plus reducing Fed revenue even more by cutting the top tax rate for individuals and corporations and focuses strictly on budget cuts to achieve his projections. The cuts he proposes shift the burden to seniors and other sectors of society impacted by the cuts…In relation to the debt neither plan puts the U.S on a more sustainable path...
April 25, 2011