Republicans are likely to have a tough time sticking to budget if they put into plan their idea of cutting government spending by nearly $6 trillion over the next ten years. Barack Obama would certainly have a thing or two to say to the creator of this idea, Paul Ryan (House Budget Committee Chairman) about this as well since it’s pretty contrary to his plans for government spending. Last year the President of the United States’ task force set out a figure of $4 trillion and his own budget plan was around six times lower!
Impact on US Medical Health Programs
If Ryan’s plan goes into effect from October 1 2011, this will have a huge impact on the country’s Medicaid and Medicare health programs and also put “hard caps on government spending and tax cuts.” Democrats won’t be happy about this but the plan will probably accrue “the support of the Republican-controlled House.”
What it will do to the country, its economy and the global financial crisis as a whole, remains to be seen.
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