Tuesday, April 5, 2011

Paul Ryan/GOP unveil proposed 2012 budget today-WSJ

Paul Ryan: “America is facing a defining moment. The threat posed by our monumental debt will damage our country in profound ways, unless we act…"

Summation of what the proposed budget would accomplish: “It cuts $6.2 trillion in spending from the president's budget over the next 10 years, reduces the debt as a percentage of the economy, and puts the nation on a path to actually pay off our national debt. Our proposal brings federal spending to below 20% of gross domestic product (GDP), consistent with the postwar average, and reduces deficits by $4.4 trillion.”

Find the Wall Street Journal Article here.

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