Thursday, 27 October 2011

US Republicans Call for $2 Trillion in Spending Cuts

Republicans in the U.S. Congress are calling for $2.2 trillion in deficit-reduction cuts, including significant cuts to healthcare programs for the elderly and poor, along with tax changes that they argue would boost the economy, congressional aides said Thursday..

                                   The plan offered by Republicans, who serve on a congressional "super committee" tasked with slashing deficits [cnbc explains] , calls for cuts to the Medicare and Medicaid health programs for the poor and elderly and other health and welfare programs.
In contrast to a Democratic plan that has an almost even balance between spending cuts and tax increases, House of Representatives Speaker John Boehner told reporters the focus should be almost exclusively on cutting benefit programs. He also rejected the idea of additional defense spending cuts.
"When you look at what is yet to be done by the super committee, almost all of that is going to fall in the area, I think, of mandatory spending, which is more than two-thirds of the budget. It is time for us to do our work there," Boehner told reporters.

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