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GOP Budget Unsettled Between Parties

Eric Parra |
March 12, 2013 | 7:35 p.m. PDT

Executive Producer

Obama made his first of four appearances scheduled this week to settle the GOP between arguing parties. (creative commons)
Obama made his first of four appearances scheduled this week to settle the GOP between arguing parties. (creative commons)

On Tuesday afternoon Democrats and Republicans met to renew their 2012 proposals and to offer their approaches in shoring up the government’s finances. 

Paul Ryan unveiled the current GOP plan, heavily relying on defunding President Obama’s Healthcare Act with saving of $4.63 trillion over 10 years and deep spending cuts to Medicare, education and other social programs, a direct opposition to the Democrats’ plan.

READ MORE: Paul Ryan Reveals GOP Budget Plan 

The conflict has led to and shown the distinct differences in agreement between the parties.

From The New York Times:  

“The Republican plan sets out to balance the budget in a decade and would cut spending by $4.6 trillion through 2023, in large part by rolling back many of Mr. Obama’s signature legislative accomplishments…The Democrats’ budget plan will not call for adjusting the way inflation is calculated as a way to lower the future cost of those benefits, though Mr. Obama has said such a change should be on the table in talks with Republicans.”

Neither plan is in agreement with Paul Ryan’s GOP plan, “but in many ways, the two parties seemed to be working in parallel universes…a reminder of how far apart they remain on fiscal policy even as both sides insist publicly that a bipartisan compromise is possible.”

President Obama had to step in and make a public appearance to explore the different ways that both parties could agree with each other and rearrange the budget, which has been deadlocked for most of the previous five years. 

From Politcio

“The White House balked at the plan. ‘By choosing not to ask for a single dime of deficit reduction from closing taxloopholes for the wealthy and well-connected, this budget identifies deep cuts to investments like education and research – investments critical to creating jobs and growing the middle class," White House spokesman Jay Carney said Tuesday. "And to save money, this budget would turn Medicare into a voucher program — undercutting the guaranteed benefits that seniors have earned and forcing them to pay thousands more out of their own pockets. We've tried this top-down approach before. The president still believes it is the wrong course for America.’”

Meanwhile, Republicans argue that their plans should not be given up simply because of the election results. Paul D. Ryan of the House Republicans was quoted, ““We think we owe the country a balanced budget. We think we owe the country solutions to the big problems that are plaguing our nation: a debt crisis on the horizon, a slow-growing economy, people trapped in poverty. We’re showing our answers.”

The argument continues as both parties disagree, but Paul Ryan’s GOP plan will stand until an agreement has settled. 

 

 

Reach Executive Producer Eric Parra here.



 

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