GOP Shows What A Responsible Budget Looks Like

[Geee]

Investors Business Daily:

Fiscal Policy: The House Republican budget is a stark contrast to the president's reckless tax-and-spend plan and showcases reforms that are possible if he didn't stand in the way.

 

President Obama's budget, summed up: More taxes ($1.8 trillion), more spending ($547 billion), more debt (about $6 trillion), and no hard choices. Nothing on entitlement reform, tax reform, regulatory reform or anything else that Washington ought to be addressing.

 

The House budget, in contrast, eliminates annual deficits in less than a decade — without higher taxes — and does so by targeting the real problem: out-of-control entitlement spending. It would turn Medicare into a premium support program and Medicaid into block grants to states. It would kill ObamaCare, which alone saves about $2 trillion over the next decade. And it keeps control on overall discretionary spending while adding needed funds to the Defense Department