GOP Agrees To Budget Plan
On a party-line vote, the House of Representatives passed a Republican 2012 budget proposal which aims to start the country down the path of deficit reduction, but which Democrats warn will gut a vital safety net for seniors.
The House voted 235-193 to approve the plan by Rep. Paul Ryan, R-Wis., chairman of the House Budget Committee, though its future beyond that is uncertain. Still, Republicans say the country is on the precipice and they have no other choice but to start slashing trillions in future spending.
"The greatest danger that America faces today is doing nothing," House Speaker John Boehner said Friday before a vote on the RSC plan and a Democratic alternative.
The Ryan plan "is the strongest step we could take today, and we are going to take it," Boehner said.
Ryan's budget aims to cut $6.2 trillion in spending over 10 years, and reduce the deficit by more than $4 trillion. With $14 trillion in debt already on the books, government spending on the course it stands now aims to add another $6.7 trillion in debt over 10 years.