Paul Ryan’s budget

Paul Ryan and most Republicans are making very large cuts in spending in their new budget:

Republicans said the budget represented an honest attempt to tackle the nation’s growing trouble with debt.

“We have an obligation, not just a legal obligation, but a moral obligation to do something about it,” Ryan said on the House floor Wednesday.

They have even hit hard at Defense (via here):

House Budget Committee Chairman Paul Ryan (R-Wis.) expressed skepticism Thursday that U.S. military leaders were being honest in their budget requests to Congress.

“We don’t think the generals are giving us their true advice,” Ryan said during a forum on the budget sponsored by the National Journal. “We don’t think the generals believe their budget is really the right budget. 

I’m kidding of course:

The comments were in response to a question from National Journal managing editor Kristin Roberts, who asked Ryan why the committee chose “to go against the advice of the generals” in rolling back $487 billion in proposed cuts to the Pentagon’s budget over the next decade.

That’s right, reducing the deficit might be a moral problem but the Defense Budget still needs to be higher than what the department asked for. Oh, he also decides that the generals who put together the budget are liars:

“You don’t believe the generals?” Roberts asked.

“What I believe is this budget does hollow out defense,” Ryan responded. “I believe this budget goes beyond where we should go to keep people safe.”

“I think there’s a lot of budget smoke and mirrors in the Pentagon’s budget,” Ryan added, saying his proposal was an “honest Pentagon budget.”

I’m not going to say much else about Ryan’s budget ‘plan’ because there really isn’t much there yet. For example, it talks about closing tax loopholes in general but nothing specific yet (will it get rid of the mortgage deduction,  tax capital gains at regular tax rates–again, I kid). On the other hand, it does specifically say that tax rates will be reduced at the top.

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