Natalie Gonnella
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As Democrats continue their attack on the House GOP's fiscal strategy, on The Weekly Standard's blog today Jeffrey H. Anderson provides a fantastic (and very clear) breakdown of the enormous difference between Representative Paul Ryan's and President Obama's 2012 budget plans.
According to Anderson, without even considering Medicare reform, and focusing specifically on the next decade, Ryan's "Path to Prosperity" saves "a cool" $1 billion a day more than the President's latest proposal.
And, even more astonishing, Anderson adds that:
To be a bit more exact, Ryan’s budget would actually save another $201 million a day on top of that. So the overall daily difference between Ryan’s and Obama’s budgets, rounded to the nearest million, would be $1,201,000,000.00.
To break it down just a bit more, in relation to Obama’s budget, the Ryan-authored House budget would save $253 million a day in non-security discretionary spending, $201 million a day in Medicaid spending, $264 million a day in interest payments on the debt, and $384 million a day from repealing Obamacare.
If you add up all of the savings in these and other areas, the difference in overall spending would actually be $1.702 billion a day.
A billion dollars+ a day in savings (or spending) is a humungous difference, and with the country hitting the debt limit on Monday and American economic concerns at a two year high, US voters would do well to take notice.
Anderson's full post (with links to the relevant budgetary tables) is available to view here.
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