Home From the Wires Paul Ryan unveils $4.6T plan to cut the deficit

Paul Ryan unveils $4.6T plan to cut the deficit

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Tuesday, March 12, 2013

USA Today: House Republicans unveiled a budget to balance the U.S. budget in 10 years without raising taxes, but by repealing President Obama's health care law.

"For the third straight year, we've delivered," House Budget Committee Chairman Paul Ryan, R-Wis., said Tuesday at a news conference. Since taking control of the House in 2010, the GOP has approved a budget each year. The House is scheduled to approve Ryan's budget next week. The GOP budget is non-binding and does not have the force of law, but it serves as a philosophical document on the party's views on the size and role of the federal government.

The conservative blueprint stands no chance of gaining traction with Senate Democrats or Obama, but the plan is a starting point for renewed debate about how to balance the budget. Senate Democrats, for the first time since 2009, will unveil a competing budget Wednesday.

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