House Budget Committee Chairman Paul Ryan renewed a fight with Democrats over spending cuts and deficit reduction, unveiling an updated Republican budget plan Tuesday that aims to cut spending by more than $5 trillion over a decade and balance the budget in that time.
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Similar to past proposals, Ryan’s plan would include cuts to food stamps and major changes to government-sponsored health care for the poor and working class. Ryan’s plan would also cut Pell Grants for low-income students and pensions for federal workers, while steering away from cuts to benefits for senior citizens, at least in the short term.
“This is a plan to balance the budget and create jobs, and it builds off a simple fact: We can’t keep spending money we don’t have,” Ryan, R-Wis., said in a statement.
Unlike many spending proposals floating around the Hill, Ryan’s aims to balance the budget within 10 years, in part by cutting more than $5.1 trillion. Whether that plan would actually work remains to be seen — and, as in past budget cycles, Democrats made clear they would not be supporting his approach.