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-- Paul Ryan and bill in the house Republican proposal for the budget this morning saying we can't keep spending money we don't.
Half rich -- is standing by on Capitol Hill with details on a story -- And actually balances the budget but 20/20 37 billion dollar surplus the White House -- the deficit reduction.
When it -- and ask the wealthiest Americans to pay more in taxes.
Puts the burden squarely on the middle class and this is how Ryan doesn't it somewhat similar to the budgets is released over the last couple of years.
He cuts 885 billion dollars over the next decade from health care plans cuts all the spending in the president's health care a lot of tune of one point eight trillion dollars.
Other mandatory spending cuts including.
And pell grants things of that nature slowing the growth -- -- -- is the way that Bryant's folks describe it 962.
And then there's this bonus that happens in deficit reduction all the time interest savings you spend less money you have less than the deficit you borrow less money you pay less in interest.
To the tune of 700 billion dollars here's some more about Ryan's budget he keeps January's tax increases of Republicans don't repeal.
The budget deal that we struck here in Washington DC in January for 620 billion dollars of additional revenue.
It eliminates most of the president's health care law but it does he.
The 700 billion dollars in cuts to Medicare Ryan says he reinvest that in Medicare but still 700 billion dollars -- deficit reduction right there he also overhauls Medicare and Medicaid the plan was so controversial.
During the campaign trail.
And includes tax reform that's a process being written right now on Capitol Hill by another committee so now both sides Democrats and Republicans.
Are out selling their individual plans on deficit reduction.
This is an invitation to the present -- United States.
To the senate Democrats.
To come together to fix these problems.
We will also reduced deficit so that they are not growing any faster than the economy we will we will stabilize the debt but we will not doing away.
-- guts our investment our kids' education and violates the commitments we made to seniors.
Still waiting for updated specifics from Democrats the senate Democrats tomorrow very likely senate democratic Budget Committee chairman Patty Murray releases her budget.
And also the White House is expected sometime in early April.
To release its budget plan.
If you are pretend to live out of Washington on capitol RS thank you very much.
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