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Federal Budgets: What You Need to Know

As of March 15, national coverage of budget proposals is hot.  Reviewing each proposal makes the future outlook cold.  There are several differences between the House budget lead by Rep. Paul Ryan and the Senate democrat budget.  The good news is that the two budgets are $2.75 trillion away from each other when it comes to spending cuts over the next ten years.  That’s within negotiation territory, right?

Senate democrats propose no changes to Medicare or Social Security.  Ryan’s budget proposes to repeal sections of the Affordable Care Act from 2010.  A noticeable difference in each plan is a stimulus that the Senate’s proposal offers, which includes a $100 billion investment in infrastructure and job creation.  Both plans offer the spending cuts as the alternative to forced sequestration across-the-board cuts that went into effect on March 2, 2013.

Review a side-by-side comparison of the Ryan budget and the Senate democrat budget.