GOP's budget is worlds away from Obama's
While President Obama's budget would expand the scope of government the House GOP alternative aims to return government spending to historical levels.
J. Scott Applewhite/AP
In most years, the federal budget debate on Capitol Hill is an incremental affair – a few billion more here, a billion or so less there.
But Wednesday’s release of the House Republican Budget Alternative sets up a clash of starkly different worldviews.
While President Obama’s budget would expand the scope of government – “rebuild America for the demands of the 21st century,” as he puts it – the House GOP alternative aims to return government spending to historical levels.
“The president’s budget is little more than a thinly veiled attempt by Washington to spend its way into prosperity, tax its way into tax relief, and borrow its way into debt reduction,” said Rep. Paul Ryan of Wisconsin, the top Republican on the House Budget Committee. “This simply cannot work,” he added in a press briefing on Wednesday.
A trillion here, a trillion there
Compared with the Obama administration’s 10-year budget projection, House Republicans propose spending $4.8 trillion less, borrowing $3.6 trillion less, and zeroing out $1.5 trillion in proposed tax increases over the next 10 years.