On the recordMarch 27, 2012
The Republican budget cuts at least $3.3 trillion from low-income programs over the next 10 years while it increases the defense budget. It reduces taxes to a level that will wreak havoc on the Federal Treasury. The rate of poverty is at its highest level in nearly 30 years. The Republican budget would increase poverty and exponentially raise the misery index for hardworking American families. The Ryan budget also wreaks havoc on seniors. The American people must know that this Republican budget--which has been endorsed by all three Republican Presidential candidates--will end Medicare as we know it. Their plan is to get the Federal Government out of the Medicare program. Republicans simply want to provide seniors a small voucher to purchase Medicare insurance on the private market. Most seniors will not have the money to do that. The Ryan budget shows Medicaid cuts of $810 billion. They want to get the Federal Government out of the medical assistance program to low- income families and place that burden on States with an underfunded mandate. Madam Speaker, the Ryan budget is absolutely shameful and misleading. House Democrats will fight it to the end. ____________________
