The Incredible Impact Of Republican Cuts On The US Deficit

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		Tech Media Wall Street Markets Strategy Sports Tools Travel Politics Latest Video Tuesday, April 5, 2011 The Incredible Impact Of Republican Cuts On The US Deficit Today, Republican Congressman Paul Ryan released his plan for massive budget cuts that would fundamentally alter the spending profile of the U.S. government over the long-term. The headline number on the cuts: $6.2 trillion over the next 10 years. In terms of the cut to government spending, Ryan's plan, "Brings government spending to below 20 percent of the economy, a sharp contrast to the President’s budget, in which spending never falls below 23 percent of GDP over the next decade." We said the cuts were incredible, and they look it. Whether or not a program like this will ever be achieved is unknown, but its proposed impact on debt as a percent of GDP is dramatic. Read » Also On Clusterstock Today: Check Out The Central Park West Duplex Wall Street Billionaire Peter Briger Is Selling For $25 Million AUDIO: Listen To Raj And Danielle Chiesi Revel In Their Trading Of Akamai Stock Ahead Of A Public Guidance Announcement Here's Why Rich Kids Get Jobs At Money Management Firms So Easily Whitney Tilson Says All You Have To Know About Berkshire Is $1 Billion New Assets Per Month Advertisement CHART OF THE DAY: These Inflation Levels Signal A Post-WW2-Style Stock Market Boom CHART OF THE DAY: The Scariest Jobs Chart Ever CHART OF THE DAY: Check Out The Gigantic Surge In Food Prices After That Huge USDA Crop Report Share this email: Buzz Facebook Twitter Digg Reddit StumbleUpon The email address for your subscription is: ipat39@gmail.com Change Your Email Address | Unsubscribe | Subscribe | Subscribe to the Clusterstock RSS Feed Business Insider. 257 Park Avenue South, New York, NY 10010 Terms of Service | Privacy Policy

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