Login
As the House Republican 2016 proposed budget was unveiled on Tuesday, there has been a great deal of opposition as well as backing for it by different parties. Depending upon whether you are a Democrat or a Republican, your feelings and beliefs about the new proposed budget will differ greatly.
If you’re not already aware, the 2016 budget proposal seeks to decrease spending by $ 5.5 trillion over the course of 10 years, as well as reconstruct Medicare, and revoke Obamacare. The budget proposal also alters spending for national defense.
The White House is in opposition, stating that the budget is likely to put citizens and the economy in a dangerous situation, while allowing Wall Street to be protected against regulatory protection. They went on to say that jobs may suffer and all the work that has been done to strengthen the economy will be ruined.
President Obama criticized the new budget proposal by saying that it offers a “path to prosperity (for) those who are already prospering.” He sees the plan as not making education a priority, hurting our national defense, and working agents strengthening our economy through creating new jobs, ect.
Republicans on board say that the new plan can balance out the federal budget and is even likely to create a surplus by the year 2024. They go on to say that the budget will not cut well-known Pell Grants for higher education, but instead strengthens it. An overall stance with the Republican party seems to be
Some policy makers go on to say that balancing the budget will be difficult work, but the new budget proposal makes it doable. Republicans tend to believe that taxes and greater spending will allow our economy to grow.
Democrats opposing the new proposed budget say that it will slow down the economy, being especially troublesome since it just started picking up. Many opposers also believe that the new budget will put people who are most vulnerable at risk—children, seniors, and low-income families, not to mention leaving millions of people without health insurance. There seems to be an underlying theme among Democrats that the new plan will hurt the middle and lower class.
What both parties do agree on is that the almost $19 trillion in national debt needs to be dealt with ASAP. At least they are on the same page for that. Do you agree or disagree with the new proposed budget, and why?