1

House Republicans Propose $4 Trillion in Cuts Over Decade

Posted April 4th, 2011 in Updates and tagged , , , , by Hands Off Our Medicare

By Carl Hulse for the New York Times

House Republicans plan this week to propose more than $4 trillion in federal spending reductions over the next decade by reshaping popular programs like Medicare, the Budget Committee chairman said Sunday in opening a new front in the intensifying budget wars.

Appearing on “Fox News Sunday,” the chairman, Representative Paul D. Ryan of Wisconsin, also said Republicans would call for strict caps on all government spending that would require cuts to take effect whenever Congress exceeded those limits.

“We are going to put out a plan that gets our debt on a downward trajectory and gets us to a point of giving our next generation a debt-free nation,” Mr. Ryan said, even as he predicted that the politically charged initiatives he intended to lay out in the 2012 budget beginning Tuesday would give Democrats a “political weapon to go against us.”

“But they will have to lie and demagogue to make that a political weapon,” he said.

Republicans and Democrats remained divided over how to reach an agreement that would avert a government shutdown, which could come as early as Saturday, when a budget bill now financing the government is set to expire.

Senator Charles E. Schumer of New York, the chamber’s No. 3 Democrat, said progress was being made, but neither he nor other top lawmakers could guarantee that government agencies would be able to stay open after Friday.

Mr. Schumer said Democrats were urging Republicans to consider reducing some of the automatic annual spending in Agriculture, Treasury and Justice Department programs to reach a target of about $33 billion in cuts rather than insisting that it all come out of what is known in budget parlance as discretionary accounts.

A Democrat involved in the negotiations, who spoke on the condition of anonymity, said alternative spending cuts from the White House and Senate Democrats would range up to $8 billion. But to the Democrats’ dismay, not only were Republicans resisting those cuts, they were also proposing more spending than the Pentagon wants for military and homeland security programs.

“If you just cut from domestic discretionary, you’ll have to cut things like helping students go to college; you’ll have to cut scientific research, including cancer research,” Mr. Schumer said on the ABC News program “This Week.” “These things have created millions of jobs through the years.”

Continue reading…

One Response so far.

  1. Cindy Brown says:

    What’s the real problem with Medicare? The people who never paid taxes and are able to purchase it.

    Hospital insurance (Part A)
    Most people age 65 or older who are citizens or permanent residents of the United States are eligible for free Medicare hospital insurance (Part A). You are eligible at age 65 if:
    • You receive or are eligible to receive Social Security benefits; or
    • You receive or are eligible to receive railroad retirement benefits; or
    • You or your spouse (living or deceased, including divorced spouses) worked long enough in a government job where Medicare taxes were paid; or
    • You are the dependent parent of a fully insured deceased child.
    If you do not meet these requirements, you may be able to get Medicare hospital insurance by paying a monthly premium. Usually, you can sign up for this hospital insurance only during designated enrollment periods.

    Medical insurance (Part B)
    Anyone who is eligible for free Medicare hospital insurance (Part A) can enroll in Medicare medical insurance (Part B) by paying a monthly premium. Some beneficiaries with higher incomes will pay a higher monthly Part B premium. For more information, ask for Medicare Premiums: Rules For Higher-Income Beneficiaries (Publication No. 05-10536) or visit http://www.socialsecurity.gov/mediinfo.htm.
    If you are not eligible for free hospital insurance, you can buy medical insurance, without having to buy hospital insurance, if you are age 65 or older and you are—
    • A U.S. citizen; or
    A lawfully admitted noncitizen who has lived in the United States for at least five years.

    Anyone who has Medicare hospital insurance (Part A), medical insurance (Part B) or a Medicare Advantage plan (Part C) is eligible for prescription drug coverage (Part D). Joining a Medicare prescription drug plan is voluntary, and you pay an additional monthly premium for the coverage.

    Medical insurance (Part B) 2011 premium= $115.40 (0-$170,000 yearly income)
    Medical insurance (Part A) 2011 premium= $450.00 (0-$170,000 yearly income)

    Medical insurance (Part D) 2011 premium= $55.00 avg. (0-$170,000 yearly income)

    For $650.00 per month you can get what the average worker paid medicare taxes involuntarily for 50 years.