Krugman and Stiglitz Offer Support To Key Elements GOP Alternative Budget

[Median Democrat]

APRIL FOOLS!

:hi:

More seriously, here is the GOP proposal to cut taxes and revoke the stimulus in the midst of a recession.

http://www.msnbc.msn.com/id/29992865/

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WASHINGTON - Republicans in the House are pushing an alternative budget plan that would cut income tax rates and radically overhaul the Medicare program providing health care to the elderly.

The plan unveiled Wednesday by Wisconsin GOP Rep. Paul Ryan also freezes overall spending on domestic programs and repeals most of the spending in President Barack Obama's recently passed economic stimulus bill.

Despite the spending reductions, the plan projects permanent deficits exceeding $500 billion into the future, fueled largely by big tax cuts.

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