Slashing The Federal Budget
House Republicans release a 2012 budget proposal today. It cuts more than $6 trillion from the overall budget over the next ten years, essentially ends Medicare as we know it, and makes dramatic cuts to Medicaid. The plan is also likely to include reductions to the top tax rate for both individuals and corporations. President Obama and lawmakers from both parties have said federal deficits cannot be brought under control without changes to Medicare, Medicaid and Social Security, but critics of the Republican plan say it puts the deficit burden squarely on the nation’s most vulnerable citizens. Join us for a conversation about the GOP 2012 budget plan and its implications for the overall budget process.
senior fellow, Brookings Institution, vice chair, Board of Governors, Federal Reserve System (1996-99); director, White House Office of Management and Budget (1994-96); and founding director, Congressional Budget Office (1975-83).
executive director of Families USA, a national non-profit organization for health care consumers.
economist, senior fellow at Project HOPE; former administrator of Medicare and Medicaid and health policy adviser in the George. H.W. Bush Administration.
distinguished senior fellow, Center for American Progress
special policy adviser, law firm of Alston & Bird
former Democratic Senator from South Dakota.