Competing Plans For The Federal Budget

Competing Plans For The Federal Budget

Republican Congressman Paul Ryan and Democratic Senator Patty Murray offer very different blueprints for the federal budget. How the plans compare and prospects for compromise.

Since 1921, the White House has been required to submit a budget. But this year marks the first time that Congress, not the president, will begin the budget process. Republican Congressman Paul Ryan offers his party’s budget today. His plan cuts overall spending by nearly five trillion dollars and transforms Medicare and Medicaid. The Ryan budget would also repeal the new health care law. Senator Patty Murray will offer a Senate Democratic version tomorrow, which is expected to call for higher taxes on the wealthy and corporations, and more spending on education and infrastructure. Diane and guests discuss competing visions for the federal budget.

Guests

E.J. Dionne Jr.

senior fellow, Brookings Institution. Author of "Our Divided Political Heart: The Battle for the American Idea in an Age of Discontent."

Vin Weber

co-chairman, Mercury/Clark & Weinstock, a consulting firm; former member of Congress representing Minnesota's 2nd district (1981-93).

Chris Frates

national correspondent, National Journal

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