Saturday, April 09, 2011

Shutdown Averted as Ryan Charts a Larger Course Change

Congressional leaders reached an agreement on funding the federal government through the remainder of this fiscal year (ending Sept. 30). Meanwhile, on Tuesday, House Budget Committee Chairman Paul Ryan outlined his sweeping architecture on cutting spending and reforming taxes in FY2012 and future years in order to turn the nation away from its rush toward fiscal ruin. (Text of the plan is here.)

Ryan's plan, along with the debt ceiling limit issue are sure to ignite even more congressional fireworks with Democrats attacking the plan, sometimes with hysterical rhetoric, and some Congressional Republicans wanting to go further and faster.

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