Chart of the Day
Posted at 11:45 a.m. on March 13
– Senate Budget Committee Chairwoman Patty Murray (D-WA) released the basic breakdown of the Senate Democrats’ budget proposal ahead of the full proposal to be released later today. Dylan Matthews charts Murray’s budget numbers against House Budget Committee Chairman Paul Ryan’s (R-WI) proposal.
The Democrats’ proposal “includes $100 billion in stimulus spending on infrastructure projects, $975 billion in new tax revenue through cutting expenditures, $493 billion in domestic cuts (including $275 billion in health cuts), and $240 billion in defense cuts (all numbers over 10 years)… Ryan’s got no tax increases, no stimulus, much more in spending cuts, and a much faster pace of deficit reduction.”
Seattle Post-Intelligencer: “The federal budget proposals…are so far apart that the idea of a ‘grand bargain’ seems like a dream, with more siege warfare in Washington, D.C., the reality.”