Congressman Proposes Over $6 Trillion in Cuts

Posted by Wealth Wire - Tuesday, April 5th, 2011

Rep. Paul Ryan, the new chairman of the House Budget Committee, has upped the ante in the battle to cut federal spending. While others are talking about cutting mere billions of dollars, Ryan has argued for trillions in cuts.

Titled The Path to Prosperity, Ryan's proposal calls for $6.2 trillion in cuts to the president's budget over the next 10 years. It seeks to bring federal spending to below 20% of GDP and reduce deficits by up to $4.4 trillion.

Check out this WSJ video for a breakdown of how The Path to Prosperity would work:

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