Contact us

Company Name:
Lishui Huanqiu Bearing Trading Co., Ltd.

Company Address:
No.11 Shiting Road, Shuige Industrial Zone,Lishui, Zhejiang,China
Contact Person: William

Email: admin@tradebearings.com
Homepage: www.asiabearings.com
Bearing B2B: www.tradebearings.com

email

 

Home > News >

House passes GOP budget plan promising deep cuts

Move on two fronts, the republican-controlled house of representatives vote on Thursday, in order to keep the government running in the next six months, at the same time to push through a tea party budget, next year, will shrink the government's another $4.6 trillion dollars over the next ten years. In it on the way to the White House for President barack Obama's signature left $85 billion in spending cuts, the pentagon spending and domestic project authorization. The result will be hundreds of thousands of federal workers and contractors in the next six months and interrupt, furloughed slow or stop the service and assistance to many americans. Non-binding republican budget plan, 2014 and 10 years later, safety net plan to slash the poor and other domestic project budget balance. On Thursday, the development of this year's budget debate in the show the essence of division. Competition non-binding budget measures political principles provided by both sides of the platform, at the same time the United States congressional leaders from both parties have to deal with the core of government responsibility, in this case, funding agencies, to prevent a government shutdown. The GOP budget proposals, similar to the previous plan budget committee chairman Paul Ryan, R - WIS. Indicates that this is possible, at least math without tax increases over the next 10 years, balance the budget. But, in so doing, his party's vice presidential candidate, Ryan is assumed to be the poor last year, forcing millions of programs, such as food stamps and medicaid, and cut nearly 20%, from the level of domestic institutions of the budget, for deep cuts in less than two years ago. Ryan's plan in the house of representatives passed a majority of the party's line 221-207, 10 republicans joined Democrats oppose. At the same time, the democratic-controlled senate debate on the budget for the second consecutive trading day since the first, in 2009 through his health care plan to help Obama. A vote in the senate measure, expected Friday night or Saturday morning. Duel of the house of representatives and the senate budget plans to be fixed in the minds of Washington at both ends of the spectrum, can attract core guerrillas fighting the republican and the democratic tribe long packed around how to attack the budget deficit. Republican plan catered to the tea party strength, and Patty Murray, chairman of the senate budget committee, D - wash and developed a measures, designed to nail and other liberal senator Bernie sanders, I - n support, and Tom harkin, D - Iowa, strongly opposed to cut safety net program, such as medicare and social security. Ryan and Murray budget cannot do come into contact with politics, any possible transaction is fake. The chance of agreement, "at least we are close to said:" senator dick durbin, D - ILL. "I know that we are worlds apart, when it comes to ideas and we move forward." In contrast to the finance house clearing off the last unfinished business - sweeping, government departments of law, the cabinet through the budget year ended September 30, 2013, in the budget for 2014 and beyond. House of representatives passed bipartisan measures all 2013, 318-109. On Wednesday, the senate approved the measure. This measure will be authorized to September 30, the money used for daily operations of every cabinet agencies, with $8.7 billion to fund overseas military operations in Afghanistan and Iraq, and maintain the federal workers pay freeze. Automatic spending cuts of 5%, domestic programs and 8%, and the pentagon is left in place, make facing hundreds of thousands of federal workers off work. But the bill is simplified to the serviceman aid at the university of food inspection and decorative effect and reduce the training and preparation in the pentagon account a cash crisis. Veterans health plan will be the increase of their plans, also have a lot of ascension of the pentagon's nuclear modernization. It also ensures that sufficient funds are pregnant women and their infants food plan. Therefore, federal agencies, bear the brunt of spending cuts set a battle "hat", and increase the government's borrowing limit budget deal in 2011. Congress failed to follow up the deficit bargaining set up automatic spending cuts. They have just started to bite, republicans insist, they stay put, until the Democrats agreed to cut the rapid growth of our entitlement programs, it is automatically "mandatory" part of the budget. However, Democrats were deprived of extra funds, in order to realize the Obama's signature health care overhaul system and strengthening supervision of Wall Street's first term. Long-term, nonbinding created by Ryan, the republican budget plan, the party's vice presidential nominee in 2012, the failure to make a lot of "reform" expensive benefits programs such as food stamps, medicare and medicaid, but it is often very little details about layoffs. , also promised to reduce the top income tax rate from 39.6% to 25% of the tax reform plan, don't say this would eliminate tax breaks and deductions and credits instead of nearly $6 trillion in lost revenue over 10 years. Ryan measures also wake up a controversial plan, the old man health insurance program was born in 1959 or later of the beneficiaries of the coupon system in the future. Critics say, would mean spiral out-of-pocket costs of care, but Ryan insists that the program will crash, introducing competition. "This is not a compromise, the thought method, our budget, the budget committee of the party, Chris van HaoLun, Maryland, said." Loudly "the American people to vote, they refused and now take, again, the third year in a row, the republican budget." Just summary measures from Wednesday through 2013, the senate Murray's plan, the plan will increase over the next ten years nearly $1 trillion in new tax, attempt to stabilize the $16 trillion national debt. This is the first budget debate, Democrats in the senate, in four years is expected to pass. Democratic leaders seem to be interested in under the republican members of the political trouble tickets for a series of protection, does not seem to be suffering from cost, they have been budget shirk their responsibility. But Murray's plans to increase government spending - actually measured in the "baseline", has been assumed that automatically increase the budget - waste of $1.2 trillion dollars after accounting


Other News:
Art world shivers at sale of Henry Moore statue
House passes GOP budget plan promising deep cuts
Italy's Berlusconi says primed for snap vote if no deal clinched
Japan's central bank chief vows to end deflation
After A Decade Long Wait, China And Russia Ink 'Super Jet' Military Deal
US Training Syrian Forces in Jordan
Police cite "strong lead" from Texas in Colorado slayings probe
After Israeli backslapping, Obama faces Palestinian discontent