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Unprecedented spending cuts loom to balance budget
AP analysis notes that balancing the federal budget by 2002 would require extreme restraint on spending growth, with Republicans proposing no tax increases and substantial cuts to Medicare Medicaid and other programs while preserving Social Security and interest payments. The plan hinges on political will amid rising health costs and automatic benefit programs.
MENTIONED IN THIS ARTICLE
Alan Fram
Associated Press
Washington
Congressional Republicans
GOP
House Budget Committee
John Kasich
Ohio
Kasich
House
Reagan
Clinton
Martha Phillips
Concord Coalition
Daniel Mitchell
Conservative Heritage Foundation
Capitol Hill
America