Congressman Paul Ryan calls for a $6.2 Trillion Spending Cut

The GOP budget Chief, Congressman Paul Ryan from Wisconsin, proposed a radical overhaul of the federal government's budget. His plan would save $6.2 trillion dollars over the next ten years. Doing this would completely gut Medicare and Medicaid. The federal work would be cut by 10%. The tax code would also be modified by lowering the tax rate for wealthy Americans and business to 25% while eliminating loopholes in the tax code. This plan would drop federal spending to under 20% of the economy instead of President Obama's plan which would be at least 23%. If this plan was to be implemented and unaltered there would be a surplus by 2040. Everyone wants to see an end to our debt problem and Paul Ryan's plan is a good step in making drastic cuts but his proposal fails in several aspects. My biggest criticism is that this plan is based on the "Trickle Down" Theory which has been proven ineffective time and time again. Instead of lowering the tax rates like Congressman Ryan suggests the tax rate should be increased for the wealthiest Americans and for companies. Currently companies are not spending the $1.4 trillion they're holding on to. Instead of trying to stimulate the economy they are hording money. General Electric a company that had a profit of $14 billion did not spend a single dime in taxes. Companies and the rich will never be willing to risk their money for the benefit of the country. Also Paul Ryan fails to realize that by cutting the federal work force people will not have jobs to pay taxes to the government and the government will have to spend more for unemployment and welfare. Medicare and Medicaid should have some limited cut backs but to completely gut those programs will have great reprercussions. If these programs are cut the enormous costs of medicine will bankrupt many Americans. Like most politicians Paul Ryan never suggests cuts to the military. Though military spending should not be overly reduced for defensive and economic reasons (providing jobs to militray personal and manufacturers) thee is still plenty of room to make cut backs. Advanced military technoloy like the F-22 Raptor costs $150 million per figher plane, but it has never been used in combat even though the United States is currently engaged in Afghanistan, Iraq, and Libya. In recent decades our enemies have given up on conventional means of fighting us due to our overwhelming strength, and instead uses guerilla tactics and terrorism. Our F-22's may give us a huge advantage in air combat but our enemies don't have planes. I do appreciate a politican willing to propose a drastic reduction of federal spending but Congressman Paul Ryan's plan plan to is extreme and narrow minded.