Thoughts on Tom Coburns $9 trillion deficit cut measure?Submitted by tajitj on Mon, 07/18/2011 - 17:58
Found this article on yahoo.
Coburn proposed $9 trillion deficit cut measures
WASHINGTON (AP) — One of the Senate's staunchest budget-cutters unveiled Monday a massive plan to cut the nation's deficit by $9 trillion over the coming decade.
The plan by Sen. Tom Coburn, R-Okla., is laced with politically perilous proposals like raising to 70 the age at which people can claim their full Social Security benefits. It would cut farm subsidies, Medicare, student aid, housing subsidies for the poor, and funding for community development grants. Coburn even takes on the powerful veterans' lobby by proposing that some veterans pay more for medical care and prescription drugs.
Coburn would cut $1 trillion from the Pentagon budget over a decade. He would block military retirees from the Tricare Prime health care plan, the option with the lowest out-of-pocket cost, saving $115 billion, and he would raise the prescription drug copayment under the program, as well as require higher out-of-pocket fees. He also would reduce the fleet of aircraft carriers from 11 to 10 and Navy air wings from 10 to nine.
"I have no doubt that both parties will criticize portions of this plan, and I welcome that debate," Coburn told reporters. "But it's not a legitimate criticism until you have a plan of your own."
Read whole thing here:
I don't know from reading this whether it is a theoretical cut in proposed deficit, or he is talking about cutting the national debt by $9 trillion over 10 years. Most MSM articles seem to blur those two words. If he is talking about cutting the national debt to $6 trillion after a decade, I am all for it. If he is talking about cutting $9 trillion from the projected extra $10 trillion they will add over the next decade, I think it is too little.