House Budget Committee Chairman Paul Ryan (R-WI) unveiled Tuesday his “path to prosperity,” which includes cutting $6.2 trillion in spending over the next decade.  According to the House Budget Committee website, the plan addresses

  • Economic growth and job creation
  • Spending cuts – including agricultural subsidies
  • Health care
  • Social security
  • Tax reform
  • Welfare

Whether we cut $33 billion or $61 billion—that is, whether we shave 2% or 4% off of this year's deficit—is important,” Ryan said in an op-ed in The Wall Street Journal.  “This is America's moment to advance a plan for prosperity. Our budget offers the nation a model of government that is guided by the timeless principles of the American idea: free-market democracy, open competition, a robust private sector bound by rules of honesty and fairness, a secure safety net, and equal opportunity for all under a limited constitutional government of popular consent.”

The National Corn Growers Association President Bart Schott responded to Chairman Ryan’s plan, pointing out the importance of not singling out farmers and agriculture.  

“These cuts are significant, but so is our nation’s out-of-control budget deficit,” Schott said in an NCGA press release.  “The cuts proposed for agriculture are proportional to those proposed for other areas of the federal budget.  We know this is just the beginning of the budget discussion.  No matter the outcome, we are committed to working with the House and Senate Agriculture Committees to fashion a farm bill that provides farmers with risk management tools that are there when they truly need them.”

Source:  House Budget Committee, National Corn Growers Association, the Wall Street Journal