On each and every show, I don’t just provide you news in the City but current events around the world–and how they impact you and the world around you.
On this special segment, I talk about House Budget Committee Chairman Paul Ryan’s newly released financial budget for the fiscal year of 2015, which he plans to cut $5.1 trillion in spending, mostly on health care, to balance the budget by 2024. I judge his budget based on what it entails and if it aligns with my values as an American.
For the most part I unfortunately disapprove his budget because of the following:
It will drastically cut clean energy and technology funds. It will slash federal pensions and will eliminate a program that will help federal employees to pay off their student loans and would cut the Pell grant by imposing a maximum income eligibility cap.
How does it impact you? You may ask.
It impacts you by seeing first hand what programs/services lawmakers are supporting or not supporting. Unfortunately, what I see is a budget that does not support or forgive student loans. Millions of students (and many of my peers who are still working on the Hill to help their fellow congressman or woman) are still struggling to pay off their student loans. When I see this type of action, it shows that lawmakers are not in-touch with college students who care about paying off their student loans.
As I mentioned in my talk, I’m always open to a deficit reduction plan but if it includes cuts to programs that I value or necessary to be competitive in the global economy then I can’t support it.
To listen, click on the link below.
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Disclaimer: Prince’s opinions, and the opinions of others, are not affiliated with UR Business Network