We’re starting to seethe broad outlines of a budget plan that Republican lawmakers will present this week to slash $4 trillion in spending over the next decade. At first blush this sounds bad, bad, bad for education revenue—we don’t yet know what the plan entails in terms of federal K-12 spending—but maybe not. As theWall Street Journal reports, the plan would “essentially end Medicare” (and replace it with private insurance plans, subsidized by the government), plus:
The proposal would also convert Medicaid, the health program for the poor, into a series of block grants to give states more flexibility. And it is expected to suggest significant cuts in Social Security, while proposing fewer details on how to achieve them.
