The Obama budget and the Republican proposal.  From The Foundry, Morning Bell: A Budget We Can Believe In

Speaking of the Republican plan,

…Yesterday, House Budget Committee ranking member Paul Ryan (R-WI) offered a clear alternative (pdf) that does make hard choices. Heritage analyst Brian Riedl details what Ryan’s budget does:

* Freezes non-defense, non-veterans discretionary spending at its current level for five years.
* Reforms entitlement programs like Medicare and Medicaid, which are currently growing 8 percent annually.
* Takes back stimulus spending that would be spent in 2010 and beyond, when the recession is expected to be over.
* Places a moratorium on earmarks until the system can be cleaned up.

The most ambitious part of Ryan’s budget is the effort to contain the $43 trillion, 75-year unfunded liability in Social Security and Medicare. Specifically, it would slowly transition Medicare into a premium support program for individuals who are currently below age 55. This would provide seniors with a health plan similar to the one that Members of Congress and federal employees currently enjoy—one based on consumer choice and competition…

A lot more information and plenty of links at The Foundry’s post.