Romney calls for cuts in Medicaid
Republican presidential candidate Mitt Romney yesterday called on President Obama to take money from Medicaid, not defense, to compensate for the failure of the congressional supercommittee. The supercommittee was tasked with finding ways to reduce the deficit by $1.2 trillion over 10 years. The committee’s failure will trigger $1.2 trillion in spending cuts, split evenly between defense and non-defense spending. Romney called on Obama to introduce legislation to rescind the defense cuts and take the money from elsewhere in the budget.