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Originally published Tuesday, March 12, 2013 at 8:33 AM

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Obama: House GOP budget would cut deeply

President Barack Obama is criticizing a proposed House Republican budget, saying it would turn Medicare into a voucher-like program, cut deeply into programs such as Medicaid and increase tax payments by the middle class in order to achieve promised lower tax rates.

Associated Press

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The White House has not said when Obama will release his budget. ...our bold leader. MORE
"Senate Democrats plan to offer a counterproposal on Wednesday" Yea...righ... MORE

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WASHINGTON —

President Barack Obama is criticizing a proposed House Republican budget, saying it would turn Medicare into a voucher-like program, cut deeply into programs such as Medicaid and increase tax payments by the middle class in order to achieve promised lower tax rates.

Asked in an ABC World News interview Tuesday whether he will propose a budget that balances in 10 years, Obama said he would not.

He said his "goal is not to chase a balanced budget just for the sake of balance." He said he wants to improve the economy and put people in jobs. "If we do that we are going to be bringing in more revenue," he said.

He said Republican House Budget Committee Chairman Paul Ryan's budget reprises budgets he has proposed before.

THIS IS A BREAKING NEWS UPDATE. Check back soon for further information. AP's earlier story is below.

The White House says the new House Republican budget outlines the wrong course for the nation.

White House spokesman Jay Carney says the math in Budget Committee Chairman Paul Ryan's plan doesn't add up. Carney says it will either raise taxes on the middle class or fail to reduce to the deficit.

The White House is panning the Republican proposal's spending cuts and Medicare reforms that would require future patients to bear more of the cost.

The GOP proposal sticks to Republican plans to try to repeal so-called Obamacare and cut domestic programs ranging from Medicaid to college grants.

Senate Democrats plan to offer a counterproposal on Wednesday. The White House has not said when Obama will release his budget.

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