CHANGE: House GOP would cancel health care reforms, trim $5t in spending.

UPDATE: Prof. Stephen Clark emails: “Ryan’s budget proposal is no more serious than the budget being fronted by Senate Democrats. Both are merely aspirational and entirely political. When will either party get serious? Probably not until the voting public makes a decision about what it wants. Until then, it will be CR’s and continued drift. Hard as it may be to believe, much less accept, an insufficient number of citizens believes that there is a problem requiring that they, as individuals, give up anything. Until then it will be circuses – anything to avoid discussions of finance. This is the true legacy of the Bernanke era.”