(AP Photo/J. Scott Applewhite)

(Bloomberg) — House Republicans are proposing to cut $5.5 trillion in federal spending and balance the budget in nine years by cutting Medicaid and food stamps and partially privatizing Medicare.

The House plan released Tuesday, straight from Representative Paul Ryan’s budgets of the past, is sure to run into opposition among Republicans who control the Senate. Almost half the Senate Republicans are up for re-election next year, and few senators are eager to run on a budget that would cut benefits for senior citizens.

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