Government

Paul Ryan: Ask the Greeks How Not Dealing With Your Debt Works Out

 

Paul Ryan Says if We Dont Fix Debt Problem Could End Up Like the GreeksFollowing in step with his Republican Senate Budget Committee counterpart Sen. Jeff Sessions, House Republican Budget Committee Chairman Rep. Paul Ryan has called out the gimmicks in President Obama’s FY 2013 budget released Monday.

On CNBC’s Kudlow Report on Tuesday, the Wisconsin Republican did not have sweet things to say about President Obama and his economic advisors idea of spending cuts claimed to be in their budget, which Rep. Ryan calls “fundamentally unserious.”

“This is really more of a campaign document than a credible fiscal solution to our big budget problems,” Rep.Ryan said Tuesday. “The President is claiming that this is a $4 trillion deficit reduction package; but Larry when you strip out all the accounting tricks and all the budget gimmicks, he’s increasing spending by 1.5 trillion and increasing taxes by 1.9 trillion for a measly $400 billion of deficit reduction over a 10-year period, where he proposes to spend $47 trillion.”

Rep. Ryan said that the President has showed a lack of leadership in presenting a third straight budget that does not make a serious attempt to lower the national debt.

“Every time you don’t do something to fix this problem, it just gets that much worse. Ask the Greeks,” said Rep. Ryan

Ryan also confronted President Obama’s acting OMB Director Jeffrey Zients Wednesday, calling out the President’s broken promise to halve the deficit by the end of his first term.

“We’ve heard a lot of excuses from this administration for why the president broke his promise. But what we haven’t heard is any semblance of accountability,” The Hill reports Ryan told Zients at a hearing Wednesday Morning.

House Republicans argue that the Obama budget only cuts the deficit by $400 billion over 10 years, compared to the $4 trillion in deficit reduction the administration claims. The Hill reports that by House GOP measurements, the budget plan has $1.5 trillion in spending increases and $1.9 trillion in tax increases.

Comments (50)

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  • Founding Dad
    Posted on February 16, 2012 at 1:15pm

    In the double speak of Washington, “increasing spending at a lower rate” means the same thing as a “cut” to these fools. And not spending money on something “new unnamed project” also represents a “cut” to these fools. Both parties are guilty. One party has us going over the cliff at 100 mph and the other more fiscally responsible party has us going over the cliff at 80 mph. Either way, it‘s a long way down and we’re dead. What don’t they understand about “stop!“ ”Reduce” the actual outflow. “Cut the size and scope” of the federal government. “Lay off” government employees. etc., etc., etc.

    Ronald Reagan’s words of decades ago are definitely still appropriate: “The federal government isn’t the solution to our problems. It is the problem.”

    Report Post »  
  • tommee
    Posted on February 16, 2012 at 12:26pm

    A better question for Ryan to ask is, especially of the rich, would be something like this: How is not paying your fair share of taxes working out for you?

    Report Post »  
    • jhrusky
      Posted on February 16, 2012 at 4:17pm

      And what is their fair share? How much of someone else’s income do you think is a “fair share” to give to a government who spends like drunken sailors?

      Report Post » jhrusky  
    • tommee
      Posted on February 16, 2012 at 10:47pm

      In Greece a fair of taxes for the wealthy would be anything!

      Report Post »  
  • charles1540
    Posted on February 16, 2012 at 10:25am

    Paul Ryan is the brightest person in congress and has a realistic solution to these mounting fiscal issue that these other morons in congress are clueless or gutless in getting behind this plan. Hell his on gutless leadership does nothing except cave at every opportunity so as not to offend this democrats in congress. No wonder the Republicans are headed to another defeat in congress and a challenge for the White House. WAKE UP YOU BUNCH IDIOTS…

    Report Post »  
    • DrFrost
      Posted on February 16, 2012 at 11:53am

      As disappointed as I am in the republicans, the democrats are worse. But you’re absolutely right that we need a lot more people like Paul Ryan.

      My two biggest complaints about Bush were:

      1) 20% of his budget was borrowed and he increased our debt by 4 trillion over 8 years
      2) the so called “patriot” act that violates the bill of rights.

      So you can guess how I feel about Obama’s spending while in office and the NDAA. Whether you are left, right or middle most Americans agree on the following two principles:

      1) The government should not spend more than it takes in and
      2) A government does not have the right to detain it’s own citizens indefinitely without due process.

      The first one is common sense and it‘s going to lead to a far worse financial situation than we’ve ever seen in my lifetime and one that will make the great depression look good in comparison. The second is fundamental to human rights. This government has grossly violated the first and claims it has the right to violate the second.

      These are not small issues. These issues are fundamentally essential to the health of our republic and I don’t understand how anyone, left, right or middle could support an administration that has attacked our future and freedoms the way this one has.

      Report Post »  
  • Blazen420
    Posted on February 16, 2012 at 10:21am

    This is what should be on the headlines of all news media outlets…..However most put it at the bottom or don’t report it at all.

    Report Post »  
  • midwesthippie
    Posted on February 16, 2012 at 5:59am

    …we’ve heard a lot of excuses from the (R)’s. i wish ryan really means what he says and acts on it. time for a third party.

    Report Post » midwesthippie  
  • abbygirl1994
    Posted on February 16, 2012 at 2:35am

    You compalin about the administration, but what do you and your cohorts do?? You know Obama should have already been impeached.. but none of you have done anything.. except let him do whatever he wants. So.. you Republican Congressman are part of the problem. Its not just this administration its most all of you! We voted and brought you enough new congressman and what happened to them.. well half of them were corrupted. Treason is the reason to impeach, just how much treason does it take for you to get it. Now is the time to come together and fight.. Lord help us all!

    Report Post » abbygirl1994  
  • academica2020
    Posted on February 15, 2012 at 8:32pm

    Ryan is the real deal and not very many folks pay attention to him anymore after Obama publicly humiliated him at the White House budget meeting after Ryan released his plan. Too bad, because he’s an economist and has a firm grasp on all things financial. He also had the guts to say that he does not think he’s qualified to be running for any office other than the one he holds now.

    Report Post » academica2020  
    • pamela kay
      Posted on February 16, 2012 at 1:42am

      ACADEMICA2020, well said. I would have loved to see him run. He speaks the truth and is not afraid to do it. He is the real deal. We could sure use more like him.

      Report Post » pamela kay  
    • D-Fence
      Posted on February 16, 2012 at 8:25am

      Amen, He’s the real deal is right. One of the few that shouldn’t be voted out.

      Report Post » D-Fence  
  • progressiveslayer
    Posted on February 15, 2012 at 7:35pm

    When we fire the Marxist heathen in November and get control of both houses we’ll be able to avoid a depression,maybe.There are republicans who call themselves ‘conservatives’ who are bankrupting us with insane spending,we get rid of them as well and replace them with people who understand the constitution and we’ll have a chance of avoiding the depression.

    If the Marxist heathen is re-installed a depression is guaranteed and America is over as you know it,kiss all your money goodbye along with your liberty and freedom from government.

    Report Post » progressiveslayer  
    • rinckster
      Posted on February 15, 2012 at 9:37pm

      I agree with you totally, we are done, just a slow death remains, Greece will be nothing compared to what will happen here, we as a nation is to divided to do anything about where we are heading

      Report Post »  
  • OlefromMN
    Posted on February 15, 2012 at 7:27pm

    I seem to recall Mr. Ryan is not afraid of Mr. Obama. Remember that little meeting the other year when Ryan schooled Obama? Now Mr. Ryan has some (and only a small “some”) support in the House to help him propel his message.

    Report Post » OlefromMN  
  • weneedrubio
    Posted on February 15, 2012 at 7:05pm

    A Rubio/Ryan ticket would win all 57 states in a landslide (I know but what fun do I have with Obummer in office)

    Report Post »  
    • doomytram
      Posted on February 15, 2012 at 8:13pm

      The U.S.A. is now the Soviet Union of Greece. Tax Cheat Tim, the Dictator, and Bite Me only have to convince the American Idol generation that the President is as cool or cooler than Samuel L Jackson, Tom Hanks, Steven Tyler, and Jennifer Lopez and Oblamer wins…

      He (Oblamer) has one a Grammy, a Nobel Prize, two Tony’s, and Oscar, three Time Man of the Year awards, and two People’s sexiest man in the world awards.

      Oblamer thinks he can lose all 57 states and Axelrod, Soros and Stepanopolis will still pull him in and give him Florida (even though he loses the popular vote by a shellacking.

      The Oblamer Polit Bureau is concerned with class war, not votes.

      Report Post » doomytram  
  • Jax2b
    Posted on February 15, 2012 at 5:01pm

    What if the banks would actually forgive some of the debt? The only way out is usually pay for it or ask for the loan to be forgiven. I‘m sure that’s a radical idea but what if…? Naive I’m sure but put greed aside for the betterment of the country? Probably won’t happen. Waste of a comment.

    Report Post »  
    • dnewton
      Posted on February 15, 2012 at 5:30pm

      Forgiving the debt would lower the return on investment of millions of people counting on the income as retirement income college expenses or something else that will not now happen. Only state workers with assured rates of return guaranteed by the government wont be affected with respect to retirement but since they pay taxes, they will also be hit with the aftermath. The only good thing about such a scenario would be that the precedent would make it very unlikely that the government would ever get borrowed money to operate on for a very long time.

      Report Post »  
    • dmerwin
      Posted on February 15, 2012 at 5:45pm

      The correct thing for banks to do is to not loan money to people who cannot afford the loan and not take government bailouts. Your other responder is correct, we have money invested in IRAs and other investments in those banks. Your solution is akin to saying to the bank I want to extend my mortgage to help irresponsible people pay for things they should not have bought, to include the Democrat constituency

      Report Post » dmerwin  
    • bryan305
      Posted on February 15, 2012 at 5:54pm

      Forgive the debt? Sounds like a very liberal idea.

      Sure, let‘s teach people that they don’t need to be responsible for anything at all. It will just be forgiven later. This is why our country is so screwed up.

      Report Post »  
  • dmerwin
    Posted on February 15, 2012 at 4:58pm

    Rep Ryan must be on a “Truth Team”. White House, be on notice, your own actions are what people don’t like. People DON’T HAVE to make anything up. Your own words will bury you. I can see the ads now and Carney “explaining” “Well he really meant this,…We didn’t know that” In fact there are a lot of things this administration doesn’t know for being “the smartest guy in the room”. The most egregious errors are foreign policy in the middle east and the economy. I listed foreign policy first as it is really hard to recover from death and the effects of an atomic weapon. To forestall comments that Iran currently doesn’t have ICBM capability AT THIS MOMENT, let me remind you they did not have nuclear capability or materials 10 years either, but have referred to us as the Great Satan since the time of the Carter Administration (another wonder boy). Also, only a small percentage of container ships are searched in the US and I would bet not any are searched at the point of origin.

    Report Post » dmerwin  
  • TRONINTHEMORNING
    Posted on February 15, 2012 at 4:55pm

    It’s simple math; we have no leader at this time, just a dictator wannabe. Here’s our big chance to turn it all around. Prayer and action will be our tools.

    Report Post »  
    • lassew
      Posted on February 15, 2012 at 5:47pm

      Amen! Requires drastic action but with the corruption in Washington I don’t see anything turning around soon. Hope and pray we make it to the next election!

      Report Post »  
  • Mike N
    Posted on February 15, 2012 at 4:53pm

    Even if Obama’s claimed $4 Billion were a real number, that is a feeble attempt at addressing the seriousness of the problem at hand. $400 billion in real terms is an absolute slap in the face.

    Barrack Obama is only good at one thing . . . getting elected.

    Report Post »  
    • dnewton
      Posted on February 15, 2012 at 5:36pm

      And it is about half of what they plan to give to Egypt.

      Report Post »  
  • SpankDaMonkey
    Posted on February 15, 2012 at 4:50pm

    .
    Mr. Ryan you don’t know what your talking about. Barack, The Magic Black African American POTUS has it all under control. He said so……..

    I think I’ve died and gone to Hell……………

    Report Post » SpankDaMonkey  
  • GoodCook
    Posted on February 15, 2012 at 4:50pm

    Apparently, all Democrats and the Lame stream news media don‘t understand that when the money’s gone, and it will be, that the masses will come after them first and pick the flesh off their bones. Literally!

    Report Post »  
    • OniKaze
      Posted on February 15, 2012 at 4:58pm

      I’m glad your a good cook, cause just hearing you talk about that is making me salivate….

      I’m getting hungry, and last time I checked…. Libs are stupid, brainless meat creatures…..

      YUMMY!

      Report Post » OniKaze  
    • bryan305
      Posted on February 15, 2012 at 5:56pm

      I can’t wait!

      Report Post »  
    • 2theADDLED
      Posted on February 15, 2012 at 7:33pm

      What do you mean will be gone ? It was already gone.

      Report Post »  
  • Razorhunters
    Posted on February 15, 2012 at 4:43pm

    “So Long America”: Only Truthful Mainstream News Show Ends
    http://www.youtube.com/watch?feature=player_detailpage&v=VQKKSPI2fTw#t=1097s

    Report Post » Razorhunters  
  • Darmok and Jalad at Tanagra
    Posted on February 15, 2012 at 4:37pm

    My Big Fat Greek Budget. Opa.

    Report Post » Darmok and Jalad at Tanagra  
  • LOJ
    Posted on February 15, 2012 at 4:33pm

    I hope Ryan stays on this subject because this is the End Game for Obama and Soros. Riots in the streets, and Collapse….

    Report Post »  
  • constitutionaldirective
    Posted on February 15, 2012 at 4:30pm

    It’s all going to be OK now.. Hilary wants to head up the World Bank… 8)

    HOLYSWEETMOTHEROFMOSES!!!

    Report Post » constitutionaldirective  
  • Chuck Stein
    Posted on February 15, 2012 at 4:24pm

    How long until Newt slams Ryan again? Will it be as a “Right-wing social engineer” again? Who knows with Newt. The guy’s full of surprises. A nice surprise would be to suspend his campaign and get out of Santorum’s way. Probably not — the guy is a hostage to his own ego. Newt has now been last (or a no-show) in 5 races (Nevada, Missouri, Colorado, Minnesota, Maine) — the 5 most recent contests. Now how will he do in Arizona and Michigan? Last again, most likely.

    Report Post »  
  • Snowleopard {gallery of cat folks}
    Posted on February 15, 2012 at 4:21pm

    Greece is where Obama and Soros want us to become.

    Report Post » Snowleopard {gallery of cat folks}  
    • broker0101
      Posted on February 15, 2012 at 4:32pm

      Why does Obama waste his time fund-raising if the Great Boogeyman Soros could simply, and completely legally, fund a SuperPac with the billion dollars he needs for re-election? Just curious.

      Report Post » broker0101  
    • Darmok and Jalad at Tanagra
      Posted on February 15, 2012 at 4:36pm

      The more money he gets from useful idiots pockets, the more he Soros can spend in other areas.

      Report Post » Darmok and Jalad at Tanagra  
    • broker0101
      Posted on February 15, 2012 at 4:40pm

      DAROK, Ah, I see. Soros funds every Leftist group Glenn Beck has ever told you about to further Obama’s career, but he’s too cheap to actually fund the re-election. Makes perfect sense,….. to a Beck-Bot moron.

      Report Post » broker0101  
    • SouEu
      Posted on February 15, 2012 at 4:42pm

      @BROKER0101

      Just like all liberals, they don’t want to spend their own money, they just want to spend other people’s money.

      Report Post »  
    • TheObamanation
      Posted on February 15, 2012 at 4:51pm

      Soros is still giving money to Obamas campaign … did we miss something ?

      Report Post » TheObamanation  
  • Jenny Lind
    Posted on February 15, 2012 at 4:15pm

    I so wish he had run for president, hope next time he does.

    Report Post »  
  • kyrealtor
    Posted on February 15, 2012 at 4:15pm

    The bailout is basically backwards. Private individuals who invested in Greece should get back their principal, but not their interest. Banks should get 0. It is immoral and should be unlawful to lend money at interest for people to pay for basic food and necessities with no prospect of ever paying it back. If you want to give the poor money, then give it. Do not lend at usurious interest and expect the World Back, Germany, France, and the US to give you a profit! Investments that are both unwise and immoral should fail; better banks and bankers will replace the greedy morons who lent to Greece.

    Report Post » kyrealtor  
  • lukerw
    Posted on February 15, 2012 at 4:09pm

    It’s all Greek to the Democrats!

    Report Post » lukerw  
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