Rep. Ryan on 'Grave Danger': Spending Crisis Still Looms

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Hello. I’m Congressman Paul Ryan from Janesville, Wisconsin – and Chairman here at the House Budget Committee. It’s no secret our government has a spending problem –- and the problem has gotten so bad it’s threatening our future and hurting our nation’s ability to create jobs.

Republicans made a pledge that we would work to change this if given the opportunity to lead. Since January, we’ve been urging President Obama to listen to the people and work with us to reduce spending. The president started this year by proposing a freeze that would make no cuts at all.

But now bipartisan legislation is in sight to enact the largest spending cut in American history.

Full transcript here.