Rep. Ryan Unveils GOP's $4.6T Plan to Cut the Deficit and Obama after 4 years still has not made a Budget yet.
On Tuesday, House Budget Committee Chairman Paul Ryan "unveiled a budget...that would balance the nation's books in 10 years without raising taxes but by eliminating President Obama's health care law, revamping Medicare for future retirees and creating just two tax brackets for individuals - 10% and 25%." USA Today says the House is "scheduled to approve Ryan's budget next week," but "the conservative blueprint stands no chance of gaining traction with Senate Democrats or Obama." Nevertheless, USA Today describes Ryan's budget as a "starting point for renewed debate about how to balance the budget."
Obama you owe the American people a responsible, balanced budget. Our skyrocketing debt is damaging our economy and threatening our future. It's time to change course.
Today, we're introducing a plan to do just that. House Republicans are offering a common-sense plan to balance the budget in ten years. The Senate Democrats' budget, on the other hand, never balances - ever.
Balancing the budget isn't just about making numbers on a spreadsheet line up. It's about the well-being of the country. A balanced budget will revive our economy and expand opportunity. Now do your job Mr. Obama.
Already Democrats are falsely attacking our budget. We need your support to help us push back and put in place real solutions to our fiscal challenges. Now go do your job Mr. President.
Democrats plan The plan submitted by Senate Budget Chairman Patty Murray contrasts sharply. While we appreciate that the Senate actually produced a budget for the first time in four years, it is a huge disappointment. The budget submitted by Senate Democrats calls for $1.5 trillion in higher taxes, trillions more in new spending, and does absolutely nothing to address the broken entitlement system our country is facing. Senator Murray has no plan to ever balance the budget, and instead does the exact opposite - increasing spending and adding an additional $7 trillion to the national debt.
Overall, Murray’s plan is very dangerous for Americans and our economy as a whole. Continuing out-of-control spending means raising taxes on you, at a time when many Americans can’t afford more tax increases. To not cut spending is irresponsible, but to not even mention it is pure insanity. We wish the Senate Democrats had put more serious effort into addressing the real problems we face.