Gregg, Ryan Praise Obama's Deficit Commission

Wednesday, 07 Jul 2010 02:58 PM

  Comment  |
   Contact Us  |
|  A   A  
  Copy Shortlink
Congress’s leading GOP budget hawks are praising a White House commission tasked with winding down trillion-dollar deficits.

Rep. Paul Ryan of Wisconsin and Sen. Judd Gregg of New Hampshire, the senior Republicans on the House and Senate Budget committees, have praised a proposal by the fiscal panel’s Democratic co-chairman, Erskine Bowles, to limit government spending and revenue to 21 percent of gross domestic product, according to The Hill.

Both Ryan and Gregg have tried to focus on spending cuts rather than tax increases as a way to balance the budget.

“I like Erskine a lot,” Ryan said of Bowles, a former White House chief of staff in the Clinton administration. “He’s becoming my new favorite Democrat. He’s in the ballpark. We’re getting near the target if that’s the case.”

Gregg said spending and revenue limits like the ones Bowles has suggested would be “incredibly positive.”

“Get spending down and revenues up. … That would be very close to a stable situation,” Gregg told The Hill.

Read the entire story at The Hill

© 2014 Newsmax. All rights reserved.

  Comment  |
   Contact Us  |
  Copy Shortlink
Around the Web
Join the Newsmax Community
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
Retype Email:
Zip Code:
Hot Topics
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
Around the Web
You May Also Like

Mali's Islamists Withdraw Cease-Fire Pledge

Friday, 04 Jan 2013 13:06 PM

Tens of thousands of Fatah supporters rallied in the Hamas stronghold of Gaza on Friday for the first time since they we . . .

Fmr. CIA Director Hayden: Iran Nuclear Crisis Gets 'Scarier'

Tuesday, 17 Jul 2012 18:11 PM

 . . .

Join Fmr. CIA Director for Special Iran Briefing, Assess the Danger

Friday, 13 Jul 2012 12:27 PM

 . . .

Newsmax, Moneynews, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, NewsmaxWorld, NewsmaxHealth, are trademarks of Newsmax Media, Inc.

America's News Page
©  Newsmax Media, Inc.
All Rights Reserved