Tags: Obama Budget | Paul Ryan | Budget Cuts | Debt Commission | Barack Obama

Ryan: GOP Budget Aims for $4 Trillion in Cuts

Sunday, 03 Apr 2011 10:04 AM

By Hiram Reisner

House Budget Committee Chairman Paul Ryan says the 2012 budget the GOP-controlled House plans to release Tuesday cuts more than the $4 trillion in spending over 10 years, exceeding the amount called for by President Barack Obama’s debt commission, and will address entitlements — something the president’s budget avoids.

“Fox News Sunday” host Chris Wallace noted that Obama’s 2012 Paul Ryan, Budget Cuts, Debt Commission, Barack Obamabudget calls for a five-year freeze on non-defense, discretionary spending that the president says will save $400 billion, and does not address entitlements. Wallace asked Ryan the difference in the House spending package.

“His freeze locks in very high spending — it’s is really more of a floor in the beginning and a 24 percent increase in discretionary spending,” Ryan said. “Nothing on entitlements — he does nothing to address the drivers of our debt — the public debt will double in his first term, and triple by the end of his budget. He adds $13 trillion more to our debt.

“He is punting on the budget, and not doing a thing to prevent a debt crisis — which every single economist is telling us is coming — sooner rather than later in this country,” Ryan said. “We will address these issues.”

When Wallace asked whether the budget would be cut $2 trillion, $3 trillion, or $4 trillion in spending over the next 10 years, Ryan said, without divulging an exact figure, “we’re looking at more than that right now.”

“We’re fine tuning our numbers . . . over the weekend, but we’re going to be cutting a lot more than that,” he said. “We will be exceeding the goals that were put out by the president’s debt commission.”

Ryan said he believed Democrats will point to the extent of House proposed budget cuts as a sign Republicans should be defeated in 2012 elections.

“We are we are giving them a political weapon to go against us,” Ryan said. “But they will have to lie and demagogue to make it a weapon against us.”

Ryan also said the budget proposes Medicare reform, by offering plans “out there for you to choose from and then Medicare subsidizes that plan," while not changing the entitlement program for those 55 or older.

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