Tags: Trump | Ryan | Budget | Catastrophic

Trump: Ryan Budget Plan ‘Catastrophic’ for GOP Election Hopes

Tuesday, 10 Apr 2012 12:29 PM

House Budget Committee Chairman Paul Ryan's recent decision to release a 2013 budget proposal could hurt the Republicans chances unseating President Barack Obama in November's elections, says real-estate mogul and one-time presidential hopeful Donald Trump.

The Democrats have not yet proposed a budget plan, and can instead spend the election season picking apart Ryan's spending proposals.

"I like Paul Ryan and I'm not knocking anything about his plan. I'm just saying the timing of this plan is potentially catastrophic for the Republicans," Trump tells CNBC.

Editor's Note: Google Banned This Video But You Can Watch it Here

"It's not a question of putting it forward, it's a question of when. He put it forward right before the election. He should not have done it. It was Obama's job to put it forward, not his," Trump says.

"If they lose, it will be the single biggest reason why the Republicans lost — the Ryan plan."

Democrats have said Ryan's budget blueprint will dramatically alter services aiding the elderly and the poor, while some Republicans have branded it as a political liability in an election year.

The plan would revamp Medicare and other services, eliminate multiple tax brackets and loopholes with the idea of fighting deficits by not adjusting revenue as much as through cutting spending.

Ryan, a Wisconsin Republican, tells CNBC he did the right thing to unveil the proposal in an election year.

"I want to do it in an election year, because I want to the country to have the choice," Ryan told CNBC just after Trump made his comments.

"Do you want the president's path of a government-centered society, a path to debt and decline? Or do you want to get back to the American idea, the opportunity society with a strong safety net that is wired to getting people back to work, on to lives of self-sufficiency?"

Ryan, meanwhile, says he expects criticism.

"The president has chosen to punt, not to lead, on this most pressing issue of our generation, to wait for the Republicans to offer their plan, then attack."

President Barack Obama has wasted little time doing just that, describing the proposal as "thinly veiled social Darwinism."

"Instead of moderating their views even slightly, Republicans running Congress right now have doubled down," Obama told an Associated Press luncheon recently, adding that he believes the proposal is "so far to the right, it makes the Contract with America look like the New Deal."

Democrats charge the Ryan proposal would basically turn Medicare into a partially privatized voucher system, which the president says would increase healthcare costs and dump the burden on the country's senior citizens.

"It's a bad idea and will ultimately end Medicare as we know it," Obama said, the AP adds.

While the budget proposal faces an uphill battle in the Senate, it did win approval in the House of Representatives.

Editor's Note: Google Banned This Video But You Can Watch it Here



© 2017 Newsmax Finance. All rights reserved.

   
1Like our page
2Share
488
2012-29-10
Tuesday, 10 Apr 2012 12:29 PM
Newsmax Inc.
 

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
MONEYNEWS.COM
© Newsmax Media, Inc.
All Rights Reserved