Paul Ryan deficit

17 Stories

Ryan's New Budget Axes ObamaCare, $5T in Spending

Would balance over 10 years

(Newser) - Paul Ryan is unveiling his latest budget proposal, and this time, he says, it'll balance in 10 years—half the time he claimed for his previous budget, NPR notes, because he's including new revenue from the fiscal cliff deal. As promised, the new plan calls for repealing ObamaCare,... More »

Is Ryan Really a Deficit Hawk?

Critics: His policies don't match his words

(Newser) - Paul Ryan talks a good game on deficit reduction, but his numbers don't quite match his words, critics tell NPR . Under his plan, "even with optimistic assumptions about revenues ... he still doesn't balance the budget for 20 years or so," says a federal budget analyst. "... More »

Ryan's Plan Is a Deficit-Hiking 'Con Game'

Paul Krugman: He's 'style over substance'

(Newser) - Paul Ryan is a media darling: Pundits can't stop praising his "seriousness." But the truth is that "Ryanomics is and always has been a con game," scoffs Paul Krugman in the New York Times . Ryan claims to be a deficit-slasher, but let's crunch the... More »

Ryan Lobbied Hard to Save Wisconsin Auto Plants

Despite free-market credo, pushed for local car plants

(Newser) - Not only did deficit-hawk Paul Ryan vote for Detroit's $14 billion emergency bailout, he also spearheaded two lavish incentive plans that gave hundreds of millions of dollars in tax breaks and benefits to keep a large GM plant in his hometown, reports the Los Angeles Times . That plant closed... More »

Huntsman: Hate Ryan Plan? Think of Something Better

Critics have a 'moral obligation' to do so

(Newser) - Jon Huntsman continues his not-quite-official candidacy with an op-ed in the Wall Street Journal today, with an eye toward tackling the $14 trillion national debt. "Unless we make hard decisions now, in less than a decade every dollar of federal revenue will go to covering the costs of Medicare,... More »

Dem Wins NY Election in Upset

Medicare debate boosts Kathy Hochul to victory

(Newser) - Democrat Kathy Hochul has scored an upset win in one of New York state's most conservative congressional districts. Republican Jane Corwin had been expected to easily win the special election in the state's 26th district but her support ebbed away after she expressed support for the GOP's... More »

GOP Rep Hits Brown for Opposing Ryan Plan

Brown breaks with party over Medicare overhaul

(Newser) - Scott Brown is taking flak from fellow Republicans over an op-ed in Politico in which he explains why he opposes the House GOP budget drafted by Paul Ryan. The Massachusetts senator, who opposes Ryan's plan to privatize Medicare, "ought to be ashamed of himself," says Rep. Joe... More »

No One's Being Honest About the Budget

Both parties' fixes amount to 'wishful thinking': Robert Samuelson

(Newser) - Republicans and Democrats both claim to have a plan to fix the budget, but neither party is offering a realistic approach. It’s time for Dems to admit that “spending control requires genuine cuts in Social Security and Medicare”—and it’s time for the GOP to recognize... More »

Geithner: Congress Will Raise Debt Ceiling

And 'Gang of 6' close to a deal

(Newser) - Congress is "absolutely" going to raise the debt ceiling, says Tim Geithner, because to do otherwise would be "catastrophic" and "the responsible people understand." "We’d tip the US economy and the world economy back into recession, depression," he said. "It would... More »

Most Important Part of Obama Plan: The 'Trigger'

Congress would have to act if 'magical' growth fails to materialize

(Newser) - Amid the reaction to President Obama's budget speech (ranging from it was terrific to it was "a disgrace" ) at least two columnists think his proposed trigger—Congress would have to cut more spending or raise taxes if deficit targets aren't met—is significant. This "may be the... More »

Where Are the Adults in DC?

Both parties are 'incompetent and cowardly,' says Kristof

(Newser) - Both the Democrats and Republicans are acting like squabbling adolescents, slams Nicholas Kristof in the New York Times . "It’s unclear where the adults are, but they don’t seem to be in Washington," he says, adding "it’s painful how vapid the discourse is and how... More »

Paul Ryan Unveils Massive Cuts in GOP Budget

At the same time, it would lower taxes on corporations, the rich

(Newser) - Republicans unveiled a bold 2012 budget proposal today that, architect Paul Ryan boasts in a Wall Street Journal op-ed, “moves the debate from billions in spending cuts to trillions.” Ryan’s budget comes in at $3.53 trillion , or $179 billion less than President Obama’s . But he... More »

New GOP Budget Would Cut $4T

Plan would drastically slash Medicare

(Newser) - In an attempt to reframe the budget debate, Republicans are proposing a 2012 budget that features $4 trillion in spending cuts over the next decade—and would end Medicare as we know it, reports the Wall Street Journal . Democrats won’t likely support the 2012 plan, helmed by House Budget... More »

Rumsfeld: I Would Have Sent Osama to Gitmo

But defense secretary wouldn't have gone to visit

(Newser) - If the US had ever come up with Osama bin Laden, the al-Qaeda honcho would likely have headed straight to Gitmo: “He’d probably be subjected to a military commission,” Donald Rumsfeld told CNN today. But the defense secretary says he wouldn't have visited: "No. He's not... More »

GOP: OK, We Do Have to Raise the Debt Ceiling

Tim Geithner warns of catastrophe if Republicans cause default

(Newser) - Tim Geithner sent a letter to Congress yesterday warning of the dire consequences the country will face if Republicans don’t raise the debt ceiling before the US hits it—and newly minted Budget Committee Chairman Paul Ryan conceded that he was right. “Will the debt ceiling have to... More »

Washington Is Waking Up to Public's Spending Fears

GOP needs to build consensus for cuts—and win back White House

(Newser) - President Obama may be just trying to save his political life with the creation of a bipartisan commission on government spending but the move shows Washington is waking up to the public's worries, writes Peggy Noonan. Concerns about federal spending and its implications for America's future have, just in time,... More »

Dems Should Be Scared of This Man—and His Budget

Rep. Paul Ryan is offering a way to avoid deficit disaster

(Newser) - President Obama's outreach to the GOP is looking pretty hollow these days: Soon after Obama told Rep. Paul Ryan that there were some aspects of his budget blueprint he agreed with, Democratic lawmakers and progressive groups slammed the radical plan as a vicious, privatizing assault on Social Security and Medicare,... More »

17 Stories