Washington (CNN) - The chairman of the House Budget Committee said Sunday that if early reports are accurate, President Obama is "abdicating leadership" on the debt crisis by proposing a budget that will continue to raise the national debt.
"The president is elected to lead and to face the country's biggest challenges," GOP Rep. Paul Ryan of Wisconsin said on "Fox News Sunday." "The country's biggest challenge domestically speaking, no doubt about it, is a debt crisis, and I'm really hoping that he is going to give us a budget that tackles this debt crisis."
The plan Obama will release Monday will cut the deficit by $1.1 trillion over 10 years and include a five-year freeze on non-security discretionary spending and cuts to education grants, according to his budget director, Jacob Lew.
Ryan declined to say the president's budget would be "dead on arrival" in Congress, adding that he needs to see the full text before making a final determination.
But if "he (Obama) is talking about coming and having new spending, so-called investments, that is not where we are going," Ryan said.
House Speaker John Boehner said the president's yet-to-be released budget will impede the country's recovery.
"He's going to present a budget tomorrow that's going to continue to destroy jobs by spending too much, borrowing too much, taxing too much," Boehner said Sunday on NBC's "Meet the Press."
The Ohio Republican sent a letter to Obama on Sunday – signed by 150 economists – urging him to reduce spending and reduce the deficit.
"We're broke," Boehner said. "What's really dangerous is if we continue to do nothing and allow the status quo to stay in place."
He defended the cuts included in the plan House Republicans unveiled Friday and said there is "no limit to the amount of money that our members want to cut."
The new GOP plan would cut government programs including scholarships, family planning, school counseling and Teach for America, and if enacted, fund the government for the final seven months of the fiscal year once the current continuing resolution expires in March. The GOP plan was met with criticism from Democrats who said the spending cuts were too steep.
As for the Republican budget proposal, Boehner said the plan will include cuts to entitlement programs, which the president's budget will not address.
– CNN's Dana Bash and Jeanne Sahadi contributed to this report
Hypocrites! They dis Obama after they with Bush nearly bankrupted the country with two unending wars, tax cuts that eviscerated the economy (except for the upper-income group) and their own astronomical spending and borrowing. Heck, even the Republican National Comm. is in the red. Do they hate America or something?
The new age of the GOP seems to be operating on a level somewhere close to a cult. Their financial "targets" will obviously have a huge impact on a certain class/race of Americans. I do not want to be the one to throw out the "race" card specifically, as I don't really think there is a specific race targeted, but it would be ignorant to ignore the fact that the GOP proposal will in fact have devastating results in cultural warfare! If low income, and even middle income Americans continue to suffer the consequences of poor decision making and policy writing by the government, we will start fighting each other for the scraps left to us. This is literally becoming the fight of the fitest, and of course those with money will be the victors~
"We're broke," Boehner said.That is why we gave a tax break to the rich folk so they could hire everyone as their personal shoe shine boys. The Republicans are hell bent on shutting down America for anyone but the ultra rich and corporate elite.
I still don't see the $36 billion given to Exxon, Chevron and Shell on the chopping block. These corporations are making record profits and get millions back yearly. Let's talk the talk but not walk the walk. Main Street shouldn't be the only ones feeling the cuts. My husband, age 59, has been unemployed for 2 years. No extended unemployment. Have used all savings and things are getting to the nitty, gritty. Where are the jobs they promised? I'm tired of hearing the same word from the gop, "uncertainty". The rich have given their marching order to Cantor – no new jobs. Their goal, as stated by Bachman, will be gop in the house, senate, and white house. What a nightmare....I see an Egyptian moment coming!
The White House claims their budget will trim 1.1 trillion from the deficit, the republicans claim it will rise the deficit, both sure as hell can't be right. I side with Obama since I don't believe the republicans is capable of telling the truth, EVER.
Why won't Cantor, et al cut the new F-35 engine that no one in the military wants? Is it because his buddies would lose big federal bucks? The government "can't create jobs" according to the Republicans, but our tax dollars sure as heck can pay for non-essential stuff so Cantor's friends can "create" jobs, and skim some of our tax dollars off of the top for a new car, second house or boat. I own shares in two major oil companies, and both are making money like gangbusters, but for some reason some people in congress seem to think they need tax breaks, where is the logic in that? It is nice to see the high dividends, but not at the expense of the taxpayers. It should be my risk and my reward, NOT taxpayers risk, my reward.
a 4 year old knows (but somehow the GOP doesn't) that the iraq war put us in this debt.. bailing out a failed banking system that swindled the American public put us in this debt.. the GOP itself is 21 million is debt.. they can't run a party.. they can't run a country.. makes me wonder why they're still relevant ? please get them out of here before they send this country to hell.. literally
And why shouldn't they. His budget is spend, spend, spend. He doesn't know how to cut anything that will not affect the military, social security, medicaid and healthcare. He has no knowledge of how he will pay for Obamacare. But he intends to pass it right along. His biggest asset is his followers who think, (IREALLY DON'T KNOW WHAT THEY THINK HERE FOR THEY'RE NOT PAYING ANYTHING ANYWAY NOW), THEY WILL GET SOMETHING FOR NOTHING. YEAH WELL SOMEONE HAS TO PAY AND IF IT IS THE ONES WHO WORKED THE HARDEST TO MAKE THE MOST MONEY THEN SO BE IT. That's the socialist way. Why would I think any different of these people.
The extremely wealthy have so much right now due to all the great legislation passed over the last 2 decades that allowed them to make and keep more and more money. They didn't create jobs or help with infrastructure. They didn't invest in their communities. They realized they could get more by shipping jobs overseas, downsizing companies using technological advances, and hiding their money with "creative" investments, and tax shelters. They could because they paid lobbyists to get bills passed they needed.
These Republicans have no shame. They can't even recognize the clowns they are to most Americans. And by the way, Social Security is self-funded and not a giveaway. It is not contributing to the debt crisis and it is in the black. It is true that some modifications should be made but not necessary for drastic changes there. If Paul Ryan is the best they can come up with for a financial expert, that is trouble. He wouldn't even make a financial officer or actuary at the large company I work for. Oh, that's right, he is not an actuary – probably not even a CPA.
The new GOP plan would cut government programs including scholarships, family planning, school counseling and Teach for America, – Yea these cuts will make sure that a lot of American peple stay dump which is all the Republicans voters. Only dump American people vote for Republicans so this is why they are attaching educations programs.
Anyone seen the bill yet?
These is DOA.
The GOP wants to cut every program except their own greed program and the many millions of wealthy dependent on them.
The President has just put the Fiscal Republicans to shame.
Until Ryan and the GOP start talking about cutting the defense budget and eliminating corporate welfare to oil and energy interests and agribusiness, they are just flapping their gums and wasting time playing political games.
"(Obama) is going to present a budget tomorrow that's going to continue to destroy jobs by spending too much, borrowing too much, taxing too much," Boehner said, despite risking appearing blatantly hypocritical, Sunday on NBC's "Meet the Press."
"He's going to present a budget tomorrow that's going to continue to destroy jobs by spending too much, borrowing too much, taxing too much," Boehner said, despite risking appearing blatantly hypocritical, Sunday on NBC's "Meet the Press."
......and of the 150 'economists' not one of them is from a top-tier institution. Grats Boehner! Way to get all the C+ students to endorse your ideas.
Saw Boehner's FB page bragging about cutting $100 Billion from the budget - who is he kidding when we have a $14 trillion deficit?? Obama's proposals aim to cut $1.1 Trillion over 10 years and put people to work, building industry and creating jobs. The GOP has no clue how to govern, I think they contributed something like $7.0 Trillion to the deficit from 2001-2008. Good job guys. Obama's plan is working folks ... the little secret the GOP is terrified you'll find out.
Republicans complain, campaign and instead of using no their new word is repeal. Republicans have become no more than street thug "gang bangers".
where the hell were all these watchdogs of our govt. budget and brilliant economic experts ten years ago?????? why weren't they telling the current president that we couldn't afford 2 wars???? that we couldn't afford to continue to give tax breaks to businesses that were outsourcing jobs.......where were they then??????????
Just a friendly reminder - "entitlement" programs are programs we pay into each payday folks, like social security and those pesky unemployment taxes we conttibute too. Did you know that the Baby Boomers have paid more into SS than any other generation and have therefore supported more folks who received SS, and that the govt was not supposed to borrow from this fund and that if the govt had not borrowed from this fund, it would be fully funded to something like 2045? So the politicians need to (a) keep their stinking hands off my SS or (b) pay ME back everything I have paid into it in the last 45 years, lump sum, then they can start cutting it. Any lawyers out there up for a class action, I'm ready.
Billionaires looting and controlling the country, high unemployment and stagnant wages for the rest. Egypt or the US? Well both actually.
If the hard line conservatives and tea party had been in charge in 2008 we would be in a deep depression right now. GM and Chrysler gone and anyone with a 401k or stock or bond investment would be broke.
Now the Republicans want to cut regulations, cut help for the poor, cut infrastructure funds for all of us and give more tax breaks to the wealthy. They are bought and paid for by the super wealthy.
How about rolling the tax rates back to the rates during the Reagan era? I think they were around 60% for the top.
Is there anything Obama as done, is doing or will do that these losers won't whine about? This has gotten old. Conservative made gains last election. The approval rating of congress is 23%. There seems to be buyer's remorse. The same conservatives who had no objections to preforming abortions using 500 lb bombs have made abortion a big deal. These folks whined about our national debt but added 700 billion more by giving the wealthy tax cuts. Their solution for unemployment is to cut more jobs.