GOP takes big swipe at federal budget
Committee Chairman Rep. Paul Ryan (R-WI) holds up a copy of Congressional Budget Office's 'The Budget and Economic Outlook: Fiscal Years 2011 to 2021' during a hearing on February 10, 2011.
April 5th, 2011
11:03 AM ET
4 years ago

GOP takes big swipe at federal budget

NEW YORK (CNNMoney) – Cut spending by $6 trillion over the next decade. Lower the highest tax rate to 25%. Radically overhaul Medicare and Medicaid.

Paul Ryan is not messing around.

FULL STORY

Filed under: Budget • Government Shutdown • Paul Ryan
soundoff (24 Responses)
  1. Don

    As long as the wealthy get their tax breaks we "other americans" can pick up the slack by having our benefits cut.

    April 5, 2011 11:08 am at 11:08 am |
  2. Aaron

    Repubs are back with their standard health care plan...Die Quickly. Rich people and corporations can't be expected to pay taxes, so don't count on any insurance from the government.

    April 5, 2011 11:10 am at 11:10 am |
  3. Tanja

    The TOP 3% EARNERS GET ANOTHER TAX BREAK!!!!!!!!!

    SO the GOP-Greed Over People party has given the SUPER RICH two tax cuts and they have created ZERO JOBS for the middle-class.

    April 5, 2011 11:12 am at 11:12 am |
  4. Luke Brown

    Don't kid yourselves. This is all about tax cuts for the rich. Never mind that these cuts will be disastrous for our economy... Mr. Ryan and his GOP cohorts have one mission in mind: Protect the rich. Protect those who fund the GOP.

    April 5, 2011 11:13 am at 11:13 am |
  5. Rudy NYC

    Gas prices hit well over $4 a gallon before Obama took office. The annual deficit was $700B during Bush's last year, and they added another $700B with TARP to raise the annual deficit to $1.4T. The stimulus added its' own $700B but was phased in gradually. Most of it hit the following years budget, which again pushed the annual deficit to well over a trillion dollars.

    During that time frame, the price of oil dropped and so did the cost of a gallon of gas. Last spring the price of oil began a steady rise with the start of the Gulf Oil Disaster, and pushed the price of a gallon of gas up and up. Middle East unrest pushed the cost of oil up again, and now we are looking at $4 gasoline in the US once again.

    The only legislation that can control the cost of oil is regulation. It is a free market. Legislating the cost would amount to socialism. But, since OPEC is beyond the reach of US legislation, any attempts or claims to able to legislate the cost of oil are false and futile. The only legislation that coud control price at the pump would be subsidiies for consumers.

    April 5, 2011 11:14 am at 11:14 am |
  6. james Miller

    Remember who got us here????? The Bush era, tax cutting, corporate loving, greedy, corrupt Republican did. Most of the ones that are busy "gutting" the budget at the expense of the largely Democratic senior citizens, the middle class and the impoverished. --– But don`t even think about taxing the top 2% (mega rich), who benefitted enormously during the past decade !!!!!???! They are frantically protecting the corporations and the ultra rich. I cannot associate any longer with THIS Republican Party. ----– They sicken me.

    April 5, 2011 11:14 am at 11:14 am |
  7. Emerson

    Paul Ryan is an idiot. Social Security and Medicare are not entitlements. Taxpayers pay for them over their work life so they are not freebies. I know that some of the GOP's constituients, like giant GE, don't understand paying your way, but the middle class does. Until you start to pare down the defense budget and take out corporate welfare you will get a very chilly reception from Americans who have the common sense to see what you and your coprorate lapdog buddies are up to.
    Can't wait for the 2012 elections.

    April 5, 2011 11:14 am at 11:14 am |
  8. @Omegaraiel (twitter)

    GOP knows Dems won't pass such a stupid budget because Dems actually care about all Americans, not just making the grossly rich richer.

    April 5, 2011 11:15 am at 11:15 am |
  9. Cosmo

    Looks like its time for the Democratic party to target this man's seat in 2012 and send him packing.

    April 5, 2011 11:16 am at 11:16 am |
  10. Molly Weasley

    America, I hope you realize what you voted for last fall. This insane budget plan would INCREASE the federal deficit by several billion dollars, because there are so many tax giveaways to the rich. And our citizens who are the worst off would fall more deeply into poverty and sickness. Paul Ryan is a budget "guru"? An irresponsible budget whacko is more like it.

    The Rethuglicans lied during the 2010 campaign (no surprise there) claiming that the health reform law "would cut Medicare." And look what they want to do now: Abolish it, give more profits to insurance companies and make it too expensive for most seniors to get coverage. If you're on Medicaid, they just want you to die more quickly, because they're not going to pay for your care. Of course, they don't want Medicare to change for 10 years, because they still think they can lure seniors into voting for them. The selfish tea partiers just care about "I got mine, including my Social Security and Medicare; screw the rest of you."

    Please be more careful next time in voting, fellow citizens. Don't just listen to GOP lies in their corporate-paid advertisements. Do your homework.

    April 5, 2011 11:16 am at 11:16 am |
  11. gt

    obama . reid and nancy control all three branches .... and they didnt try to do squat on the debt.....spent to much time on obama care, dont ask dont tell and record spending .... see if they help or hinder now...

    April 5, 2011 11:17 am at 11:17 am |
  12. Rudy NYC

    I think he forgot about controlling health care costs. I believe in the free market principles. That means when you privatize something the price goes up. That's how the free market works.

    April 5, 2011 11:20 am at 11:20 am |
  13. Kumpta Shankar

    Mr.Ryan a tea party leader has presented a budget for the next year which says that it provides a path to prosperity.My first question is where is this Paul Ryan all these years?Why he remained a near spectator when his leader Bush was taking the country down the precipice.When the country was on the brink of deep depression,where was this loud mouth?How did he not advise Mr.Bush with his ingenuous proposals.Ryan is another corporate agent who want to gift Americas prosperity.When Obamas policy has revived the wall street by 100 per cent.when job market is recovering,and country is facing middle east and tackled umpteen problems with success,,Ryans proposal are nothing more than to reverse the recovery of American economy.He cannot gain confidence of his people by simply presenting phony budget.He should have advised his master Mr.Bush not to rush into wars which has ruined the country.American people are not fools to empower Republicans to rule the country.They had enough of their rule for 8 years.God bless America.

    April 5, 2011 11:23 am at 11:23 am |
  14. SayWhat

    "Under such a system, seniors would choose from a Medicare-approved list of private insurance plans and the cost of their chosen plan would be subsidized in part by the federal government."

    And who is going to get on the list except GOP cronies. There is no way that the GOP is going to take Medicare away from Americans who have paid for it. If it is inefficient and wasteful, then reform it. Quality of care is one of the issues that the Health Reform Act is tackling, but the GOP is not interested in reform. It wants to privatize Medicare so the health insurance companies that contribute to it can get a whole new chunk of business, that will only be partially paid for by the gov't. This will not effect the rich, but it will ration care for the middle class. It sounds like GOP death panels to me.

    April 5, 2011 11:25 am at 11:25 am |
  15. diridi

    just ignore this idiot totally...in toto....o.k....they want to extend Bush tax cuts....on RICH......way to go to lose GOP idiots...way to go......o.k....Folks, my fellow Folks, just vote for Obama in 2012!!!! Enough of this GOP thugs mess.....o.k.

    April 5, 2011 11:26 am at 11:26 am |
  16. Julie Noble

    II caught an 11:00 am piece about how Republicans would reduce Medicare benefits. It used two graphics that supposedly depict "old people" over 65. One was called Medicare Marlene, the other "Nathan". These graphics were so degrading, reducing 65 year olds, even 85 year olds, to wispy, shrunken, disabled cartoon creatures resembling some kind of alien hunched over a walker. Give us a break! These were yet another reminder of how our "youth-worshipping, Charlie-Sheen-Gaga" culture looks upon its wise, beautiful and resourceful elders. Very sad.

    April 5, 2011 11:35 am at 11:35 am |
  17. ConservaFascists/FUBAR

    Mr. Ryan, your plan to cut the budget is FASCISM. While your plan is going to put the burden on seniors, poor people and children with special needs, your corporate masters will continue to increase thier premiums. On top of that you want to lower the tax rate for the wealthiest Americans to 25%?!?! If that's not FASCISM I don't know what is. Mr. Ryan, we have a revenue problem. I heard you on Fox the other day and you said "we don't have a tax problem." Au contrare mu frere. That's BS!!! Yes, we do have a spending problem, but the wealthy are not paying their fair share. This is supposed to be shared sacrifice. Where is the sacrifice from the top 2%?

    April 5, 2011 11:39 am at 11:39 am |
  18. Biggge

    The Repub's brianwashed the elderly into voting for them and then stab them right in the back...Tax breaks for the wealthy and then lowering taxes for the wealthy and cutting medicare on elderly...

    April 5, 2011 11:41 am at 11:41 am |
  19. fayse

    And yet they want to make the Bush tax cuts permanent and they are not willing to increase taxes on the rich. GE paid no taxes for 2010. The Republicans are making a big speech to satisfy the Tea Party yet, what is their track record? The new TP members are getting their marching orders from the Tea Party and that fringe group wants the Government to shut down. The families of the Military fighting over seas will not get their paychecks on time. The Tea Party ar all nuts.

    April 5, 2011 11:43 am at 11:43 am |
  20. juliei4

    And and even bigger swipe at the middle class to pay for corporate cuts and tax cuts for the wealthy. Bend over middle America.

    April 5, 2011 11:54 am at 11:54 am |
  21. Obama 2012

    Only a Republican's proposal for lowering the deficit would include reducing taxes. I wonder if these guys actually take themselves seriously?

    April 5, 2011 11:55 am at 11:55 am |
  22. guy from NM

    Did not see anything about cutting down the Pentagon. Just another case of fluff.

    April 5, 2011 11:56 am at 11:56 am |
  23. Lisa P

    Paul Ryan *is* messing around, with people's lives and this country's future, and he hasn't got a clue. He's Alfred E. Newman playing at being John Galt. Very sad.

    That the GOP would let him, or would pretend this plan is anything but a disaster, tells you just how low the Republican Party has sunk. It may be best to just drown it and start over again fresh.

    April 5, 2011 12:06 pm at 12:06 pm |
  24. Sniffit

    "Paul Ryan is not messing around."

    Indeed. He is a "Very Serious Person" hellbent on absolutely screwing the middle-class out of existence and handing absolute control over the country and our government to corporations and the extremely rich...before those demographic shifts that have the GOP and conservatives so terrified take place and completely hose the GOP as they fear. Yes, the Bush Tax Cuts from 2001 and 2003 worked out sooooo well, that we should go 10 steps further and completely eviscerate the federal government's revenue such that the only thing left of the federal governmnet is the military, which giant corporations can then use the GOP to send about the world raping and pillaging natural resources in thinly veiled false flag wars and fabricated "spreading freedom" missions. The only thing getting spread here is the middle-class's butt cheeks...and you know what comes next.

    April 5, 2011 12:08 pm at 12:08 pm |