Ryan making the budget sales pitch
April 5th, 2011
09:32 AM ET
11 years ago

Ryan making the budget sales pitch

(CNN) - On the same day he is set to unveil a budget proposal that calls for slashing the debt by $4.4 trillion over the next 10 years, Republican Rep. Paul Ryan of Wisconsin is making his sales pitch in a new web video.

The three-minute YouTube video posted by the House Budget Committee features Ryan walking through the most pressing budget problems, including the fact that in 2013 it is projected 68 cents of every tax dollar will go toward paying for health and retirement entitlements as well as paying interest on preexisting debt.

The video comes the same day President Barack Obama has invited congressional leaders for a meeting Tuesday to try to push through a budget deal three days before the deadline to avoid a partial government shutdown.

Ryan, considered a rising star in the party, is chairman of the House Budget Committee.

Filed under: Paul Ryan
soundoff (57 Responses)
  1. Mark from Louisiana

    "I am confident that this country will default on its debt," Bill Gross wrote this week.

    Bill Gross is not some anti-American crackpot... quite the contrary. He manages the world's biggest bond fund.

    As the founder and chief investment officer of PIMCO, he's responsible for over $1.2 trillion in assets – mostly in bonds. And last month, in his main bond fund, he got rid of all of his U.S. government bonds.

    "[I've] been selling Treasurys because they have little value within the context of a $75 trillion total debt burden," Bill said. "Unless entitlements [namely Social Security, Medicare, and Medicaid] are substantially reformed, I am confident that this country will default on its debt."

    April 5, 2011 09:42 am at 9:42 am |
  2. diridi

    This idiot does not know a darn thing of and about Budget....you know who suffers, if cuts are made in medicare, and medicaid, American Old Coots.....you know who is the benefiting partner for idiotic GOP thugs, it is insurance....just know. You know who ls the loser and work hard for their services...MDs, PAs. who see their patients.....I told you these GOP thugs mess our nation, further, further, and even further....watch.....Ryan, you are a kid....does not know....just be behind your mom...o.k,,,,,I do not now how the idiot elected....I think we need to pass senate and congress term limits....God, please give birth to another white Obama for this action....please....we need term limits....for congress and senate...

    April 5, 2011 09:50 am at 9:50 am |
  3. mgc florida

    This would fly better Ryan if you were asking the rich to share some of the pain. It is beyond belief that you want to lower their tax rate yet the middle and poor classes have to assume huge additional liabilities. What the hell is the republican party up to????

    April 5, 2011 09:51 am at 9:51 am |
  4. Anonymous Coward

    This guy is full of BS. Do you think this guy and his cohorts would be doing this if the President was a Republican? Heck no! Where were all these clowns from 2000 to 2006 when they had control of both houses and could go and cut that 'horrible' debt. Exactly. These guys are all lying sacks of manure and the GOP is the worst. We had 18 months of job growth and then people turned around and voted these guys back? You do remember that the GOP got us to this point right?

    April 5, 2011 09:51 am at 9:51 am |
  5. gt

    will see if the democrats are serious now.....

    April 5, 2011 09:53 am at 9:53 am |
  6. Republicans Are The American Taliban

    So I guess those tax breaks for the ultra rich demanded by the Republicans, were a really bad idea huh? I guess the loopholes to the corporate tax structure meted out by the Republicans, were a really bad idea huh?So I guess the two unnecessary wars in Iraq and Afghanistan that were funded "off the books" for years, based on lies and deception fostered by the Republicans, were a really bad idea huh?

    April 5, 2011 09:55 am at 9:55 am |
  7. Marry

    Bravo, bravo! They did something! Well, we do not know what – and why at the last minute – but wow! However, I do not think it can be very good because if it were, they could have come up with it earlier so we can see what it is. Perhaps, when we see it is cutting again only things that affect us instead of things that may affect the filthy rich as well (fat chance when the GOP/TP “knits” the budget!), enthusiasm will die down quickly. And you better check out carefully what they want to “shove down” on you!

    April 5, 2011 09:57 am at 9:57 am |
  8. The Real Tom Paine

    This coming from the man who wants to have seniors put their Social Security into the Stock market: does anyone really need to see the rank stupidity of doing that? Ryan is forcing an ideology, not a solution, on the public.

    April 5, 2011 09:58 am at 9:58 am |
  9. John

    It's a death panel proposal. The only way it saves money is by handing over life and death decision to the insurance companies. Medicare was a guaranteed benefit. This new plan will provide benefits only to those whom the insurance companies find it profitable to cover.

    April 5, 2011 10:01 am at 10:01 am |
  10. Republicans Are The American Taliban

    It's funny how the Republican Taliban are only concerned about the national debt when they are out of power. They then use it as a tool to trick unsuspecting gullible Americans into voting for them, with promises of how they will fix it, and fear about what it will do to our nation. They neglect to mention that it was them who created a majority of the problem in the first place. if their campaign of lies, hate, and fear do get them reelected....they forget all that rhetoric and do what they have done in Wisconcin, Ohio, and other states foolish enough to believe them. Vote Republican America, if you want to return to the stone age!

    April 5, 2011 10:01 am at 10:01 am |
  11. Sniffit

    Politifact and Factcheck are going to have a field day with this hot garbage.

    But hey, would ya look at that? Public debt as a percentage of the economy DECLINED THROUGHOUT THE 50's. Gee, I wonder if that had anything to do with the higher tax rates for the obscenely rich. Who knew? Clearly, the economy was in a shambles in the 50's and everything was crumbling around us because of it. What an awful awful time to have been an American trying to make ends meet and get ahead in life.

    April 5, 2011 10:05 am at 10:05 am |
  12. Proud member of "Global Zero"

    If the democratic party cannot come out and call this for what it is...shame on them. People, you have to vote in EVERY election. All politics is LOCAL. Get involved!

    April 5, 2011 10:06 am at 10:06 am |
  13. Claudia, Houston, Tx

    Ryan and the GOP are the party of "Apartheid", using politics to discriminate against the Middle Class and poor. Ryan's budget plan is no different than the Republican Governors who stripped away collective bargaining from their voters only this time it's to strip away the benefits of the most volunerable while protecting the rich. Anything else they propose is just window dressing of deception.

    April 5, 2011 10:08 am at 10:08 am |
  14. John PA

    We can all guess what they did. They came up with a plan to further gouge the middle class and pad the pockets of the wealthy. There may be some new tax loopholes for big business as well; that'll force them to hire, right? Hey, middle class, feeling the pain yet? The GOP is a shame and an embarrassment to our country. Hey, I don't remember collective bargaining discussed when they were stumping for votes last time around, do you? It was all about "job, jobs, jobs!" We'll see if the voters fall for this yet again.

    April 5, 2011 10:09 am at 10:09 am |
  15. America Shrugged

    Does anyone notice that the only ones being asked for a shared sacrafice are the lower middle class working people and the poor? The rich and the Tea Party Seniors aren't going to feel the pain. They'll continue to get their Medicare joint replacements, stents, diabetes care for life, post heart attack/stroke care, and SS, paid for by those of my and successive generations, but in 20 yrs when I turn 70, I might get to retire, get a voucher to help pay premiums if I'm lucky enough to qualify for HC insurance. The Government made a pact with every American when they took their first official job...Pay into Medicare and SS now, and it will be there for you...Yeah, right, the TeaParty ( RW of the GOP) are destroying the American Dream. 3rd world status, here we come.

    April 5, 2011 10:10 am at 10:10 am |
  16. unretired05

    Look at your chart and realize that you have to raise taxes. The Bush tax cuts and wars broke this country. The T-party wants lower corporate taxes, how can they pay less than nothing? They also get corporate "incentives" and "subsidies", government giveaways that are welfare for the rich. All paid for by hiring lobbyists and making unlimited donations approved by Supine Court. Yes I can spell.

    April 5, 2011 10:11 am at 10:11 am |
  17. bcrunner

    They plan more tax cuts for the wealthy and the corporations, less regulations so we can have more oil spills, more coal mine accidents, more planes falling apart in the air.... more business for the insurance companies, and for the average Joe, less social security, no medicare, no medicaid for the poor, and by the way, this is where you really will see the death panels again like we saw in the past... insurance companies not wanting to pay for grandma's surgery, hip replacement, etc.

    April 5, 2011 10:12 am at 10:12 am |
  18. Sniffit

    "What the hell is the republican party up to????"

    Handing complete control over the nation's political and electoral processes to corporate America and the extremely rich in hopes that they will return the favor by making them their permanent proxy puppets running the government on their behalf...they're scrambling to beat the clock: all those demographic shifts that will take away white majority and give it to groups who traditional vote Dem are creeping up on them. If it means the rest of us have to be reduced to indentured servitude or functional serfdom so that we are so utterly beholden to our employers that we dare not try to take the country back from them, then SO BE IT, right?

    April 5, 2011 10:12 am at 10:12 am |
  19. DD

    I'm simply not seeing ANY talk about the two of the biggest drains on our government, foreign occupation/war & foreign aid. I can't understand how any deficit reduction & budget can be justified, that hurts the most vulnerable US citizens, yet continues to pour unabated money into other people's countries.

    April 5, 2011 10:12 am at 10:12 am |
  20. Anonymous

    Another politician that forgot that Social Security and Medicare are paid for from OUR PAYCHECKS! Contributions from employees andd employers is where the funding comes from. You want to overhaul the programs- start by leaving their funds alone and putting back the billions used in the 21st cenurty to fun tax cuts. I wonder what the actual numbers are for tax cuts for wealthy Americna that beed neither SS or Medicare and the moey taken from the programs.mmmmmm

    April 5, 2011 10:12 am at 10:12 am |
  21. Sgt. Joe.

    A total bundle of crap; same old Republican policies that got us into this mess in the first place. The middle class has no chance with GOP leadership. "Permanent" tax breaks for the wealthy; now isn't that just precious?

    April 5, 2011 10:13 am at 10:13 am |
  22. Emerson

    @ jOHN – You are right on the money. Not ony does the GOP get to feed the coffers of their friends, the insurance companies, we would be back to wsquare one where an insurance company can cap your benenfits or refuse to insure you when you get really sick. The idea is to reduce the cost of health care by maiking it more efficient not handing the health system over to those whose only motive is to make money. This is a legitimate death panels issue. Some of us have paid into Medicare for thirty or forty years and now you are going to play bait and switch? This has got to be a wake up call to the middle class to stamp out the GOP, because they are comign after us with a vengence.

    April 5, 2011 10:13 am at 10:13 am |
  23. musician

    2/3 our tax dollars going to help people in America. OMG. How awful. We need to turn those numbers around so that a much greater percentage is going toward corporate welfare and military campaigns.

    April 5, 2011 10:14 am at 10:14 am |
  24. Rudy NYC

    Hmm. His own graph contradicts whatever point he is trying to make. Compare "WW2" and 2011. I understand that he is trying to show the future. But, does he understand that what he is showing what current policies are doing to this country? Policies that have been mostly instituted by his own party?

    Most of the future increase will be due to drop in GDP just as much as increased spending as costs rise. He claims to create jobs with his plan, but fails to explain how these jobs would come about. That forces me to assume that the jobs would just materialize out of the water trickling down from above.

    Okay, give him benefit of the doubt. He is trying to show that his party wants to change policies. Or is he? I cannot even force myself into believing that. All I see is more of the same policies that led to recessions under Reagan and Bush, Jr.

    Privatization is not going to save money. Explain how putting a middle man ( who takes a cut ) in the process cuts costs. Anyone? I really need to know. Prove it, and I will sincerely believe it. This plan is an escalation of the 30 year war on the middle class to now include those least financially stable in this country.

    His solution is that his plan will put them on the path to gainful employment. Sorry Mr. Ryan, my grandmother is retired, invalid, and cannot work. Sorry Mr. Ryan, that disenfranchised segment of our population who cannot find ever jobs ( like ex-convicts, etc. ) would be excluded. Unfortunately, such exclusion would be for the overall detriment of society, would not serve the greater good, and would only serve to make those at the top more wealthy.

    April 5, 2011 10:14 am at 10:14 am |
  25. T

    Okay Tea Party......don't take away my medicare..........but give more tax breaks not 35 % but 25% to the ones with millons and millons of dollars. Okay Tea Pary and you old Rep..... don't take away my social security but invest my monies so Wall Street can have fun with it. What a joke People keep your eyes open because the GOP is in the lane of making the US a third world country..........Vote them out before they destroy the middle class, the old ,the poor , education and etc. Vote them out and if you believe any of the evils than you are evil too and can't think for yourself. This is a Shame what evil deeds GOP>.

    April 5, 2011 10:16 am at 10:16 am |
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