Paul Ryan: 'I'm Not Talking About' Debt Issues Today

Ano honest Question About the Debt Ceiling
So we seem to be facing a problem: Treasury Secretary Timothy Geithner warned congressional leaders Thursday that the government could reach its borrowing limit by spring and failure to raise it could affect millions of American jobs. The government will reach the limit between March 31 and May 16, Geithner said in a letter to congressional leaders. Not increasing the $14.3 Trillion Debt Limit could lead to Job Losses, he said. Inaction could drive up Interest Rates and make it more costly f...

Republicans take over House, dilute cuts
By Thomas Ferraro and Andy Sullivan WASHINGTON | Wed Jan 5, 2011 12:45pm EST WASHINGTON (Reuters) - Republicans scaled back plans for deep cuts in Government Spending as they took power in the House of Representatives on Wednesday, diluting a key promise that helped them to victory in November's election. A senior Republican also signaled the party could work with the administration of President Barack Obama, a Democrat, to avert a Debt crisis in the coming months. "Our spending has caught up...

Rep. Paul Ryan comes up short on specifics for spending cuts
Perhaps one of the reasons the House Republicans are reneging on their Spending Cut pledge is because, well, they don't have a clue what they're doing. Here's wunderkind Paul Ryan, unable to come up with one specific cut. MEREDITH VIERA (HOST): You say Discretionary Spending — give me specifics. Where are you going to cut? Are you gonna cut transportation, education, Medicare — what are you going to cut? RYAN: That is what is gonna happen in the appropriations process down the road....

Paul Ryan: Obamacare Is a Fiscal Train Wreck
Get alerts when there is a new article that might interest you. The Democrats' Health Care law is a Budget buster. Misleading claims on its Deficit impact exclude the $115 billion needed to implement the law and over $500 billion in double-counting Social Security Payroll taxes, CLASS Act premiums, and Medicare reductions. The law was written to measure 10 years of Tax Increases to offset 6 years of new spending. The Democrats stripped costly provisions that were included in [the] initial score,...

Vieira to Paul Ryan: It Feels Like the GOP is Out For 'Revenge'
NBC's Meredith Vieira wasted no time in jumping down Paul Ryan's throat, on Wednesday's Today show, as she said it appeared the Republican Party did not care as much about creating jobs, since they seemed to be more focused on repealing ObamaCare, which the Today co-anchor characterized as "an act of revenge." For his part the Wisconsin Republican Congressman responded that repealing Obamacare law had everything to do with creating jobs since, as he educated Vieira, "T...

Watch Paul Ryan Live
Get alerts when there is a new article that might interest you. Paul Ryan will soon sit down for a conversation with Wall Street Journal editorial page editor Paul Gigot. e21 and the Manhattan Institute are sponsoring the event, which will be at the National Press Club in Washington, D.C. from 12-1 p.m. Bill Kristol will be introducing Ryan and Gigot. You can watch live on C-SPAN3 or online, here. The new Republican majority in the House has promised to reign in the federal Budget by cutting spe...

Paul Ryan: Actually, Obamacare Will Increase Budget Deficit by $700 Billion Over 10 Years
Get alerts when there is a new article that might interest you. Budget Committee Chairman Paul Ryan said this afternoon that contrary to claims that ObamaCare will reduce the Deficit, it will actually increase the deficit by roughly $700 billion dollars. Ryan said this afternoon at the National Press Club that the only reason a Congressional Budget Office letter claims the national Health Care law will reduce the deficit--i.e. bring in more revenue through tax hikes and Medicare cuts than it sp...

Rep. Paul Ryan: Republicans Are Not Backing Out Of Spending Cuts Pledge
This is something Rep. Paul Ryan confirms to National Review, saying “We are halfway through the Fiscal Year now, a continuing resolution occurred and so the score of that policy is not $100 billion anymore, it’s something lower than that.” By passing a continuing resolution in the Lame Duck session of Congress (as opposed to the $1.1 Trillion, porked-up omnibus spending bill Democrats wanted) Republicans locked in current levels of spending until a new Budget can be passed. Ry...

Republican to push inflation-only Fed bill
WASHINGTON (Reuters) - A top Republican on Thursday said he will push for Legislation paring back the Federal Reserve's mandate to focus solely on controlling Inflation, not ensuring Full Employment. Representative Paul Ryan, the new chairman of the House of Representatives' Budget committee, made the comments a day after his party took formal control over the House. Republicans have made no secret of their desire to impose more limits on the U.S. Central Bank and have been critical of it on a n...

Republican to push inflation-only Fed bill
WASHINGTON | Thu Jan 6, 2011 2:13pm EST WASHINGTON (Reuters) - A top Republican on Thursday said he will push for Legislation paring back the Federal Reserve's mandate to focus solely on controlling Inflation, not ensuring Full Employment. Representative Paul Ryan, the new chairman of the House of Representatives' Budget committee, made the comments a day after his party took formal control over the House. Republicans have made no secret of their desire to impose more limits on the U.S. centr...

Republican to push inflation-only Fed bill
Representative Paul Ryan, the new chairman of the House of Representatives' Budget committee, made the comments a day after his party took formal control over the House. Republicans have made no secret of their desire to impose more limits on the U.S. Central Bank and have been critical of it on a number of scores, including its plan to buy an additional $600 billion in Government Bonds to try to speed up a sluggish Economic Recovery. Opponents of that action, including a number of Republican l...

Republican to push inflation-only Fed bill
WASHINGTON | Thu Jan 6, 2011 2:13pm EST WASHINGTON (Reuters) - A top Republican on Thursday said he will push for Legislation paring back the Federal Reserve's mandate to focus solely on controlling Inflation, not ensuring Full Employment. Representative Paul Ryan, the new chairman of the House of Representatives' Budget committee, made the comments a day after his party took formal control over the House. Republicans have made no secret of their desire to impose more limits on the U.S. centr...

Healthcare law repeal hurts deficits: CBO
WASHINGTON (Reuters) - An effort by Republicans in the House of Representatives to Repeal the healthcare law enacted last year would add to already huge federal Budget Deficits, the Congressional Budget Office warned on Thursday. In a preliminary estimate of Legislation the House is set to begin debating on Friday, the CBO said repealing the law that President Barack Obama and his fellow Democrats enacted would "increase federal Budget deficits over the 2012-2019 period by a total of roughly $14...

Healthcare law repeal hurts deficits: CBO
WASHINGTON (Reuters) - An effort by Republicans in the House of Representatives to Repeal the healthcare law enacted last year would add to already huge federal Budget Deficits, the Congressional Budget Office warned on Thursday. In a preliminary estimate of Legislation the House is set to begin debating on Friday, the CBO said repealing the law that President Barack Obama and his fellow Democrats enacted would "increase federal Budget deficits over the 2012-2019 period by a total of roughly $1...

The CBO Rebuts Republican Claims About the Affordable Care Act
The CBO knocks down the Republican claim that the Health Care Legislation passed last year is a "job-killer." The CBPP explains: No Evidence for House Republican Charge that Health Reform Is a “Job-Killer”, by Chad Stone and Paul N. Van de Water: Health reform will change the American Economy in many ways over the next few decades, but it will not significantly change the number of jobs or the Unemployment Rate. A nonpartisan economic assessment by the Congressional Budget Office...

Obama 2011: Raise the Debt Limit! Obama 2006: Dont You Dare Raise the Debt Limit!
What a difference five years makes. President Obama‘s economic spokesman Austan Goolsbee has turned into Chicken Little, demanding the nation’s Debt Limit be raised above the current $14.3 Trillion (excluding unfunded liabilities). But in March 2006, then-Senator Barack Obama (D-Ill.) passionately opposed raising the then-$9 Trillion National Debt limit. Here’s what Obama said back then: The fact that we are here today to debate raising America’s Debt Limit is a sign of le...

White House Defends Obamas Senate Vote against Raising Debt Ceiling But Warns of Catastrophe If GOP Doesnt Raise Debt Ceiling
Wednesday, January 05, 2011 By Fred Lucas President Barack Obama is saluted as he arrives at Andrews Air Force Base, Md., Tuesday, Jan. 4, 2011, from Vacation in Hawaii. Col. Lee DePalo, commander of the 11th Wing, is at left. (AP Photo/Carolyn Kaster) Washington (CNSNews.com) - The Obama Administration is warning of catastrophic consequences if Congress does not increase the Debt ceiling, the legal limit on how much the Federal Government can borrow, but Obama held a different view on th...

Geithner Says U.S. Could Hit Debt Limit By March 31
WASHINGTON (By David Lawder and Glenn Somerville) - The United States may hit the legal limit on its ability to borrow by March 31 and faces serious consequences unless Congress acts by then to raise it, Treasury Secretary Timothy Geithner said on Thursday. "Even a short-term or limited default would have catastrophic economic consequences that would last for decades," Geithner said in a letter to U.S. Senate Majority leader Harry Reid that was issued by Treasury. Geithner said it was hard to ...

Train Wreck TV: MSNBCs Debt Ceiling Demonstration Leaves Viewers Baffled
On MSNBC ’s Jansing & Co., reporter Richard Lui was worried all this talk about the Debt ceiling was too confusing for viewers and was determined to do something about it. Therefore, in an effort to demystify the economics, Lui staged a demonstration of the process and prompted to confuse viewers about something else entirely as they wondered what in the world were they watching? In the reenactment, Lui played the part of “spending” and the coveted role of “debt ceil...

Speaker Boehner: GOP Will Not Increase Debt Limit Without Spending Cuts
Shouldn't Obama be in 100% agreement with Boehner here? Didn't he promise to reduce the Deficit by going through the Federal Budget line by line and get rid of those programs that do not work? gatewaypundit reported Speaker John Boehner said that Republicans will not agree to increase the Debt Limit without Spending Cuts. Boehner released a statement: Washington (Jan 6) House Speaker John Boehner (R-OH) issued the following statement on the Debt limit: “ I’ve been notified that the...

If I Had A Gavel...
As we see and hear all the talk about the new Congress, especially the newly-Republican House of Representatives, we hear speculation and advice for how the new majority should carry out the People's business. And I had a few thoughts of my own. Were I the new Speaker of the House, I know exactly what my first order of business would be. I would schedule a vote on the ObamaCare Repeal bill. I would allot a whole week for debate on the issue -- then ask those who support Repeal to yield the enti...

Fraud
On his show yesterday, Hugh Hewitt interviewed Paul Ryan about his plans during the next Congress: HH: In terms of the staff that you’ve got coming to Budget committee, out of the culture of Washington, they’re all kind of suspect. Where are you finding the people who are going to have sort of the immunity to the spending disease? PR: Well, I just hired somebody from the National Review. He knows his audience. But you don't need someone from NR to cut spending. We all know how to cut t...

Boehner defends GOP against charges it's backtracking on promises
Washington (CNN) - Under fire for already backtracking on promises for more openness, House Speaker John Boehner admitted Thursday there are limits. "I promised a more open process. I didn't promise that every single bill was going to be an open bill," said Boehner during his first news conference as the new House Speaker. "There will be many open rules in this Congress, just watch," he said. Boehner was responding to a question from CNN about the fact that House Republicans plan to bring a hea...

House budget chairman says deeper cuts ahead
"If people think we're afraid of cutting $100 billion they've got another think coming," House Budget Committee Chairman Paul Ryan said Thursday. "That's just a down payment." Ryan's comments come one day after he and other Republicans said they would not reach their target of $100 billion in immediate cuts, prompting conservative complaints that they were not living up to their campaign promises. Republicans had promised before the November Elections to roll back federal spending to 2008 level...

Bipartisan embrace of House budget cut
It's not just the Republicans who see the need to cut spending. The House has just voted to slash its own Budget with a nearly Bipartisan vote, 410-13. The move will reduce spending on operating the House of Representatives by $35 million, not a huge amount but considered to be a gesture from Republicans to voters that they are serious about reducing federal spending. Democrats showed little interest in opposing the move, which is projected to save $26.1 million from spending on their individual...