Video: Ryan slams Obama for “punt” on budget crisis

posted at 12:55 pm on February 14, 2011 by Ed Morrissey

Chris Wallace asks Paul Ryan whether the new Obama budget is “dead on arrival,” and Ryan replies in his Fox News Sunday interview that he will have to see the full proposal first. According to White House leaks, however, Ryan assumed that the budget would contain “paltry” cuts followed by spending increases recast as “investments,” along with tax hikes to raise funds. “Borrowing and spending is not the way to prosperity,” Ryan warns, and blasts the President for failing to lead:

The budget proposal was pretty much as expected from the leaks, with the addition of previously-rejected tax hikes:

President Barack Obama’s budget proposal resurrects a series of tax increases that were largely ignored by Congress when Democrats controlled both chambers. Republicans, who now control the House, are signaling they will be even less receptive.

The plan includes tax increases for oil, gas and coal producers, investment managers and U.S.-based multinational corporations. The plan would allow Bush-era tax cuts to expire at the end of 2012 for individuals making more than $200,000 and married couples making more than $250,000. Wealthy taxpayers would have their itemized deductions limited, including deductions for mortgage interest, charitable contributions and state and local taxes. …

Obama’s $3.729 trillion budget proposal for fiscal 2012 shows the deficit rising to $1.645 trillion in fiscal 2011, then falling sharply to $1.101 trillion in 2012.

This trend would trim the deficit as a share of the U.S. economy to 3.2 percent by 2015 from 10.9 percent this year, and meet a pledge Obama made to his Group of 20 partners to halve the deficit by 2013. The news was well-timed, with G20 finance ministers meeting in Paris on Friday and Saturday.

In other words, we’re not going back to 2008 budgetary levels, but instead going back to somewhere between 2009 and 2010. These are basically symbolic cuts rather than any sea change in Beltway business.


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The plan includes tax increases for oil, gas and coal producers

“Where’s that last nail, the coffin lid on our economy needs to be sealed for good.”

-PBHO

Bishop on February 14, 2011 at 12:59 PM

Left’s plan: Skyrocket spending by not letting a crisis go to waste. Return to levels still higher than what they started with and sucker the public by saying they’ve made spending cuts. It would only work on a nation of idiots.

Results of the 2008 election show that we have our fair share of said idiots.

miConsevative on February 14, 2011 at 1:00 PM

Ryan warns, and blasts the President for failing to lead:

Well, actually, Obama has been leading forcefully. In the wrong direction.

itsnotaboutme on February 14, 2011 at 1:00 PM

The question I have on Ryan is, how wide is his audience. I love his stands in many instances, but I fear the people never hear what he has to say.

astonerii on February 14, 2011 at 1:01 PM

You have to defeat it to find out what’s not in it, right, Nancy?

Christien on February 14, 2011 at 1:01 PM

Hey Congressman Ryan……….How about taking on your impotent own YOUNG GUN GOP “leadership”?

Coming up with $100 billion in “cuts” when we’re overspending 12x that?

We need THE PAPPY PLAN.

1. Seal the border.

2. 10% across the board spending cuts.

Fair, reasonable, helps fix Social Security, Welfare, Medicare, lowers crime, good first steps to restoring fiscal sanity in our Federal Government.

PappyD61 on February 14, 2011 at 1:03 PM

Ah, now does everyone see the wisdom behind installing the Consigliere of the Chicago Crime Syndicate, Billy Daley, as WHCOS? Bait and switch, just another slight of hand regularly employed by this gang of crooks.

MayorDaley on February 14, 2011 at 1:08 PM

I, for one, am enthusiastically excited about paying massively high income taxes to support the Obama agenda of massively high income taxes.

All I need first is some income.

FlameWarrior on February 14, 2011 at 1:09 PM

I, for one, am enthusiastically excited about paying massively high income taxes to support the Obama agenda of massively high income taxes.

All I need first is some income.

FlameWarrior on February 14, 2011 at 1:09 PM

You still have income?

Hey Obama, you missed one!

portlandon on February 14, 2011 at 1:10 PM

All I need first is some income.

FlameWarrior on February 14, 2011 at 1:09 PM

Don’t have income? The government will give you some for 99 weeks.

Electrongod on February 14, 2011 at 1:15 PM

Ryan is asked about slashing money for border security and defends it at 6:00 in video.

Jon0815 on February 14, 2011 at 1:15 PM

Where do all the posts keep dissaperaing to?

I posted earlier that I was concerned that Ryan does not have a wide audience. Does anyone know if the American people actually ever get his views from media sources, or is it simply preaching to the choir?

astonerii on February 14, 2011 at 1:15 PM

The plan includes tax increases for oil, gas and coal producers

Of course in Barry’s little socialist mind, NONE of those companies will PASS ON THE INCREASED TAXES. Will they?

GarandFan on February 14, 2011 at 1:16 PM

“a pledge Obama made to his Group of 20 partners to halve the deficit by 2013”

Did you get that? In two years we will be halving how much we spend over the budget. In other words, we will still be spending a lot more than we take in. Does this train go on forever?

WitchDoctor on February 14, 2011 at 1:16 PM

Ryan is asked about slashing money for border security and defends it at 6:00 in video.

Jon0815 on February 14, 2011 at 1:15 PM

We’ll never fix the fiscal problems as long as millions are FREAKING POURING ACROSS THE BORDER.

But the dirty little secret…….sssssshhhhhhh……

………..The GOP Leadership knows this.

PappyD61 on February 14, 2011 at 1:17 PM

Okay, we’ve heard Ryan talk, just like Boehner, McConnell and the rest.

When we see some action to reign in the Osama Obama regime’s economy-killing (yes, I said “killing”) spending, I’ll be among the first to stand up and cheer.

Until then, I no longer want to see/hear the “conservatives” rushing to every microphone and camera in town to “view with alarm.”

It’s too late for that.

MrScribbler on February 14, 2011 at 1:22 PM

Results of the 2008 election show that we have our fair share of said idiots.

miConsevative on February 14, 2011 at 1:00 PM

Only 27% of TEA Partiers want entitlement cuts (granted, this is from a poll and the phrasing of questions was an issue). But still, it shows that politicians who speak out of both sides of their mouth are just acting like your average American.

hisfrogness on February 14, 2011 at 1:34 PM

Look at this link, esp. the Table (click to enlarge)

Barry can see noooo way to spend less than 3.7T of OPM per year. Mostly way above that

The only reason the deficit sharply decreases is that taxes (oh, excuse me, revenue) goes sharply Upward

Taxes 2011…2.2
Taxes 2012…2.6
Taxes 2013…3.0
Taxes 2014…3.3

http://www.zerohedge.com/article/50-pick-revenue-2-years-cheat-sheet-obamas-wacky-and-wonderful-budget

r keller on February 14, 2011 at 1:36 PM

As well, I got a Valentine’s Day message from my junior senator that made me swoon…

Washington, D.C. – U.S. Senator Marco Rubio today issued the following statement regarding the President’s budget proposal:

“Sadly, the President has missed a golden opportunity to have an adult conversation with the American people about the seriousness and urgency of our debt crisis. The President’s budget falls far short of tackling our national debt in a serious way. Although we face a $1.6 trillion deficit and a staggering national debt that exceeds $14 trillion, the President’s proposal would add $7.2 trillion of new debt over the next ten years. The fact that the President’s ten year proposed ‘savings’ is less than this year’s budget deficit alone is proof that this is a budget that cannot be taken seriously...

…“Today’s excruciating problems are the legacy of decades of profligate spending by both parties. We have a job-crushing debt because Washington has repeatedly postponed the tough decisions for someone else to deal with down the road. The American people have every reason to be disappointed by the President’s budget and by Washington politicians who either don’t understand the seriousness of our fiscal crisis, or who are simply not willing to confront this challenge head-on.”

LEG TINGLE!

tree hugging sister on February 14, 2011 at 1:43 PM

MrScribbler on February 14, 2011 at 1:22 PM

Agree. Here is my message:
“Dude stopping grabbing the microphone. CUT and we can talk”

antisocial on February 14, 2011 at 1:51 PM

The plan includes tax increases for oil, gas and coal producers

Because everyone knows that Americans are not paying enough for gas and electricity…

rmgraha on February 14, 2011 at 1:57 PM

The plan includes tax increases for oil, gas and coal producers

Because gas is still too cheap, people can still afford to drive cars.

mbs on February 14, 2011 at 2:28 PM

Obama is sooooo bad. I can not believe he will be that hard to beat. The power of incumbency is enormous but, when the President is so obviously a failure is it really too much to overcome?

petunia on February 14, 2011 at 2:44 PM

Who woulda thunkit… Obama voted “present” again. Harumph!

Steel on February 14, 2011 at 2:46 PM

Presidents are not elected to tell us one thing and then do the opposite, or bald faced lie to us from the get go.

Obama could offer a budget that cuts 10 trillion it doesn’t matter he has no intention of leaving his Cloward Piven agenda behind, he’s not stupid, he knows where he and comrades have us headed.

Make him veto the legislation that can save the country, let him get caught lying again and again.

Speakup on February 14, 2011 at 2:49 PM

astonerii on February 14, 2011 at 1:01 PM

I have the same concern. I really really like Paul Ryan but I wonder how many people actually hear what he has to say.

walnut on February 14, 2011 at 2:59 PM

. The plan would allow Bush-era tax cuts to expire at the end of 2012 for individuals making more than $200,000 and married couples making more than $250,000. Wealthy taxpayers would have their itemized deductions limited, including deductions for mortgage interest, charitable contributions and state and local taxes. …

Given that inflation is a certainty now with “quantitative easing” (whatever the @#$% that term is supposed to mean) and rising oil prices, there are going to be a whole lot of people after 2012 currently solidly middle class who suddenly become “rich” because of inflationary rises in income that don’t equate to any change in status.

AZfederalist on February 14, 2011 at 9:16 PM