Paul Ryan releases budget plan
Rich Lowry analyzes Rep. Paul Ryan's budget plan
- Duration 7:36
- Date Mar 21, 2012
Rich Lowry analyzes Rep. Paul Ryan's budget plan
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Want to get some reaction to representative Paul Ryan's budget plan which is.
Now been introduced in it didn't take long.
For the long knives to come out and start attacking -- in fact the business insider has a column today -- Robert Reich you -- -- of course the Clinton labor secretary.
And joining us now to talk about it and reaction of that column is rich -- is -- Fox News contributor syndicated columnist and guy whose column I read religiously.
Every time he puts it out there and you should -- -- good to see you take up thanks so much the this.
He's -- title by Robert writes that Republican budget plan is pure social.
You read it what do you think of it.
And that is the street Louis today.
A -- hit a cameraman or I think I negotiate that could.
Has some copyright infringement -- got -- Insider well of course I think it's wrong headed and completely over the top and in the Ryan's plan would take.
-- spending federal spending is trying to GDP.
From where we are now 24 -- -- got 25% to 20% that's still there.
The nation's economy.
Huge amount and if we can't do that -- -- you know -- thing.
Women and children elderly people -- it and it is street I just don't know what to think any -- it -- Clinton administration.
When not a thing happened and tumble we literally down the streets of America I believe the federal spending as a percentage GDP of about 18%.
So this is doable -- -- exactly the kind of thing.
And -- the elite media chatter.
Everyone always says they want you know its bulls.
Kind of puts aside.
And the politics in the kind of risky.
With regard to politics right actually act out a very serious liberal Democrat Ron Wyden and and adjusted his Medicare plan.
To take into account concerns that Wyden had.
I think even if people the president -- this.
They -- -- -- -- The the impulse.
Behind it but we're not seeing a lot of that.
And the New York Times that it has zero chance of passing in the US senate because it's controlled by the Democrats -- -- Is that a fair assessment you know -- You know came on board.
Yeah I don't -- is moral -- kind of an intellectual stamp.
Seriousness and -- there's just proposal.
It's not really -- and Medicare you know Ron Wyden -- never been -- that he just wants to modernize that the program put -- stable footing.
But not -- pass the senate and you know house Republicans to -- credit no it's not gonna -- that it nope not gonna go anywhere.
It's a statement of their principles are taking it public seriously enough to say look this is what we want to deal we every -- unified control.
This government income and contrast please -- and it genocide is inherited.
Democrats -- haven't passed the budget in three years exactly because there but.
Afraid of telling people what -- -- -- it might hurt them politically.
-- didn't didn't the president's last budget proposal lose unanimously.
In United States that I mean he didn't get one democratic vote right where I -- -- zero.
And you had Tim Geithner and it's extraordinary exchange and else.
We -- -- saying you know we don't have a plan of our own to really deal but the debt over the long term but I don't like gears and that's enough that's regional power us.
You know let's break it down just a little bit and let me ask you about it it would reduce the corporate rate from 3525.
-- of course is the highest essentially in the world.
And did the other part that I think really affects a lot of Americans individually is that the marginal rates.
Are reduced from six separate categories.
Down to two.
One of which is 10% the other is 25%.
They're gonna have to be an elimination of loopholes deductions and and credits and so -- right.
Yeah -- at this as a criticism I think I -- some force.
That attacks plantation -- today you wonder why it's even in the air at all because he doesn't go into.
What deductions you actually eliminate a lot of what you really popular and yet and tell us what the income professionals would be -- does too.
Brackets so that's very much just kind of today.
Vaguest possible outlined the people who say you know you're not really -- -- much that he had any details on that I think that's fair point.
What about spending reductions -- Well you need to Expedia had the deficit down I think attaches.
He doesn't eliminate.
The deficit but he he gets it down on it and you know it's it's by really squeezing.
Discretionary and then reforming these entitlement program and Medicaid and Medicare and this is really Paul -- signature point at a constant.
Budget cheering and even with regard -- fellow conservative.
Concerns he makes this point you can we even -- we have.
I discretionary -- so much you can get out of there and really get -- put the budget I've been putting a long term.
Got to deal it and cut.
You would be allowed a choice in terms of Medicare you you would be allowed to get a voucher from the government to buy your own.
Health insurance or you could stick with.
Medicare is that doable is it viable.
It's if it's constructed correctly but you know at a double -- in the -- What he's doing now it's you know reacts to that to criticism that you know that the first -- budget went too far and demo go to criticism and eliminated.
Medicare -- saying look if you like the current.
You get to keep it.
But we are -- give you options that we think will be more affordable and more attractive.
And we'll draw people I'm in it into something different so alert it's.
Very hard I I think politically -- -- opposed to getting.
And rich Medicaid would continue would block grants but what I was interested in it is.
The -- eight eliminates a lot of entitlements which you mentioned we're talking about food stamps welfare and so forth.
Have their time is finally com.
Well it and eliminate them did it cuts.
And medication in particular it just it.
Program where all the incentives are first perpetual growth and it doesn't really serve people.
Very well so what he's saying is look we can trust governors.
Two handle these sort of programs that we're here in New York you know Andrew Cuomo is not -- eliminate that -- to disasters think.
With Medicaid but he surely even he would appreciate having the flexibility.
Contour that program specific needs.
His -- again all this you know it's it's squeezing these programs is changing the incentives around them.
But not eliminating them and not social darwinism at it's not gonna take activity the agent kidnapped.
And it's not -- -- right wing social engineering is and it Cambridge show once labeled the first Ryan plan that's.
And he's embrace this okay Rich Lowry.
Fox News contributor syndicated column it's great to see and you can always catch rich.
On FOX News Watch that's it to thirty on Saturdays in the afternoon at 11:30 PM Saturday night.
Got to watch it fun stuff which announced that rich thanks for.