Fox News
Expand
Browse All Video
Watch Live

You're watching...

Rep. Ryan's budget to take on ObamaCare

Details

  • Description

    Preview of lawmaker's budgetary plans

  • Duration 2:43
  • Date

Clips

Also in this playlist...

Editor's Picks

Auto-advance: ON

Auto-advance
View All

Transcript

This transcript is automatically generated

President Obama will meet with congressional Republicans this week as part of his latest outreach on agenda items such as the budget.

Tomorrow the GOP point man on all things budgetary will unveil his latest blueprint.

For stability.

Chief national correspondent Jim Angle tells us it takes on the president's signature accomplishment.

Paul Ryan's plan aims to balance the budget -- -- -- 23 and one way to get there he says he is to repeal obamacare.

We believe that Obama care.

Is a program that will not work we believe obamacare will actually lead to hospitals and doctors and health care providers.

Turning people away because the president financed obamacare in part with 716.

Billion dollars in cuts to Medicare providers.

Mr.

Obama called them savings but others say you can't spend the same dollars twice and that the president -- robbed Medicare for obamacare.

Get to remember all that money that was taken from.

Medicare.

Was to pay for obamacare we say we get rid of obamacare we and the -- -- we apply those savings to Medicare to make Medicare more solvent and extend the solvency of the Medicare trust fund.

President Obama used the savings from Medicare to make obamacare appear budget neutral but nonpartisan deficit hawks say the president's action -- Medicare and even worse shape.

But didn't actually.

Bring down the costs of Medicare.

Which means they're still a lot more -- it has to be done and we've already use those savings to offset the costs of some new federal health care spending.

Democrats however know that Ryan would keep those cuts to Medicare -- -- just announce the other day that.

He's going to include those savings in his budget savings that he campaigned.

Actively guess again though Ryan would leave all that money and Medicare.

On the heels of -- and the Senate's about to promote its own budget for the first time in four years President Obama has delayed his budget until April.

Overall Ryan's budget would not actually cut federal spending it would only reduce the rate of increase.

Mr.

Obama's plan calls for 46 trillion dollars more in spending over the next decade.

Ryan would reduce that to 41 trillion instead.

One of his cuts would be a 134 billion the food stamp program.

New government figures show it's grown to an all time high with 47 million recipients in December.

But Ryan argued his cuts would be only a minor change.

What are reforms.

Food stamps would have grown by 260%.

Over the last ten years he's had 270%.

Like they did grow.

Now of course repealing obamacare is unlikely to get through the senate -- move could focus attention.

On criticism and skepticism about the plan.

Recent polls show more than half of people last one repeal all or part of Obama care -- Jim thank you.

Load More