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-- the chance for real economic prosperity has been unveiled courtesy of the House Budget Committee chair Paul Ryan.
And it will be joining me live momentarily to -- -- his bold and controversial budget plan.
But first let's take a look at what he's proposing -- why the president and Democrats.
Need to listen and why they need to act and here -- the basics.
According to Ryan's fiscal blueprint the budget will be balanced in ten years and it will not raise taxes.
So how does he accomplish thus simply he doesn't spend what we don't have.
And here's how the congressman explained it earlier today.
This budget cuts spending by four point six trillion dollars over the next ten years historically we've paid a little less than 15 of our income to the federal government.
But the government has historically paid a lot more spends a lot more.
We match revenues with expenditures.
So our budget -- of the spending with our income just like every family and business must do throughout America.
-- help us reach this balanced budget just ten years congressman Ryan lays out for major issues that we as a country must tackle first energy.
Now Ryan's proposal opens lands to development paving a path for affordable and American produced energy most notably.
The plan green lights the Keystone Pipeline which is estimated to generate almost a 140000.
Jobs now second health care.
Now first and foremost the budget repeals obamacare -- receive Medicare system by making it sustainable for future generations.
Third welfare reform.
The plan builds on the changes to welfare -- were made 1996.
By extending reforms to other federal aid program to give states flexibility.
So they can tailor programs like Medicaid and food stamps.
-- meet their states needs now lastly it addresses tax reform by calling for congress.
To simplify the code by closing loopholes consolidating tax rates now Ryan's goal -- to just have to tax brackets 10% and 25%.
So the question now is well -- Democrats see this -- congressman Ryan.
And again just throwing granny over the cliff and they got a demagogue it.
I don't laugh a sequel to the original ad is already out.
We're gonna play that for you just a few minutes war.
-- senate Democrats who haven't passed the budget.
In more than 14100.
Days will they seize this opportunity to get the country on a fiscally sound path like Paul Ryan -- present.
I'd like to be optimistic by judging by the reaction from the president himself earlier tonight that's not going to be the case.
Now listen to what he told ABC's George Stephanopoulos.
Paul Ryan today put -- his budget right and he says he's challenging you to come forward a budget that also reaches balance our unity that not.
My goal is not to chase.
-- balanced budget just for the sake of balance my goal is how -- we grow the economy put people back to work.
And if we do that we're going to be bringing in more revenue.
If we've controlled spending and we've got a Smart entitlement package -- potentially what you have is balance but it's not balance on the backs.
You know the poor the elderly students who -- student loans families who get disabled kids that's not the right way to balance our budget.
-- deja Vu all over again the president demagoguing Armageddon what a shocker.
And I hit expand on the budget plan that he unveiled earlier today in the house that is the Budget Committee chairman himself Paul Ryan congressman welcome back to programmed that a -- our.
Hey great to be back with -- Sean thanks for having me -- let let me.
The first let you respond to the president are you could be spending every year will those will your budget spend more money every year or will spend less money every year that that would actually today.
Here listen every you'll spend more than the next year every year yeah I just listen this for the first time I just heard your his interview I think that was George Stephanopoulos -- your voice was right yes.
That in some -- charming to me -- that would say.
Our budget grows government spending every year by 3.4 percent.
Instead of the president's path that we are on right now which is 5% a year or so here's what we're saying that it's is it -- draconian.
To scale back the the increase in spending by.
3.4 percent a year instead of growing it by 5% a year over the next decade the difference of course is balancing the budget.
And getting our debt on a path to being paid off so our children hear a debt free -- and I'd also say -- bouncing about how strong the economy and that's we're trying to do here.
But I -- I really want people because I don't think most people understand.
The calculators that you guys in Washington you -- wanna be very very clear here.
So every year for ten years under your plan.
Spending real dollars will increase 3.4 percent every year -- no -- cuts and spending.
That is the average increase of annual spending growth each and every year over the next decade and the president's planned spending -- up over 5% a year.
That's right that's right so you just have a difference in how much you're gonna increase spending all right so right difference over ten years.
Is able spent 46 trillion dollars -- that the president's plan.
And you'll spend 41 trillion.
So right and that's all we need to do to get to a balanced budget that's right.
Yes without raising taxes without -- -- all right so the next big question is.
What about Obama care.
Because that's obviously key issue I don't think the senate Democrats will -- -- on -- I don't think the president will it would sign a bill that.
Takes away his signature legislation.
So I find this criticism a little confusing -- -- surprising.
We call for repealing obamacare why do we do that because we don't like Obama care.
As if we're supposed to put our budget out.
Which reflects our vision which reflects how we think we -- to fix our fiscal problems what the federal government ought to look like on its fiscal policy for the next decade.
And where all of a sudden supposed to include obamacare and our vision no we don't agree with obamacare we think it's a terrible law.
-- obamacare is gonna do great damage or health care system -- is gonna break the bank with the -- bankrupt hospitals and nursing homes and health care providers.
And damage the quality of health care to Americans now here's the other dirty little secret -- Obamacare isn't fully implement it is got about two more years ago before it's fully implemented.
And the gory details that are coming in this law have not yet been seen by the American people.
And so we you think that this law's gonna become even more unpopular than it is today.
And we're not just going to call for its repeal is our budget dies.
We're gonna show a better way to go we're gonna show a better way to have eight pages that are health care system that is controlled by the patient and her doctor.
Not a government run system and that's a big difference of opinion when the president sold obamacare to the country he said it would cost 900 billion it was under a trillion dollars.
The latest CBO estimate that I saw was two point eight trillion.
And there was a study that came out that it over a long period of time will add six trillion more dollars to our national debt that's right of those numbers right.
That's right videos a recent numbers by the Congressional Budget Office yes okay so I guess the question I have.
-- there was a CNS news article that said that Republicans are again vowing symbolically.
To appeal Obama care.
And their criticism is is that when you decided to fund the government.
Through the continuing resolution for the rest of 2013.
That that was the moment where you -- defund it obamacare.
So the question I have views let's assume the household pass your bill but the happy -- -- pastor bill the senate won't pass it.
You'll go to conference but this part is they will want to remove it and -- Georgia repeal of obamacare.
To would you have the power in the house right now with -- majority to stop funding obamacare and -- the house do that.
No because here's the problem almost all of Obama care spending is in entitlement spending we -- that mandatory spending up here.
Continuing resolutions don't deal with that biggest deal -- government agency budgets.
Almost all of this spending the exchange -- the Medicare the Medicaid that's outside of the continuing resolution.
Think that's outside of -- -- call this treasury settings all that spending which we -- and our budget.
Is outside of the purview of these appropriation bills what -- what about then when we hit the debt ceiling.
Because at that point -- congress has the power of the purse would you have -- power at that point.
So that's why we have a budget process right so our budget process that our budget proposes to repeal that.
Patty Murray I'm glad she's doing a budget they're proposing a budget that raises taxes that never ever balances the budget but at least they're passing a budget for the first time in four years in the senate.
That -- a process for -- to look at all spending in government that's -- -- debt limit thing is all about which is.
By doing a budget process which we haven't done for four years we can look at all government spending right now with the continuing resolution.
That just -- set a small slice of the pie what we call this treasury spending.
Which does not deal with them the vast majority of obamacare spending -- The look let me ask maybe the question another way it is there another way assuming the senate and had and a radical but the agenda president.
Are never gonna go along with -- repealing obamacare is there a way that the house will ultimately be able to get that done.
Well you'd have to -- the senate and the president agree with it so.
Short of the senate the president agreeing to it now by -- Margaret.
You can't if the president and they -- agree with that we did not address -- that I -- pass legislation tomorrow.
Getting rid of obamacare and get a big.
Bring it to the Budget Committee.
But you have to have the senate and the president agreed to it for that actually occur and that's how laws are made right this is the law of the land to change the law of the land.
You have to have a bill has -- constitution but it doesn't.
It does in the constitution give me the power of the purse.
Right but the power of the purse means spending bills that are signed the law by the president therein lies the rub -- lies the problem so what are we trying to do.
What we're saying yes this is a terrible law Americans are in for a rude awakening were showing how we repeal it and what we replace it -- And we believe that we can still get this law.
Because Americans are not gonna want this thing to stand as far as we're concerned so that's one of the components that we put our budget.
As we balance the budget without raising taxes right congressman stay right there -- -- -- -- with you what when we come back I got asked the question if you like old people if you like children have spent because there's another there's another -- Image have you thrown for granny over the cliff we've got the new add more chairman Ryan coming up after the break all.
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