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article imageCongressman Ryan releases video on America's two economic futures

By Michael Krebs     Apr 5, 2011 in Politics
With a US federal government shutdown on the horizon and a raging debate among Democrats and Republicans on the looming budgetary issues facing the nation, Republican Congressman Paul Ryan released a video detailing his vision.
Republican Congressman Paul Ryan issued a video on Monday that detailed his perspective on the two economic futures facing the United States, providing visual accompaniment on the grim debt and budgetary options as he and the Republican Party see them.
Ryan serves as the House Budget Committee Chairman, and his plan would call for nearly $6 trillion in spending cuts over ten years and comes at a time when the federal government is struggling to avert a shutdown.
Republicans are seen as taking a large risk in backing such a comprehensive budgetary plan, with Politico reporting that this is a critical decision for the GOP, as the plan takes aim at many popular federal programs that Republicans see as unsustainable.
"Washington has not been telling you the truth," Ryan states in the video. "If we don't reform spending on government health and retirement programs we have zero hope of getting our spending, and as a result our debt crisis, under control."
The Republican establishment came out in strong support of Congressman Ryan's proposal, with Indiana Governor Mitch Daniels, expected broadly to announce his presidential candidacy, expressing his desire to see these cuts come to fruition.
“The House budget resolution is the first serious proposal produced by either party to deal with the overriding issue of our time. The national debt we are amassing threatens the livelihood and the liberty of every single American and in particular the life prospects of our young people,” Daniels said, according to Politico. “Anyone criticizing this plan without offering a specific and equally bold program of his own has failed in the public duty to be honest and clear with Americans about the gravest danger we are facing together.”
However, congressional Democrats did not express similar desires.
"The #GOP Ryan budget is a path to poverty for America's seniors & children and a road to riches for big oil #GOPvalues," House Minority Leader Nancy Pelosi tweeted during Ryan's press conference outlining the plan.
More about Congress, Budget, Budget cuts, Rep Paul Ryan, Economy
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