The Path to Prosperity Budget: Your Country. Your Future. Your Choice.

House Budget Committee Chairman Paul Ryan details what the choice of two futures means: a path to debt and decline versus a stronger, more prosperous path of less debt, lower taxes, and greater opportunity for generations to come. Learn more about The Path to Prosperity: A Blueprint For American Renewal here:
http://budget.house.gov
http://www.facebook.com/reppaulryan
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TRANSCRIPT:

Americans have a choice to make.

A choice that's going to determine our country's future.

Will it be a future that looks like the America we know? One of greater opportunity, greater prosperity...

Or...more of what we're seeing today...debt, doubt and decline.

Americans, not Washington, should decide.

In 2010, voters asked for an alternative to the direction government was taking the country.

Last year House Republicans responded by passing a budget to control government spending.

And we're back with a budget that offers real solutions again.

Make no mistake, years of empty promises from both political parties got us in this mess today....

But when it comes to the federal budget, the Democrat-led Senate hasn't..even..proposed one in 3 years.

They continue to spend, but there's zero accountability.

The President has proposed a budget, but it calls for more spending and more debt.

Despite imposing roughly 2 trillion dollars in tax increases on hardworking taxpayers,

the debt still skyrockets under his plan, and it will put us on par with countries like Greece.

That will mean...sudden cuts to benefits, sudden tax increases, and really a fundamental change to the American way of life as we know it.

This doesn't have to be our future.

Instead, we've shared with Americans a specific plan of action that cuts spending, pays off the debt and gets our economy back on the path to prosperity.

Real, specific reform is needed to strengthen the health and retirement security of seniors and the economic security of all Americans.

We've shown how, under the President's health care law, Medicare goes bankrupt.

And we've exposed how his law takes control away from current seniors, and gives that power to a board of fifteen unelected bureaucrats.

Our plan includes no changes for those in or near retirement and, instead of government bureaucrats, puts patients in control of their health care decisions.

We've proposed tax reform that's common sense -- a plan that lowers tax rates and closes special interest loopholes so our tax code is fairer, simpler, and more competitive. That's how we'll create a healthier environment for businesses to hire and expand.

The common thread here is that our plan takes power away from Washington... and gives it back to the individual.

Because it's the American people, not bureaucrats in Washington, who make this nation what it is.

Now, it's up to the people to demand from their government a better budget, a better plan, and a choice between two futures.

The question is: which future will we choose?

• Category

  News & Politics

[Paul Martin]

Romney/Ryan 2012!

[Dacktyl]

We know Ryan is a hypocrite, Ayn Rand ideologue & a liar to the core, but did you know he's also a BIG proponent of Keynesian economics?

That's because he's only for govt spending when it's needed to help a Repug President dig out of the hole Repugs put us in.

Paul Ryan (2002) - "You have to spend a little to grow a little... What we’re trying to accomplish here is to pass the kinds of legislation that, when they’ve passed in the past, have grown the economy and gotten people back to work."

[Dacktyl]

"sudden" cuts to benefits... nice sleazy language. Naa... let Paul Ryan cut your throat s-l-o-w-l-y. Ryan is an Ayn Rand ideologue who based his life on a book written by a sociopath he read as a teenager! He's LIED to all our faces in the most lie-riddled speech a candidate ever gave on the national stage. He sucks on the government teat daily & now tries to deny others the very benefits HE benefited from. Republicans are UNFIT for leadership positions in a modern nation. VOTE THEM OUT!

[rb3264]

In the short term Keynesian theory about short term debt to boost the aggregates works. But in the long term debt can hinder investment in our economy and interest rates will spike for the government. That then gets passed on to us in the form of higher taxes.

[rb3264]

Read the Ryan-Wyden proposal.

[Daniel Clemente]

Yeah that's what I don't get either.

[antismatic]

Can anyone explain to me, from a macroeconomic perspective, why government debt is bad in the short run?

[leavetc]

You say 12k is "not much" to do these things you listed, but then state you will have a large debt afterward? Doesn't that mean 12k is NOT enough to feed, clothe, house and educate yourself?

[Kelso Anderson]

the ryan budget cuts basically nothing from spending and taxes

[Wayne Lankenau]

You vote to cut taxes....where are the jobs...you votred for every Bush tax war and tax cut that ballooned the federal deficit. Your Medicare plan Ryan makes seniors pay $6,000 more and cuts services and vouchers the product killing Medicare. You need to leave your office and get your pay for life cut to zero when you leave...pay for your own healthcare like everyone else instead of screwing everyone and getting yours for free. You've screwed the recovery for political gain Obama/Biden 2012

[dnekawelo]

can Mitt move aside and let Ryan be president candidate