Ryan: Debt crisis lies within spending, not taxes

Bob Schieffer spoke with Rep. Paul Ryan (R-Wis.), chairman of the budget committee, on raising the debt ceiling, spending cuts, and tax reform.

Category:

News & Politics

Tags:

• face
• the
• nation
• cbsepisode
• paul
• ryan
• tax
• reform
• cuts
• debt
• ceiling
• spending
• president
• obama
• off
• camera
• comments
• limit

[poindexterwitkowsky]

America DOES have a REVENUE problem which SHOULD be a matter of NATIONAL SECURITY. Since Reagan, REPUBLICAN CLOWN GOD, the GOP AGENDA has been to REDUCE REVENUE in order to facilitate PRIVATIZATIONor ELIMINATION of programs such as MEDICARE,SOCIAL SECURITY, UNEMPLOYMENT BENEFITS& others.PRIVATIZATION would be followed by an INCREASE in the costs of these services thus generating HUGE PROFITS at citizens' expense. ===>INSTEAD of generating revenue REPUBLICANS want the NEEDIEST to do with LESS

[HemiHead66]

@poindexterwitkowsky Yup, Repubs don't want to build, they've got us in a race to the bottom. They can't build, cuz to do that they'd have to stop the crooked trade deals that enrich the few at the expense of the many. They plan on gutting the bottom 80% of the country - which have already been reduced to less than 10% of the wealth - till there's nothing left. They want a world that's run by the corp. fascists, and everyone else are their slaves. Work till you drop.

[drfreedom11]

Let me get this right, our government can not live within its means so its a good idea to give them more money to help them. WAKE UP!! Republican or Democrat or other, Our government works for us. Stop empowering your government to control you. Limit their spending and limit their power. Our government owes us a free economy and safe borders, thats it! I am a small business owner who will be forced to let go of two employees under the new tax laws. Is that the right way?

[LDAJ14]

Bottom line..who is more efficient at deploying capital? Government or private enterprise? If you believe it is the government, move to Portugal, Greece, Spain, Italy and tell me how happy you'd be. The government does not need more tax revenue to waste on useless activity. No government in the history of the modern era has ever been a good deployer of capital, so the less capital you give them, the better off everyone will be. Why do you think we are in this position in the first place?

[theCosmicQueen]

oh so he is saying NO DEDUCTIONS for the rich? meaning it's almost a flat tax? that might mean lots of the rich pay more of their taxes instead of loopholes. If they do it right it could help. BUT, still, higher taxes needed, and cuts on the stupid spending like benefits and subsidies to wealthy and middle income people and farmers. They no longer need it. Cut military too, that's huge. No more throwing money irresponsibly at things either.

[theCosmicQueen]

mr ryan. we need BOTH spending cuts and tax hikes on the rich, who can afford it the most. having to pay an extra 3,000 on 100,000 a year is NOT going to do any actual harm. The point is, we need to get the budget deficit under control. Strategies are needed. Taxes, + cuts , = reduced deficit. Raise taxes but not so drastically.

[theCosmicQueen]

bipartisanship means that the ones with no plan will pretend to agree with the ones who are loud and in our face with their so-called "plan".

[kndrice]

@poindexterwitkowsky Wow! You really have no clue. How much more power does the Democratic Party need to really destroy our country? Obama should have had Socialism on an unending path to prosperity! Yet we still have 10% unemployment and no clear path to prosperity. Rather than emotional pandering, why don't you try listening to all ideas rather than political pandering? Nice call Ryan--"Not raising taxes is now the equivalent cutting taxes on the "rich". Funny how laguage can be misconstrued

[OMGpeopleplease]

@TheTruthHurtsAlot3 You have not a clue of what your talking about. Obama uses bashing the rich to keep the morons like you happy. Funny the same people he bashes work for him and are the people he turns to for money. Obama is nothing but a union thug and that's how he runs this country.

[OMGpeopleplease]

To see what a load of crap all this is about raising the debt ceiling watch Obama and Reid in their own words, it all just politics. Don't be so gullible.

Harry Reid in '06: Raising debt limit last thing we should do, will weaken country, hurt economy

Obama Concedes Senate Vote Against