facebook
twitter
rss
account
search
search
 

Ryan: U.S. must cut back on spending

March 16, 2013 at 10:07 AM   |   Comments

| License Photo
WASHINGTON, March 16 (UPI) -- The architect of the U.S. House's budget plan said Saturday the federal government must reduce its spending or head "straight into a debt crisis."

Delivering the Republicans' weekly media address, Rep. Paul Ryan of Wisconsin said the budget plan he has developed "lets Washington spend only what it takes in," The Hill reported.

"This is how every family tries to live, in good times and in bad," he added. "Your government should do the same."

Ryan's plan would balance the budget in 10 years by cutting spending, eliminating tax loopholes and lowering tax rates across the board. It would cut Medicare and other entitlements and repeal the healthcare reform law sought by President Obama and approved by Congress.

He said his plan would "cut red tape and give states flexibility on how to implement their federal welfare programs."

Tax increases included in a proposal by Sen. Patty Murray, D-Wash., would only "fuel more spending," he said.

"We know where this path leads," the GOP's 2012 vice presidential nominee said. "Straight into a debt crisis, and along the way, fewer jobs, fewer opportunities and less security."

Evoking the bipartisan efforts of former President Bill Clinton, Ryan called on Obama to work with Republican members of Congress to balance the budget.

© 2013 United Press International, Inc. All Rights Reserved. Any reproduction, republication, redistribution and/or modification of any UPI content is expressly prohibited without UPI's prior written consent.
Most Popular
1
Rutgers sophomore Caitlyn Kovacs dead after visit to Delta Kappa Epsilon frat house Rutgers sophomore Caitlyn Kovacs dead after visit to Delta Kappa Epsilon frat house
2
Man who raped pit bull puppy sentenced to five years in prison Man who raped pit bull puppy sentenced to five years in prison
3
Cop-killer suspect Eric Frein possibly spotted, in standoff Cop-killer suspect Eric Frein possibly spotted, in standoff
4
Hiker dead in apparent bear attack in New Jersey Hiker dead in apparent bear attack in New Jersey
5
Watch: News anchor resigns live on-air to sell pot, '[Expletive] it, I quit' Watch: News anchor resigns live on-air to sell pot, '[Expletive] it, I quit'
Trending News
Video
x
Feedback