Ryan Claims Romney Budget Which Adds $10 Trillion To Debt Will ‘Prevent Debt Crisis’

[Lakhota]

By Travis Waldron

Presumptive Republican presidential nominee Mitt Romney’s budget would add $10.7 trillion to the debt and reduce federal revenues to just 15 percent of GDP, exploding the “prairie fire of debt” Romney warned the nation about in a speech last week in Iowa.

Romney isn’t the only one decrying the debt while ignoring that his budget would make it worse. House Budget Committee Chairman Paul Ryan (R-WI), in an appearance on Fox News this morning, made the laughable claim that a budget that explodes the debt will simultaneously prevent a debt crisis:

RYAN: More to the point, though, the kind of budget Mitt Romney is talking about is one that prevents a debt crisis.​

Ryan praised Romney’s 20 percent, across-the-board tax cuts that are paid for, he claims, by closing loopholes that primarily benefit the wealthy. The only problem with that, of course, is that Romney hasn’t laid out such a plan, and even if he did, it wouldn’t make up enough revenue to avoid adding trillions to the national debt.

This isn’t anything new from Ryan. Though he paints himself as a very serious person who is trying to reduce the debt, he authored the House GOP’s radical budget plan, which manages to add to the debt despite cutting spending on programs that help the poor and middle classes because, like Romney, he gives away trillions in tax breaks to the wealthiest Americans.

Paul Ryan Claims Romney Budget, Which Adds $10 Trillion To Debt, Will 'Prevent A Debt Crisis' | ThinkProgress

[ame=http://www.youtube.com/watch?v=iTVbp3_XYQg&feature=player_embedded]Paul Ryan on debt - YouTube[/ame]

 

[Lakhota]

 

[Chris]

Republicans aren't very good with math.

They created the vast majority of the National Debt.

ReaganBushDebt.org

 

[Gremlin-USA]

By Travis Waldron

Presumptive Republican presidential nominee Mitt Romney’s budget would add $10.7 trillion to the debt and reduce federal revenues to just 15 percent of GDP, exploding the “prairie fire of debt” Romney warned the nation about in a speech last week in Iowa.

Romney isn’t the only one decrying the debt while ignoring that his budget would make it worse. House Budget Committee Chairman Paul Ryan (R-WI), in an appearance on Fox News this morning, made the laughable claim that a budget that explodes the debt will simultaneously prevent a debt crisis:

RYAN: More to the point, though, the kind of budget Mitt Romney is talking about is one that prevents a debt crisis.​

Ryan praised Romney’s 20 percent, across-the-board tax cuts that are paid for, he claims, by closing loopholes that primarily benefit the wealthy. The only problem with that, of course, is that Romney hasn’t laid out such a plan, and even if he did, it wouldn’t make up enough revenue to avoid adding trillions to the national debt.

This isn’t anything new from Ryan. Though he paints himself as a very serious person who is trying to reduce the debt, he authored the House GOP’s radical budget plan, which manages to add to the debt despite cutting spending on programs that help the poor and middle classes because, like Romney, he gives away trillions in tax breaks to the wealthiest Americans.

Paul Ryan Claims Romney Budget, Which Adds $10 Trillion To Debt, Will 'Prevent A Debt Crisis' | ThinkProgress

hmmm........ the whole thing is a lie to make Ryan look good...... ever read your own article before posting ?

.

 

[Two Thumbs]

ThinkProgress

That font of unbiased news and facts.


yeah

carry on

 

[Chris]

The Obama budget deficits originated during the Bush presidency...

1. Tax cuts 2001-2002 (4 trillion over 10 years)
2. Prescription drug benefits (1 trillion over 10 years)
3. Economic meltdown of 2008 ( 3 trillion and rising)
4. Wars in Iraq and Afghanistan (2 trillion and winding down)

 

[Lakhota]

By Travis Waldron

Presumptive Republican presidential nominee Mitt Romney’s budget would add $10.7 trillion to the debt and reduce federal revenues to just 15 percent of GDP, exploding the “prairie fire of debt” Romney warned the nation about in a speech last week in Iowa.

Romney isn’t the only one decrying the debt while ignoring that his budget would make it worse. House Budget Committee Chairman Paul Ryan (R-WI), in an appearance on Fox News this morning, made the laughable claim that a budget that explodes the debt will simultaneously prevent a debt crisis:

RYAN: More to the point, though, the kind of budget Mitt Romney is talking about is one that prevents a debt crisis.​

Ryan praised Romney’s 20 percent, across-the-board tax cuts that are paid for, he claims, by closing loopholes that primarily benefit the wealthy. The only problem with that, of course, is that Romney hasn’t laid out such a plan, and even if he did, it wouldn’t make up enough revenue to avoid adding trillions to the national debt.

This isn’t anything new from Ryan. Though he paints himself as a very serious person who is trying to reduce the debt, he authored the House GOP’s radical budget plan, which manages to add to the debt despite cutting spending on programs that help the poor and middle classes because, like Romney, he gives away trillions in tax breaks to the wealthiest Americans.

Paul Ryan Claims Romney Budget, Which Adds $10 Trillion To Debt, Will 'Prevent A Debt Crisis' | ThinkProgress

hmmm........ the whole thing is a lie to make Ryan look good...... ever read your own article before posting ?

.

You really should think before posting. It really isn't that hard...

Romney Admits His Economic Plan 'Can't Be Scored,' Still Insists It Will Balance The Budget | ThinkProgress

 

[Lakhota]

An honest rich guy who knows that rich people don't create jobs:

An Uber-Wealthy Venture Capitalist Gave A TED Talk Saying Rich People Don't Create Jobs

TED Refuses to Post Talk By Venture Capitalist Who Says Rich People Don't Create Jobs | Crooks and Liars

Nick Hanauer - YouTube

 

[Zander]

Please link to the actual "Romney" budget, not an opinion piece from "think progress".

 

[Lakhota]

Please link to the actual "Romney" budget, not an opinion piece from "think progress".

Romney Admits His Economic Plan 'Can't Be Scored,' Still Insists It Will Balance The Budget | ThinkProgress

Romney: New Tax Plan Can’t Be Scored - By Katrina Trinko - The Corner - National Review Online

Romney’s Budget Fairy Tale

It's all smoke and mirrors for the Obama haters.