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Ryan: The President's Budget Is a Missed Opportunity


Location: Washington, DC

House Budget Committee Chairman Paul Ryan of Wisconsin issued the following statement in response to President Obama's FY2014 budget proposal:

"I'm disappointed by the President's proposal because it merely ratifies the status quo. It doesn't break new ground; it goes over old ground: It takes more from families to spend more in Washington. And the White House says they never balance the budget. Instead, it raises taxes by $1.1 trillion. It increases spending by $964 billion. And it adds $8.2 trillion to our debt.

"Both sides have put plans on the table. And there are many differences between them. The President and Senate Democrats believe Washington knows better, so their plan puts more power in its hands. By defending the status quo, they're letting critical programs like Medicare wither on their watch. They're cementing record poverty and high unemployment into place.

"We're offering a different approach. We don't want to regulate people's lives even more. We want to improve them. Our plan balances the budget in ten years to foster a healthier economy and to help create jobs. Our plan expands opportunity for the young. It guarantees a secure retirement for seniors. And it repairs the safety net for those in need.

"In the next few weeks, we'll work to find common ground and to move the debate forward. Even if we can't agree on everything, we need to make a down payment on our debt--now. We can start with common-sense reforms to strengthen entitlements and revenue-neutral tax reform.

"The President's budget is such a disappointment because it's a missed opportunity. We need a new approach to meet our generation's most pressing challenges. I hope the other side will join us in proposing real reforms. But until then, we need to take steps in the right direction. I am hopeful we will."

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