House Budget Committee Chairman Paul Ryan offered an interesting take on the President’s leadership on dealing with our long-term debt and deficits the recent deficit reduction negotiations in today’s Wall Street Journal. Below are a few of Congressman Ryan’s claims along with our responses.
Claim: The President has failed to put forward a plan to tackle our long term debt and deficits.
- Since the beginning of the current debate on the debt ceiling, the President has led with a comprehensive plan for deficit reduction.
- In April, the President released a fiscal framework for $4 trillion in deficit reduction, which described the President’s plans for closing tax loopholes and for responsible reforms of Medicare and Medicaid so they are strengthened for future generations.
- Beginning less than a week after he announced this Framework, the President led four separate efforts to negotiate a compromise on the debt limit – talks with Vice President Joe Biden, meetings with all eight Congressional leaders from both parties, and two rounds of negotiations directly with Speaker Boehner.
- Throughout this process, the Administration put forward specific policy proposals with the goal of reaching an agreement on a $4 trillion package – an agreement which Speaker Boehner ultimately walked away from.
Source: http://www.whitehouse.gov/blog/2011/08/03/responding-representative-ryan
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