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  • Ryan's Opening Statement: The Long-Term Budget Outlook
    Posted in Speeches and Statements on July 16, 2014 | Preview rr
    Tags: Entitlements: Health Care / Social Security , Economy / Financial

    Hi, everybody—and welcome. Today we’re going to discuss CBO’s long-term budget outlook. So first I want to thank Director Elmendorf and his team at CBO for all their hard work. I have to say: Your report is sobering. Just take the first line: “Between 2009 and 2012, the federal government recorded the largest budget deficits relative to the size of the economy since 1946, causing its debt to soar.” And later: “With deficits as big as the ones that CBO projects, federal debt would be growing fast... Read more

  • Ryan: Americans Deserve Answers on Obamacare
    Posted in Press Releases on October 23, 2013 | Preview rr
    Tags: Entitlements: Health Care / Social Security , FY 2014 House Budget

    WASHINGTON­—The Health and Human Services Department has yet to respond to repeated requests from the House Budget Committee for information about the implementation of the President’s health-care law. Now, HBC chairman Paul Ryan is asking for more information about President Obama’s “tech surge” to fix the dysfunctional HealthCare.gov website. “The American people have a right to know how HHS is spending their money,” said Chairman Ryan. “We were told we had to pass the health-care bill to find... Read more

  • The Case for Structural Reform
    Posted in HBC Publications on October 9, 2013 | Preview rr
    Tags: Entitlements: Health Care / Social Security

    Key Points Entitlement programs are driving the national debt. Structural reforms to these programs will help beneficiaries and save the most money. If we wait too long, interest rates will rise, and the debt will spiral out of control. But if we act now, we will pay down our debt and boost our standard of living. Introduction Entitlement programs are growing so large that they could go bankrupt and spark a debt crisis. At their core, they have structural problems. So to both strengthen these c... Read more

  • Here's How We Can End This Stalemate
    Posted in Commentary on October 9, 2013 | Preview rr
    Tags: Entitlements: Health Care / Social Security

    The president is giving Congress the silent treatment. He’s refusing to talk, even though the federal government is about to hit the debt ceiling. That’s a shame—because this doesn’t have to be another crisis. It could be a breakthrough. We have an opportunity here to pay down the national debt and jump-start the economy, if we start talking, and talking specifics, now. To break the deadlock, both sides should agree to common-sense reforms of the country’s entitlement programs and tax code. Firs... Read more

  • Ryan Opening Statement: The War on Poverty: A Progress Report
    Posted in Speeches and Statements on July 31, 2013 | Preview rr
    Tags: Entitlements: Health Care / Social Security

    Well, good afternoon, everybody. Forty-nine years ago, Lyndon Johnson declared war on poverty. In 1964, he said, “We have declared unconditional war on poverty. Our objective is total victory.” Later that year, he added, “I believe that thirty years from now Americans will look back upon these 1960s as the time of the great American Breakthrough . . . the victory of prosperity over poverty.” Since then, we’ve spent over $15 trillion in that war. So what do we have to show for it? Well, today 46 ... Read more

  • Ryan: Delay Is a Step Toward Full Repeal
    Posted in Press Releases on July 17, 2013 | Preview rr
    Tags: Entitlements: Health Care / Social Security , Taxes

    WASHINGTON—Today, the House passed H.R. 2668, The Fairness for American Families Act, which delays Obamacare’s individual mandate for one year. The House also passed H.R. 2667, The Authority for Mandate Delay Act, which delays the employer mandate for one year by law. Upon passage of the legislation, House Budget Committee Chairman Paul Ryan of Wisconsin issued the following statement: “Today, we took another step toward the full repeal of Obamacare. And we defended two key principles. First, we... Read more

  • Committee Leaders Urge President Obama To Provide Details On Employer Mandate Delay
    Posted in Press Releases on July 9, 2013 | Preview rr
    Tags: Entitlements: Health Care / Social Security

    WASHINGTON—The decision to delay enforcement of the employer mandate in the Patient Protection and Affordable Care Act (PPACA) has created a host of new questions and concerns that need to be addressed, according to a letter sent today to President Obama from House Republican leaders. The letter was signed by Ways and Means Chairman Dave Camp (R-MI), Education and the Workforce Chairman John Kline (R-MN), Budget Chairman Paul Ryan (R-WI), and Energy and Commerce Chairman Fred Upton (R-MI), as we... Read more

  • The President’s Budget: Bad for Economic Growth and Bad for Jobs
    Posted in HBC Publications on April 12, 2013 | Preview rr
    Tags: Entitlements: Health Care / Social Security , Economy / Financial

    In 2010, economists Ken Rogoff and Carmen Reinhart completed a widely cited study that looked at the historical relationship between public debt and GDP growth and inflation in a variety of advanced and developing countries. The study used data from 44 countries and spanned roughly 200 years. It found conclusive empirical evidence that when gross public debt exceeds 90 percent of GDP in these countries, economic growth declines materially. Among the 20 advanced countries in the study, for instan... Read more

  • Ryan: The President’s Budget Is a Missed Opportunity
    Posted in Press Releases on April 10, 2013 | Preview rr
    Tags: Entitlements: Health Care / Social Security , Taxes, Economy / Financial

    WASHINGTON—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 ... Read more

  • The President’s Plan Takes More to Spend More
    Posted in HBC Publications on April 10, 2013 | Preview rr
    Tags: Entitlements: Health Care / Social Security , Taxes, Economy / Financial

    Their Budget Never Balances—Ever The House budget balances in ten years, but, like Senate Democrats, the White House says their budget never balances—ever. $8.2 Trillion in New Debt Accounting for the cost of eliminating the sequester and removing the budget gimmicks, net deficit reduction is only $119 billion. Additional deficit increase in FY2013: $61 billion Total U.S. debt in 2023: $25.4 trillion Debt increase per household: $60,980 Interest payments on the debt in 2023: $763 billion Defici... Read more