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  • Budget Republicans Call for Action on Health, Retirement, and Economic Security Programs
    Posted in Press Releases on July 29, 2015 | Preview rr
    Tags: Economy / Financial

    WASHINGTON, D.C. – Today, the Republican members of the House Budget Committee sent the following letter to their colleagues in the House Republican Conference highlighting the challenges facing America's health, retirement, and economic security programs. The letter urges House Republicans to focus on finding positive solutions to save and strengthen vital programs such as Medicare and Social Security. The House Budget Committee recently launched an initiative called "Restoring the Trust for Al... Read more

  • Price Op-Ed in RealClearPolitics: A Healthy Economy For All
    Posted in Commentary on January 23, 2015 | Preview rr
    Tags: Taxes, Economy / Financial

    By Rep. Tom Price - January 23, 2015 - Permalink President Obama calls higher taxes, more bureaucracy and Washington spending “middle class economics.” Yet it’s those economic policies that have created a recovery that’s been particularly lousy for America’s middle class. Wages have stagnated; median income is down and GDP growth is worse than any recovery in the modern era. According to the most recent data available from the Federal Reserve, real median household income for the middle fifth of... Read more

  • 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

  • CBO: The Budget Is on an Unsustainable Path
    Posted in Press Releases on July 15, 2014 | Preview rr
    Tags: Economy / Financial

    WASHINGTON—Today, the Congressional Budget Office (CBO) released its annual Long-Term Budget Outlook, which had some sober news for the American people. In response, House Budget Committee Chairman Paul Ryan of Wisconsin released the following statement: “If this report tells us anything, it’s that the status quo isn’t working, and families are paying the price. We need to expand opportunity for everyone in this country, and we can start by getting federal spending and debt under control. That’s... Read more

  • The President’s Budget Keeps Getting Worse
    Posted in Press Releases on April 17, 2014 | Preview rr
    Tags: Economy / Financial

    WASHINGTON­—Today, the Congressional Budget Office released its analysis of the President’s fiscal year 2015 budget. Based on CBO’s analysis, the President’s plan would increase spending by $1.1 trillion and raise taxes by almost $1.4 trillion over the next ten years. And unlike the House Republican plan, his budget would never balance—ever. Instead, it would run a $746 billion deficit in fiscal year 2024. Under CBO’s revised estimate, the President’s budget deficits would be $1.6 trillion highe... Read more

  • Ryan's Opening Statement: The President's Fiscal Year 2015 Budget
    Posted in Speeches and Statements on March 5, 2014 | Preview rr
    Tags: Economy / Financial

    Good afternoon, everybody—and welcome. I want to start by giving a special welcome to Director Burwell. This is her first House testimony as the head of OMB. And I can’t say that I envy you. But regardless, I want to thank you for taking the time to speak with us. Now, this is the fifth time in six years that the President has submitted his budget past the statutory deadline. That is the worst record of any President, and it will further disrupt an already broken process. In fact, the administra... Read more

  • Ryan: The President's Budget Is Yet Another Disappointment
    Posted in Press Releases on March 4, 2014 | Preview rr
    Tags: Economy / Financial

    WASHINGTON­—Today, the President released his budget request for fiscal year 2015—one month past the statutory deadline. It is the fifth time in six years that President Obama has missed his deadline, and it is the worst record in history. Upon reviewing the President’s budget, House Budget Committee Chairman Paul Ryan of Wisconsin issued the following statement: “The President’s budget is yet another disappointment—because it reinforces the status quo. It would demand that families pay more so ... Read more

  • Ryan's Opening Statement: CBO's Budget and Economic Outlook
    Posted in Speeches and Statements on February 5, 2014 | Preview rr
    Tags: Economy / Financial

    Hi, everybody—and welcome. Well, first I want to thank Director Elmendorf and his team. We appreciate your taking the time to meet with us today. You’ve put together a very informative report. It does a great job of laying out the challenges we face. My main takeaway is this: We still have a lot of work to do. This year, we’re going to run a deficit of $514 billion. Now, that’s less than last year’s—but it’s nothing to brag about. In fact, the deficit will start growing in just two years. By 202... Read more

  • Ryan: CBO Report Is a Call to Action
    Posted in Press Releases on February 4, 2014 | Preview rr
    Tags: Economy / Financial

    WASHINGTON—Today, the Congressional Budget Office released its Budget and Economic Outlook, which projects a $514 billion deficit for fiscal year 2014. The deficit will begin to climb back up after next year, eclipsing $1 trillion in 2022. The report says the federal government will add $10 trillion to the national debt by 2024—bringing the total to over $27 trillion. Despite modest progress from recent bipartisan budget agreements, CBO confirms the growth of government spending will push up th... Read more

  • Ryan Opening Statement: A Progress Report on the War on Poverty
    Posted in Speeches and Statements on January 28, 2014 | Preview rr
    Tags: Economy / Financial

    Hi, everybody, and welcome. First, I want to thank our guests: Ron Haskins, Scott Winship, and Robert Greenstein. We’re here today to talk about economic opportunity. And all three of our guests have distinguished themselves on this issue. So we’re grateful they were able to join us. And we look forward to hearing your testimony. I don’t need to tell any of you, but we could use some more opportunity in our country. Forty-seven million Americans live in poverty today. That’s 15 percent of our po... Read more