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  • House Budget Committee GOP Releases a Responsible, Balanced Budget
    Posted in Press Releases on March 12, 2013 | Preview rr
    Tags: Entitlements: Health Care / Social Security , Taxes, Economy / Financial , FY 2014 House Budget

    WASHINGTON­—Today, House Budget Committee Chairman Paul Ryan of Wisconsin and Committee Republicans released their plan to balance the budget in ten years. It is a responsible plan to cut spending, reform government, and foster a healthier economy. It provides economic security for families, repairs the safety net for the poor, strengthens retirement for seniors, and expands opportunity for all. Read the Plan Writing in today's Wall Street Journal, Chairman Ryan makes the case that we need to st... Read more

  • Ryan Statement on Nomination of Burwell for OMB Director
    Posted in Press Releases on March 4, 2013 | Preview rr
    Tags: Economy / Financial

    WASHINGTON—House Budget Committee Chairman Paul Ryan of Wisconsin issued the following statement in response to President Obama’s nomination of Sylvia Mathews Burwell to serve as director of the Office of Management and Budget: “I commend President Obama for choosing Sylvia Mathews Burwell to serve as the next OMB director. “Burwell has led an impressive career in both the public and private sectors. She has first-hand experience in budgeting responsibly. In her previous tenure at OMB, she helpe... Read more

  • A Debt Crisis in America: What It Might Look Like
    Posted in HBC Publications on February 22, 2013 | Preview rr
    Tags: Economy / Financial

    Key Facts The federal debt today is over $16.5 trillion. That’s larger than the entire U.S. economy. The government’s debt is set to skyrocket in the years ahead. This debt will cause pain for families today and greater hardship when a debt crisis hits. Once lenders lose confidence in the federal government’s ability to pay its bills, a debt crisis will follow. As a result, the cost of borrowing—for government and families—will increase, making it harder to make ends meet. Instead of gradual, s... Read more

  • House Budget Committee Hearing: The Congressional Budget Office’s Budget and Economic Outlook
    Posted in Speeches and Statements on February 13, 2013 | Preview rr
    Tags: Economy / Financial

    Welcome, everyone, to today’s hearing. Thanks to Dr. Elmendorf for coming to testify. And thanks to your staff for putting together the latest Budget and Economic Outlook. I’m sorry to say: Things don’t look good. The CBO says our economy will grow by only 1.4 percent this year. Unemployment will hover around 8 percent. And we will add another trillion dollars to our debt. Farther down the road, things get worse. The CBO says we will add $10 trillion to our total debt by the end of the budget wi... Read more

  • The Principle of Prudence and the Conservative Renewal
    Posted in Speeches and Statements on January 26, 2013 | Preview rr
    Tags: Entitlements: Health Care / Social Security , Taxes, Economy / Financial

    Thanks, Rich. I’m happy to see so many friends in the audience. And I’m honored to speak to such distinguished guests. I’d say this is, perhaps, the greatest collection of conservative talent ever gathered in one room—with the possible exception of when William F. Buckley dined alone. I started reading Buckley in college, when one of my economics professors gave me a copy of National Review. And I’ve been reading it ever since. The masthead has changed over the years. When I came to Washington, ... Read more

  • Chairman Ryan Statement on the No Budget, No Pay Act of 2013
    Posted in Press Releases on January 23, 2013 | Preview rr
    Tags: Economy / Financial

    WASHINGTON—Earlier today, the House of Representatives passed H.R. 325, the No Budget, No Pay Act of 2013. The legislation requires both houses of Congress to pass a budget, as stipulated by federal law. If either house fails to pass a budget, its members’ pay will be withheld. Upon passage of the legislation, House Budget Committee Chairman Paul Ryan of Wisconsin issued the following statement: "Government must pay its bills. To do that, we need to cut spending and to budget responsibly. "Every... Read more

  • Chairman Ryan Statement on Remaining Debt Challenge
    Posted in Press Releases on January 1, 2013 | Preview rr
    Tags: Economy / Financial

    WASHINGTON—Today, the House of Representatives voted to prevent across-the-board tax increases on the American people, again taking action to avert the short-term “fiscal cliff.” Upon passage of the legislation, House Budget Committee Chairman Paul Ryan of Wisconsin issued the following statement: “We’ll never get our debt under control unless we tackle its main drivers: too little economic growth and too much spending. Without presidential leadership, it will be difficult to forge bipartisan so... Read more

  • Spending is the Problem
    Posted in HBC Publications on December 13, 2012 | Preview rr
    Tags: Economy / Financial

    VIEW AS: PDF JPEG PowerPoint Excel Data President Obama’s most recent budget called for $2 trillion of tax increases on families and job creators. He continues to call for tax increases that are bad for economic growth and bad for jobs. His tax increases won’t expand opportunity for the tens of millions of Americans living in poverty. And as this chart clearly shows, they won’t solve our debt crisis. Spending is the problem. More from Speaker Boehner’s office: http://www.speaker.gov/general/spe... Read more

  • A Renewed Commitment to Opportunity for All
    Posted in Speeches and Statements on December 4, 2012 | Preview rr
    Tags: Economy / Financial

    Thank you, Bob, for that kind introduction. And congratulations to Senator Rubio on receiving this well deserved honor. You’re joining an elite group of past recipients – so far, it’s just me and you. I’ll see you at the reunion dinner – table for two. Know any good diners in Iowa or New Hampshire? I’m sure the press won’t read too much into that. Anyway, thank you all for your kind hospitality – and thank you, Jimmy, for hosting this event. It’s a special honor to address the Kemp Foundation. A... Read more

  • President Obama’s Record on Youth Employment
    Posted in HBC Publications on October 18, 2012 | Preview rr
    Tags: Economy / Financial

    In the 2008 presidential election, President Obama received overwhelming support from young voters. The past four years has produced the following results and prospects for young Americans: Among 16 to 24-year-olds, the unemployment rate is 15.5%. After adjusting for the decline in the labor force participation rate (LFPR), i.e. individuals leaving the labor force, the unemployment rate rises to 20 percent. Student debt now totals nearly $1 trillion dollars, more than all of American credit card... Read more