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  • House Budget Committee Hearing – “Budgeting for Education: The Role of Perkins Loans”
    Posted in Speeches and Statements on September 22, 2010 | Preview rr

    Mr. Chairman, thank you for calling this hearing on the future of the Perkins Loan program. We all share a commitment to investing in the next generation and preparing our workforce to lead in today’s competitive global economy. I applaud the Administration for taking steps to promote accountability and reforms to address the unconscionable failures in some of our classrooms, and promote greater incentives to reward performance and success. I also have concerns with efforts to further centralize... Read more

  • Budget Boondoggle Award
    Posted in HBC Publications on September 22, 2010 | Preview rr
    Tags: Economy / Financial , Transportation

    With the end of the failed “recovery summer” – and the President proposing yet another $50-billion “stimulus” – it is worth reviewing one administration economic program touted as a “success.” But even the celebrated “Cash for Clunkers” has been an expensive and bumpy ride for many American consumers, just as critics warned. With a sticker price of $3 billion, “Cash for Clunkers” has earned the latest Budget Boondoggle Award. The program – formally the Car Allowance Rebate System – paid consumer... Read more

  • Stop the Spending Spree; Prevent Looming Tax Hikes; Spur Job Creation
    Posted in Press Releases on September 8, 2010 | Preview rr
    Tags: Taxes

    WASHINGTON - House Budget Committee Ranking Republican Paul Ryan (WI-01) called upon Congress to take action on a common sense plan to restrain government spending, prevent the imposition of a $3.8 trillion tax hike, and spur job creation. Earlier today, House Minority Leader John Boehner proposed a one-year freeze of government spending at 2008 levels and a two-year freeze of current tax rates. In support of Leader Boehner's two-step job creation plan, Ranking Member Ryan issued the following s... Read more

  • Ryan Calls for Adult Conversation & Principled Leadership; Washington Partisans Continue Irresponsible Attacks
    Posted in Press Releases on August 27, 2010 | Preview rr
    Tags: Entitlements: Health Care / Social Security

    WASHINGTON – Earlier today, in a partisan speech at the National Press Club in Washington, Congressman Chris Van Hollen of Maryland echoed tired attacks against Congressman Paul Ryan’s proposal to save Social Security and Medicare. In response to these latest irresponsible scare tactics, Ryan issued the following statement: “I invite my colleagues to join the effort to solve our most urgent fiscal and economic challenges facing our nation. I’ve introduced a plan that protects and preserves our ... Read more

  • Higher Deficits & Debt - But Where are the Jobs?
    Posted in Press Releases on August 19, 2010 | Preview rr

    WASHINGTON – Earlier today, the Congressional Budget Office [CBO] released an update to its budget and economic outlook. The CBO projects the budget deficit to eclipse $1.3 trillion this year, the debt held by the public to rise to over $10 trillion next year, economic growth to remain sluggish, and the unemployment rate unbearably high for years to come. In response to the CBO’s budget update, House Budget Committee Ranking Republican Paul Ryan (WI) issued the followed statement: “The Congressi... Read more

  • The Looming Lost Decade
    Posted in HBC Publications on August 19, 2010 | Preview rr
    Tags: Economy / Financial

    The Congressional Budget Office [CBO] released its updated budget and economic outlook. Key highlights from the report include: This year’s deficit is estimated to be $1.3 trillion. As a share of the economy, the deficit is 9.1 percent, roughly three times the average of the past 40 years. The debt held by the public is projected to rise to $9 trillion – or 62 percent of the economy – this year, nearly twice the 40-year historical average. Total debt, including borrowing from the Social Security... Read more

  • Ryan Statement on GAO’s Finding that National Fiscal Gap is Over $86.3 Trillion
    Posted in Press Releases on August 13, 2010 | Preview rr

    WASHINGTON - Today, the Government Accountability Office (GAO) released an alarming report which found that the 50-year fiscal shortfall – the difference between expected revenues and outlays – for state and local governments is $9.9 trillion. This, on top of the 75-year $76.4 trillion fiscal gap the GAO recently found for the federal government, places the national fiscal gap over $86.3 trillion for the next 75 years. This report comes on the heels of the House of Representatives passing H.R. 1... Read more

  • Washington vs. Paul Ryan
    Posted in Commentary on August 12, 2010 | Preview rr

    The immune system of the modern body politic is nothing if not resilient, and this summer all of its antibodies seem to be trained on heretofore little known Congressman Paul Ryan. That makes this a particularly instructive moment, because the attacks on the Wisconsin Republican show how deeply his radical honesty is subverting Washington's flim-flam—to borrow a phrase. "The flim-flam man" is what Paul Krugman called Mr. Ryan in a New York Times column last week that set a spleen-to-substance re... Read more

  • Ryan Statement on Looming Bankruptcy of Social Security & Medicare
    Posted in Press Releases on August 5, 2010 | Preview rr
    Tags: Entitlements: Health Care / Social Security

    Earlier today, the trustees of Social Security and Medicare issued their annual report, warning again of the programs’ major financial shortfalls underscoring the urgent need for reform. In response to the release of 2010 Social Security and Medicare Trustees Report, House Budget Committee Ranking Republican Paul Ryan (WI-01) issued the following statement: “Today’s report offers another clear warning on the need to save our critical social safety net programs from their imminent collapse. While... Read more

  • The Illusions of Pay-GO
    Posted in HBC Publications on July 29, 2010 | Preview rr
    Tags: PAYGO

    When Democrats claimed the congressional Majority in the 110th Congress, the House Leadership promptly installed a “pay-as-you-go” rule they pledged would ensure “no more deficit spending.” When President Obama signed a pay-as-you-go statute in February this year, he declared: “Now, Congress will have to pay for what it spends, just like everybody else.” In whatever form, however, pay-as-you-go has failed to prevent an explosion of deficit spending over the past 3½ years; and when enforced, the ... Read more