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  • The Optimist’s Guide to Repeal and Replace
    Posted in Speeches and Statements on September 27, 2011 | Preview rr
    Tags: Entitlements: Health Care / Social Security , Taxes, Economy / Financial

    Thank you very much for that introduction. It was kind of you to invite me – and not hold it against me that I steal so many ideas from you guys. It’s true. I steal monetary policy ideas from John Taylor, rule-of-law stuff from Richard Epstein… I even tried to steal some wit and humor from Peter Robinson during a taping of his show this morning, but I’m not sure that worked. If this speech falls flat – blame Robinson. I’m here today to talk about health care, which is a subject that I find it h... Read more

  • The Empty Promise of Green Jobs
    Posted in HBC Publications on September 22, 2011 | Preview rr
    Tags: Energy

    In the fall of 2008, then-candidate Barack Obama made a campaign promise to jumpstart the economy with an influx of green jobs. “We’ll invest $150 billion over the next decade and harness private efforts to build a clean-energy economy,” he said. This expenditure of taxpayer dollars, averaging $15 billion a year, would then “create 5 million new jobs that pay well, and can never be outsourced.”[1] The President has kept his promise to spend billions of borrowed dollars on green energy, but his p... Read more

  • Solyndra Deal Violates 'Fundamental Laws of Economics'
    Posted in Commentary on September 22, 2011 | Preview rr
    Tags: Energy

    This month, as President Obama pressed Congress to pass another misguided “stimulus” proposal, the consequences of the administration’s first $800 billion stimulus law are becoming painfully clear. High unemployment and anemic growth are serving as constant reminders of the president’s broken promises on the economy. Consider Solyndra, the now-bankrupt California solar panel company, which was once the poster child of the administration’s “green jobs” initiative. Solyndra is proving to be Exhib... Read more

  • Credibility Deficit Widens with President’s Third “Budget” in Seven Months
    Posted in HBC Publications on September 21, 2011 | Preview rr
    Tags: Entitlements: Health Care / Social Security , Taxes, Economy / Financial

    In the span of seven months, President Obama has offered three different budget plans for the federal government. He offered an actual budget in February, a budget “framework” in April, and yet another tax-and-spend plan this past week (more spending in the “American Jobs Act”; more taxes in a new plan unveiled yesterday). Unfortunately, none of these approaches has provided the kind of leadership that America needs to lift the crushing burden of debt while promoting sustained economic growth. T... Read more

  • The Broken Budget Process: Perspectives from Former CBO Directors
    Posted in Speeches and Statements on September 21, 2011 | Preview rr
    Tags: Economy / Financial

    Welcome all, to this hearing. The purpose of today’s hearing is to highlight the need to reform our broken budget process. This summer, we got a first-hand look at how bad things have gotten. After a request from the President to increase the debt limit, Congress was seemingly faced with two impossible choices: Either hand the President a blank check to continue his unsustainable spending policies, or let America default. Fortunately, Congress was able to chart a middle course that coupled immed... Read more

  • Ryan: Still Waiting for Credible Plan from President Obama
    Posted in Press Releases on September 19, 2011 | Preview rr
    Tags: Entitlements: Health Care / Social Security , Taxes, Economy / Financial

    WASHINGTON – In response to the President’s latest proposal to raise taxes on job creators, House Budget Committee Chairman Paul Ryan issued the following statement: “The President’s partisan speech and misguided proposals are disappointing, but not surprising. Having overseen an unprecedented surge in government spending – from his failed stimulus law, to the creation of new trillion-dollar health entitlements, to double-digit percentage increases in the budgets of many federal agencies – the P... Read more

  • Restoring the Rule of Law
    Posted in Speeches and Statements on September 15, 2011 | Preview rr
    Tags: Entitlements: Health Care / Social Security , Taxes, Economy / Financial , Education , Energy

    view video Thanks very much, Larry, for your kind introduction. It’s always a pleasure for me to speak to Hillsdale folks. Your mission here at the Kirby Center is a great example of what Hillsdale College is all about – that is, in the words of James Madison, “liberty and learning, each leaning on the other for their mutual and surest support.” In addition to those of you who’ve joined us today, I’m told that these remarks are being webcast live for the benefit of Hillsdale students back in Mi... Read more

  • Tax Reform Critical For Economic Growth and Job Creation
    Posted in In Case You Missed It on September 14, 2011 | Preview rr
    Tags: Taxes, Economy / Financial

    This morning, House Budget Committee Chairman and Wisconsin’s First District Representative Paul Ryan released a new video – 3 Steps to Pro-Growth Tax Reform - outlining a bipartisan path forward to simplify the federal tax code and make our nation’s economy more competitive and more conducive to job creation. In addition to a behind the scenes look last week, Rep. Ryan discussed the need for pro-growth policies in an interview with Greta Van Susteren. Excerpts of the interview follow: Watch Vid... Read more

  • The Need for Pro-Growth Tax Reform
    Posted in Speeches and Statements on September 14, 2011 | Preview rr
    Tags: Taxes, Economy / Financial

    Welcome all, to this important hearing. The purpose of today’s hearing is to highlight the need for pro-growth tax reform. Our economy is currently suffering from the reluctance of job creators to invest, expand, and hire workers in the United States. For several years, Washington has followed a now-discredited playbook: If businesses won’t invest, then the government should expand its reach. But letting the government pick winners and losers in the market only adds to the debt, wastes taxpayer ... Read more

  • Obama Administration Confirms Broken Promises
    Posted in Press Releases on September 1, 2011 | Preview rr
    Tags: Entitlements: Health Care / Social Security , Taxes, Economy / Financial

    Earlier today, the Office of Management and Budget (OMB) released an update of its budget estimates, the Mid-Session Review, and the data confirms the failure of the Obama Administration’s economic and fiscal policies. According to OMB’s report, the federal budget deficit is estimated to exceed $1.3 trillion this year. The President’s budget priorities call for $45 trillion in government spending over the next decade, with no serious plan to control the explosive growth of debt that stifles job ... Read more