On the recordSeptember 13, 2012
Mr. President, it is nice to see Paul Ryan back in Congress. It will be even nicer to see him back as a full-time Member in January. There has been a lot of controversy about Mr. Ryan and some of the things he states, why he states them, and the contrast with what he says and what he has done. Perhaps the least credible claim of all about Congressman Ryan is the idea that he is a serious deficit hawk and that his budget is a serious attempt at deficit reduction. He is not and it is not. The Paul Ryan budget is about ideology rather than commonsense solutions to the country's economic and fiscal problems. As more and more people are learning, it certainly is not about, as Bill Clinton said, arithmetic. In Ryan's budget, any savings achieved by his plan to privatize Medicare and gut investments in the middle-class do not go to reducing the deficit. He is saying he is creating that pain because we need the pain for deficit reduction. He uses all those savings to pay for further tax cuts to the wealthy. This chart explains it pretty well. Independent studies have found that the Ryan budget would raise taxes on the middle class up to $2,600. People earning between $50,000 and $100,000 pay $1,300 more a year, people earning between $100,000 and $200,000 pay $2,600 more a year, and then there is a whopping savings to people whose income is over $200,000.…
Source
govinfo.gov




