Pat Ryan
The Public Record
Pat Kevin Ryan is a member of the U.S. House of Representatives, representing New York's 18th congressional district since August 23, 2022. A member of the Democratic Party, Ryan has a background as an Army officer and has engaged in various public service roles prior to his congressional career. His work in Congress has focused on issues such as national security and veterans' affairs, reflecting his military experience.
Growing debt would increase the probability of a sudden fiscal crisis, during which investors would lose confidence in the government's ability to manage its budget, and the government would thereby lose its ability to borrow at affordable…
You are saying that the higher marginal tax rates go, the less output in economic growth we get.
Our entitlement programs--in particular government spending on health care--are the core drivers of the debt.
So what that means is, in the 2030s, we do not think we can measure the economy going forward because the debt burdens.
I think it is very constructive that we have what we call an alternative fiscal scenario because that sort of more reflects current policies.
It is once again the fiction that ah, we didn't need the government and this could have been a privately run bankruptcy.
While we're dealing with tough economic times, Americans still live in the most prosperous and dynamic country in the world.
I would argue for looking at immigration as an economic solution to our problems; that we identify aspirational people.
We have to ask ourselves whether the status quo--an expensive and unaffordable status quo--is the best way to address the problems that the Congress has set for itself to solve.
This creates a rigged game where success is too often determined not by the quality of service or products a business provides but by their relationships to those in power in Washington.
Let's summon the courage and vision to choose freedom, to choose prosperity, and to determine our destiny.
Any sudden tax hike would hurt our economy, so this fall--before the election--the House of Representatives will vote to stop the largest tax increase in American history.
Unfortunately, the current leaders in the Democrat-controlled Senate and at the White House have failed to step forward with solutions that match the magnitude of our challenges.
The purpose of today's hearing is to examine the need to restore responsibility and accountability to how Washington spends its taxpayers' hard earned dollars.
We thought that was especially important, so there is a debt limit that is set, but there is never any sort of measure or metric as to how high we want the future, our excess obligations stemming from some of these programs to be.
If the president continues to put politics before principle--or party before country, as he often accuses others of doing--our economy will suffer.
I believe it will require both political parties to work together to find common ground and right this fiscal ship.
The difference between knowing what's right and doing what's right is courage, and the president, I'm sorry to say, lost his.
I hesitate to say this, but, Dr. Rivlin I think I agreed with everything you said in your opening statement.
The balanced approach, I hear this quite a bit these days. The President already has a pretty steep tax increase in his budget.





