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FBN’s Gerri Willis on how Rep. Ryan’s budget plan and Obama’s budget plan impact government spending and debt.
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When Paul Ryan proposing a budget plan today immediately labeled a non starter now Democrats vilified plan saying it was a Medicare killer.
And Republicans were putting millionaires.
Ahead of seniors.
And what the Republican plan does very simply is it rigs the rules of the game.
In favor of the very wealthy.
And powerful special interest at the expense.
Of middle income Americans.
At the expense of seniors.
What the Ryan plan.
Fails to do is in any way.
Meet the test of balance.
-- every credible.
Person in this debate has said must be met if we are going to deal with our fiscal challenges.
And then there's this as an email campaign to put the kibosh on Ryan's plan.
Authors Democrats invite the public to share their Medicare stories and right to their local newspaper.
Except hear the facts Ryan's plan is a pro growth plan.
That would have a positive impact on the economy while at the same time slowing the rate of federal debt growth check out these comparisons with the president's bloated plan.
Government debt as a share of GDP stays below 20%.
Under Ryan's ten year plan but pollutants under the president's.
Check out what happens in the out years of the plan Ryan's plan -- in debt reducing it to just 10% of GDP.
As you can see here.
But Obama's plan would eventually push debt to levels we have never even seen in fact the CBO's models -- even measuring the amount of debt.
-- Heritage Foundation says it would be 350%.
Of our -- and they think.
Ryan manages this neat trick by cutting spending.
The Ryan budget cuts five trillion dollars in spending over the next ten years compared to the Obama budget.
Which racked up eleven trillion in new debt over the next ten years.
But then if you manage a business or household budget this is familiar territory to you.
You can't cut debt without putting a cap on your spending.
To suggest that even do so especially at the levels of our federal -- -- fifteen trillion dollars is sheer wishful thinking.
Once upon a time this president knew that.
The.
Problem is is -- the way bush has done it over the last eight years.
Is to pick out a credit card from the bank of China in the name of our children.
Driving up our national debt.
From five trillion dollars for the first 42 president's number 43 added four trillion dollars by it won't -- But now that he's in office well he's willing to risk future generations.
-- willing to burden them with the debt from our generation.
-- once upon a time the Democrats made a video of Paul Ryan.
-- Paul Ryan like figure pushing granny into a ravine.
But Republicans can just as well produces video showing Democrats -- the next generation babies into a ditch.
Because that is what the president's plan will do to America.
Burden future generations like an albatross.
Turn our kids world into a western Greece.
By the way here's the cost of our dedication forgot your share of the -- just the interest on our nation's debt.
32000 dollars for each and every one of you out there every man woman and child in this country.
Look the debt keeps mounting in the clock keeps ticking we have little time left to make the changes we need to fix this economy and our debt and we need to do you it's.
