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Sunday, January 27, 2013

Paul Ryan, "President Obama does not understand American economics"



Wisconsin Rep. Paul Ryan lashed out at President Barack Obama on Sunday, saying the commander in chief does not have a full grasp of the budget problems facing the U.S. economy.
"I don't think that the president actually thinks we have a fiscal crisis," Ryan said on NBC's "Meet The Press" in his first live interview since the 2012 presidential campaign, when he was Mitt Romney's running mate. "He's been reportedly saying to our leaders that we don't have a spending problem, we have a healthcare problem. That leads me to conclude that he just thinks we ought to have more government-run healthcare and rationing."
Ryan, the House Budget Committee chairman, told David Gregory that while Democrats may have gotten higher taxes on the wealthy as part of the New Year's deal to avoid the fiscal cliff, that's all they'll get.
"The president got his additional revenues," Ryan said. "So that's behind us."
"Are we for raising revenues? No we're not," he continued. "If you keep raising revenues, you're not going to get decent tax reform."





    My Response

When billionaires and millionaires start going broke, then we have a problem. As long as they are getting richer, it means that the money is there. They are just getting the bulk of it


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