HouseBudgetCommittee
4/4/2011
This 3-minute video is a visualization of the House Republicans’ budget, “The Path to Prosperity,” presented by Rep. Paul Ryan, chairman of the House Budget Committee.
For more information on our plan to avert the US’s nearing debt crisis and chart a path of growth and prosperity, visit http://budget.house.gov
http://budget.house.gov/fy2012budget/
http://online.wsj.com/article/SB10001424052748703806304576242612172357504.html
Update: At Ace of Spades HQ, “Washington Isn’t Telling You The Truth”
Update: Ryan & Budget Committee Reps Unveiling Plan in Press Conference Right Now
Ryan and his gang can be seen previewing the plan on CSPAN3 or their live feed here. Oh, he just hit the “faster growth” argument, noting an analysis indicates the plan will increase economic activity by $1.5 trillion over a decade, and reduce unemployment to… 4% by 2016.
Update 2: Prof. Donald Douglas calls Paul Ryan, The Most Rational Man in America, at American Power.
Update 3: Glenn Beck interviews “the $6 trillion dollar man”
“…We owe this to our country,” Rep. Ryan said. “Our whole budget committee, you know, half of which are new freshmen, we decided, look, we’re just going to fix this. We’re going to go after these programs, after these drivers of our debt and, you know, we rolled up our sleeves on the worked for the last two months, you know, and working with the CBO and all these other actuaries to put in place a plan that cut $6.2 trillion out of the Obama budget over the next 10 years and get this debt on a path to actually be paid off.”
You can read Rep. Ryan’s article on the GOP Path to Prosperity here.
Rep. Ryan broke down some of the major components of the proposed budget. ‘We’re going after corporate welfare which means Fannie and Freddie, getting rid of Dodd-Frank and all the bailout funds, going after actual the energy green pork.”
Part of cutting out corporate welfare means that Rep. Ryan will be going after Fannie and Freddie Mac. But Glenn wanted to know what that meant for the average American as those two organizations have control over most of the loans that have been written in the past year.
“It means we’re going to get the private sector to do the secondary mortgage market, not the government. We’re going to put private capital at risk for securing mortgages, not taxpayer capital,” Ryan said…
