Political Headlines March 12, 2013: Paul Ryan Extends ‘Invitation to the President’ Barack Obama to Balance Budget at Press Conference Unveiling House Republicans 2014 Budget

POLITICAL HEADLINES

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OBAMA PRESIDENCY & THE 113TH CONGRESS:

THE HEADLINES….

Paul Ryan Extends ‘Invitation to the President’ to Balance Budget

Source: ABC News Radio, 3-12-13

BRENDAN SMIALOWSKI/AFP/Getty Images

As House Budget Chairman Paul Ryan released his balanced budget blueprint Tuesday, the former Republican vice presidential nominee issued a direct challenge to President Obama to present his own plan to balance the federal government’s books.

“This is an invitation. Show us how to balance the budget,” Ryan, R-Wis., said at a Capitol news conference Tuesday. “If you don’t like the way we’re proposing to balance our budget, how do you propose to balance the budget?”….READ MORE

Full Text Obama Presidency March 12, 2013: Press Secretary Jay Carney’s Statement on the House Republican Budget

POLITICAL BUZZ

OBAMA PRESIDENCY & THE 113TH CONGRESS:

Statement by the Press Secretary on the House Republican Budget

Source: WH, 3-12-13 

The President believes that there is an opportunity for Democrats and Republicans to come together around a balanced plan to grow the economy and shrink the deficit by investing to create jobs, cutting wasteful spending, and strengthening programs like Medicare and Medicaid.  This approach will require both parties to compromise and make tough choices.

While the House Republican budget aims to reduce the deficit, the math just doesn’t add up.  Deficit reduction that asks nothing from the wealthiest Americans has serious consequences for the middle class.  By choosing to give the wealthiest Americans a new tax cut, this budget as written will either fail to achieve any meaningful deficit reduction, raise taxes on middle class families by more than $2,000 – or both.  By choosing not to ask for a single dime of deficit reduction from closing tax loopholes for the wealthy and well-connected, this budget identifies deep cuts to investments like education and research – investments critical to creating jobs and growing the middle class.  And to save money, this budget would turn Medicare into a voucher program–undercutting the guaranteed benefits that seniors have earned and forcing them to pay thousands more out of their own pockets.  We’ve tried this top-down approach before.  The President still believes it is the wrong course for America.

That’s why the President has put forward a balanced approach to deficit reduction with no sacred cows.  It includes more Medicare savings over the next decade than the House Republican budget, but it does so by cracking down on waste and fraud, not by asking middle class seniors to bear the burden.  It closes tax loopholes for the wealthiest and biggest corporations so we can still afford to create jobs by investing in education, manufacturing, infrastructure, and small businesses.  The President’s plan puts our nation on a fiscally sustainable path and grows our economy from the middle class out.

While the President disagrees with the House Republican approach, we all agree we need to leave a better future for our children.  The President will continue to work with Republicans and Democrats in Congress to grow the economy and cut the deficit in a balanced way. This is the approach the American people overwhelmingly support, and that is what the President will continue to fight for each day.

Full Text Political Headlines March 12, 2013: Speaker John Boehner’s Statement on the 2014 Republican Budget “The Path to Prosperity: A Responsible, Balanced Budget” Released by House Budget Committee Chairman Paul Ryan

POLITICAL HEADLINES

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OBAMA PRESIDENCY & THE 113TH CONGRESS:

THE HEADLINES….

Speaker Boehner: Balancing the Budget Is Key to Growing Our Economy, Expanding Opportunity

Source: Speaker Boehner Press Office, 3-12-13

House Speaker John Boehner (R-OH) released the following statement in praise of The Path to Prosperity: A Responsible, Balanced Budget released today by Chairman Paul Ryan (R-WI) and Republicans on the House Budget Committee:

“We owe it to the American people to balance the federal budget — and Republicans have a plan to do it in 10 years. Our balanced budget is focused on growing our economy and expanding opportunities for all Americans. It cuts government waste, fixes our broken tax code to help create new jobs and increase wages for working families, repairs the safety net for struggling Americans, and protects and strengthens important priorities like Medicare and defense.

“I want to thank Chairman Ryan and all of the Republicans on the House Budget Committee for their work on putting together this balanced budget, and I would encourage President Obama and Senate Democrats to follow our lead. Washington’s long-time failure to address our country’s long-term challenges has been a stain on both parties. We can start setting things right by balancing the budget, and handing our children a booming economy instead of a mountain of debt.”

NOTE: Learn more about The Path to Prosperity – Republicans’ responsible, balanced budget – at budget.house.gov.

Full Text Political Headlines March 12, 2013: House Republicans’ Fiscal Year 2014 Budget

POLITICAL HEADLINES

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OBAMA PRESIDENCY & THE 113TH CONGRESS:

THE HEADLINES….

House Republicans’ Fiscal Year 2014 Budget

Source: Budget.House.gov, 3-12-13

The path to prosperity; a blueprint for american renewal

Washington owes the American people a responsible, balanced budget. House Republicans have put forth a plan to balance the budget in 10 years. Senate Democrats never balance—ever. It’s not fair to take more just to spend more in Washington. A balanced budget will foster a healthier economy and help create jobs….LEARN MORE

Full Text Political Headlines March 12, 2013: Rep. Paul Ryan’s Wall Street Journal Op-ed: The GOP Plan to Balance the Budget by 2023

POLITICAL HEADLINES

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OBAMA PRESIDENCY & THE 113TH CONGRESS:

THE HEADLINES….

The GOP Plan to Balance the Budget by 2023

The goal can be reached, with no new taxes, while increasing spending 3.4% annually instead of the current 5%.

Source: Paul Ryan, WSJ, 3-12-13

America’s national debt is over $16 trillion. Yet Washington can’t figure out how to cut $85 billion—or just 2% of the federal budget—without resorting to arbitrary, across-the-board cuts. Clearly, the budget process is broken. In four of the past five years, the president has missed his budget deadline. Senate Democrats haven’t passed a budget in over 1,400 days. By refusing to tackle the drivers of the nation’s debt—or simply to write a budget—Washington lurches from crisis to crisis.

House Republicans have a plan to change course. On Tuesday, we’re introducing a budget that balances in 10 years—without raising taxes. How do we do it? We stop spending money the government doesn’t have. Historically, Americans have paid a little less than one-fifth of their income in taxes to the federal government each year. But the government has spent more….READ MORE

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