Paul Ryan On Debt Ceiling Deal: No New Taxes

WASHINGTON (AP) -- The Republican chairman of the House Budget Committee says his party is vehemently opposed to tax increases because U.S. businesses have been put at a disadvantage with their foreign competitors.

Wisconsin's Rep. Paul Ryan tells CBS's "The Early Show" that "we are already taxing our job creators and our businesses more than our foreign competitors are taxing theirs."

Ryan says there should be over a dollar in spending cuts for every dollar in new borrowing authority.

Ryan says the United States must get its spending under control because the mounting federal debt "is a recurrent threat to our economy." He tells the network he believes a debt crisis is coming. Ryan says, "It's hitting not just our country but countries around the world. We want to get ahead of it."

Comments

[rdcjaca]

09:37 PM on 07/12/2011

Ryan time to you budget and medicare plan and leave the country. !!!! 300, M say bye bye. !!!!

[mukarrib]

09:33 PM on 07/12/2011

Ryan has a point. It's just too bad that he'll screw the American people before making the proper decision. Besides, he's tainted himself already with his lies about his own scheme for Medicare. Can this guy actually be trusted to do the right thing?

[llwlknsn]

08:59 PM on 07/12/2011

Then write a check AH. Tax cuts are a form of revenue redistribution. In other words, spending. The Bush tax cuts were put in place to return the 'surplus' back to the people. Those surpluses are long gone. It is time to stop spending on the rich.

[Linda Edmondson]

07:56 PM on 07/12/2011

Pres O has had a pay as you go policy before the economy went into the hopper. Ryans plan sounds like it has merit, buy it is off the track, those big business' are sitting on there wealth and not investing in jobs, they are using there tax breaks to put back in there own pockets, Ryan nor his big friends have any regard for the damage resulting from there policys.

[pmoschetta]

03:11 AM on 07/13/2011

Once and for all, Obama inherited a disasterous economy, massive layoffs from the automotive, housing, and banking industries, and developed a stimulus package that would bring cash money into our economy, combined with infrastructured production for much needed projects.
The S/P wasn't a cure all, it was a band-aid, and one that effectively worked, however it was also designed to kick start other companies to get their productive mode in gear. Unfortunately, without a demand for a product, jobs won't be created.
What the republicans and Ryan has suggested, is that these USA companies have lost the edge to foriegn companies when the facts are, these are the same companies that have taken businesses overseas, and left our working Americans home to suffer the fate of the unemployed.

[Linda Edmondson]

11:33 PM on 07/13/2011

Dear pmoschetta , I think we are on the same page. I agree with what you said, Ryan has very distructive policys, he and the republicans will sacrifice our Country for an election they do not even have a viabel candidate.

[Bloodhound41]

07:03 PM on 07/12/2011

"US businesses are at a disadvantage with their foreign competitors." What foreign competitors? Now a days US businesses are their own foreign competitors. They invest their money in foreign countries, make or buy their products in foreign countries and, in most cases, have more employees in foreign countries. Oh, lets not forget they're hiding most of their profits in foreign countries now as well.

[jaslyn]

06:41 PM on 07/12/2011

This guy is the epitome of the new lie out loud Republican. To call the ultra rich who haven't paid their fair share since Bush denegrated the White House, job creators, should make his nose grow a mile. They didn't create any when Bush was playing at President and the tax cuts were enacted, what's supposed to make them create them now? I mean in the U.S.? we know they offshore everything.

[dustyarain]

06:40 PM on 07/12/2011

I can only assume he's high, given how he looks in that picture, and the fact that he doesn't see that we didn't have any problems with our competition with overseas companies when Clinton was in office with taxes much higher than they are now. As a nation we were booming and rockin. It wasn't until Bush took office, put us into two wars, cut taxes, that would have been used to fund said wars. Cause.. Really. If you're suddenly spending money, why would you cut back on the hours you work? Not to mention all the jobs that went from private sector into federal hands. IE: TSA. I want to see how much money the conversion of the airport security staff from private to federal run, is costing us. Every pay check, and every cost to their benifits. Show me that. and I'll show you the first thing that needs fixed.

Considering they're not doing any better than the old service providers did.

[wanagiakicita]

06:37 PM on 07/12/2011

Take a peek at how the Corporations are suffering:

http://money.cnn.com/magazines/fortune/fortune500/2011/snapshots/2219.html

Their profits are up ridiculous percentages....so where are the jobs? TAX THEM NOW!!!!

[Tommygun264]

06:23 PM on 07/12/2011

Paul who? Oh, isn't that the guy who used Social Security benefits to get a college education and gain a position of power so he could pull the ladder up after himself?

[jaslyn]

06:42 PM on 07/12/2011

like Bachmann, they take whatever cash they can get their hands on from the government, then talk out of the other sides of their multiple mouths when anyone else is in need.

[pmoschetta]

03:14 AM on 07/13/2011

I find Bachmann's argument against Medicare hilarious considering her family run counseling service accepts Medicare as a form of payment. I also find the investigation that this service offers to "heal" gays into being "straight" with some psycho-God fearing practice even more laughable. Like using voodoo to cast out the devil, Bachmann's counseling services that by the way, accepts Medicare as a form of payment, just might be her political downfall.

[Watching rock grow]

07:11 PM on 07/12/2011

Yes, he is that very same Paul!

[chancetay]

06:05 PM on 07/12/2011

He's had another $357 bottle of wine.

[wanagiakicita]

06:37 PM on 07/12/2011

I do believe that was a $700 bottle of wine - but maybe he's on a budget now.

[BUSTERtheCAT]

05:39 PM on 07/12/2011

is he dr unk again?

[BUSTERtheCAT]

05:37 PM on 07/12/2011

he is still yappin?

yo paul dig this ...YOUR DONE in 2012, you aint gonna make 20 years for the super retirement package, go away man

[proudtohaveserved]

05:33 PM on 07/12/2011

PAUL RIAN is hakf irish and half italian. that's why the irish name and the b lack hair. that is called in iraland a black irish

[blueplano]

05:52 PM on 07/12/2011

So?

[Barbara DeZan]

06:13 PM on 07/12/2011

What's your point?

I'm half Native American and half Scots-Irish.

What does that have to do with anything.

Stupid is as stupid does....there are no boundaries, ethnic, racial or otherwise.

[Hillbilly49]

05:31 PM on 07/12/2011

Ryan is doing what comes naturally for regressive republicans; stealing from the poor and old to give to the rich. 

[frank day]

05:45 PM on 07/12/2011

Don't forget children and minorities !!!

( basically anybody that isn't a fat, white, male, fundamentalist)

[tjconkster]

05:25 PM on 07/12/2011

Please Budget Munster...tell me how many jobs the so called job creators actually created....its well documented that your party's policies have failed....George Bush the lessers economic policies created the fewest jobs of ANY American President....and as far as your hero Ayn Rand's policies go..if there were any legitimacy in her theories we all would be wealthy beyond our wildest dreams and the economy would be booming....but..the last time I looked..that ain't happening...

If Ayn Rand and the Free Market Fetishists Were Right, We'd be Living in a Golden Age -- Does This Look Like a Golden Age to You?
The lavish rewards flowing to the titans of industry have not exactly transformed society into a vibrant force for beneficial progress.

http://www.alternet.org/economy/151463/if_ayn_rand_and_the_free_market_fetishists_were_right,_we%27d_be_living_in_a_golden_age_--_does_this_look_like_a_golden_age_to_you/

[proudtohaveserved]

05:35 PM on 07/12/2011

he also collected on social security and used the STUDENT LOAN to go to college, ain't that a kick?

[Karma2U]

06:36 PM on 07/12/2011

Yep, that's the GOP way - I got mine and now I'm gonna take yours!

[wanagiakicita]

06:40 PM on 07/12/2011

Here is another website you may want to visit and take a look at the HUGE profits these corporations made last year and it's not going to change if they have to pay taxes. I paid MORE taxes in the U.S. last year than Exxon-Mobile!!!! Check this out, it will P*ss you off big time:
http://money.cnn.com/magazines/fortune/fortune500/2011/snapshots/2219.html