Here’s Why Paul Ryan Isn’t Worried About Spending Cuts

  • Like on Facebook
  • Share on Google+
  • Share on LinkedIn
Source: http://www.flickr.com/photos/gageskidmore/

Source: http://www.flickr.com/photos/gageskidmore/

Chair of the Budget committee within the House of Representatives, Paul Ryan (R-Wis.) has been dealing with some negative feedback over the budget deal, as have other Republicans in Congress. Some Republicans claim he gave up too much in the way of spending cuts just to seal the deal with Democrats — losing the edge that the sequester had built in. “We’re not busting sequester caps. In just the next two years, 70 percent of the sequester is intact,” said Ryan in an interview with Fox.

“Ninety-two percent of the sequester over the life of the sequester is intact. The Democrats came to this saying get rid of the entire sequester. And we’ve got them to agree to 70 percent of the it now and 92 percent of it exists over the term of the deal,” said Ryan.

Ryan urges critics to take a closer look at the details of the bill, noting that Republican principles have been stable. “No tax increases, net deficit reduction, permanent spending cuts in place of the across the board approach,” said Ryan during his interview with Fox, agreeing that one could say sequester caps are leaking, but not bursting.

More Articles About:

To contact the reporter on this story: staff.writers@wallstcheatsheet.com To contact the editor responsible for this story: editors@wallstcheatsheet.com

Yahoo Finance, Harvard Business Review, Market Watch, The Wall St. Journal, Financial Times, CNN Money, Fox Business