Jump to content
House Price Crash Forum
Sign in to follow this  
interestrateripoff

Paul Ryan Sees Supercommittee Falling Short Of Deficit Goals

Recommended Posts

http://www.bloomberg.com/news/2011-09-23/paul-ryan-sees-supercommittee-falling-short-of-deficit-goals.html

House Budget Chairman Paul Ryan predicted a congressional supercommittee will fall short of its goal of finding $1.5 trillion in savings, while saying it should be able to find roughly half that without raising taxes.

Finding $600 billion in budget cuts ought to be “pretty easy,” said Ryan, pointing to a requirement for automatic cuts of $1.2 trillion, from both defense and nondefense programs, beginning in 2013 if the committee fails to meet its target.

“I think there will be” an agreement, though “I don’t know how large it will be,” Ryan said in an interview on Bloomberg Television’s “Political Capital with Al Hunt” airing this weekend. Ryan, architect of a plan to replace Medicare with subsidies to help the elderly buy insurance, said he expects his party will stand by that proposal.

“We can show many different ways of arriving at $1.2 trillion in spending cuts,” said Ryan, noting that an effort overseen by Vice President Joe Biden came close to that. “We’ve had talks earlier that got very close to that number, so I’d like to think we can get pretty close.”

I suppose the irony of being a "supercommittee" is lost on them.

I wonder how poor the savings would be if they weren't a supercommittee.

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Loading...
Sign in to follow this  

  • Recently Browsing   0 members

    No registered users viewing this page.

  • 277 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



×
×
  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.