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January 30, 2012

Rep Paul Ryan on Obama: 'He'll create more inequality'

Topics: Political News and commentaries

House Budget Committee Chairman Paul Ryan (R-Wis.), responded to President Obama's State of the Union on Fox News Sunday, saying that Obama's policies would "do the exact opposite" of what Obama says they would:

From the transcript at Fox News:

The irony of this is the president's policies do the exact opposite. What we got -- I was there. So, I heard the speech a couple of times now.

We basically got this: the president can't run on his record. It's a miserable record. He's not going to change his tune and moderate like, say, Bill Clinton did in 1996, because he's really stuck with his ideology. So, he has no choice but to divide.

And so, he is going to run a very divisive campaign for political gain, and he has this concept of fairness and equality where he uses the kind of rhetoric we use, but the policies he's producing will result in crony capitalism, will result in giving more power to the government to supervise our lives, to give us a stagnant economy, where the rich and the powerful are the ones who are picking.

So, I'm trying to say is, he is giving us a future of debt, doubt and decline. He barely even mentioned the budget, the deficit, or the fact that that was the day which marked 1,000 days since the Senate bothered to even passing a budget. It's record they can't run on.

So, the president is going to use this divisive rhetoric and the outcome of these policies is to consolidate power in Washington where you have crony capitalism, which his rhetoric tries to decry.

When asked if Obama's "Buffett Rule" was fair, Ryan said the best way for the federal government to pursue fairness is to "end subsidies for the rich":
Let's just look at the math. All these tax increasing that the president is talking about, they only cover 8 percent of his proposed spending increases. The other 92 percent of the president's spending increases are borrowed money. So, even if -- it doesn't even add up. It doesn't even go to the deficit.

More to the point, instead of raising taxes, which unfortunately hits small businesses -- you got to remember, eight out of 10 businesses in America file their taxes as individuals. So, the president saying bringing their top tax rate to 45 percent, which is the current schedule, is not high enough. I want to go higher than that. That would simply crush job creators, crush job creation.

I have a better idea -- instead of raising taxes on producers and small businesses, why do we stop subsidizing the wealthy? Stop the crony capitalism. Stop the corporate welfare, income tax or entitlements. We get far more saving in the budget without choking off economic growth.

Interestingly, when the Obama-loving AP did a fact check on Obama's SOTUS, it too found that 'Obama's math didn't add up up.'

Related: Fact Checking Obama's SOTU: Corporate Tax Myths (Perhaps more aptly described as Obama's outright lies about corporate taxes!)

Posted by Hyscience at January 30, 2012 10:22 AM

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