Republicans would like voters to believe otherwise, but spending is lower since President Obama took office. We’ve read about the crippling cuts Republicans would like to enact, and no one is more vocal about that than Paul Ryan except he wants Americans to believe that those cuts are actually an ‘opportunity.”
Rep. Paul Ryan (R-WI) is insisting that Republican budget plans which drastically cut discretionary spending on programs for the sick and the poor is an “opportunity” instead of “austerity.”
“Well, we can debate the efficacy of Keynesian economics or not, and I think that it’s pretty clear that it doesn’t work,” the former Republican vice presidential nominee quipped. “We’re not preaching austerity; we’re preaching growth and opportunity. What we’re saying is if you get our fiscal ship fixed, you preempt austerity.”
“A debt crisis is what they have in Europe, which is austerity,” he continued. “You cut the safety net immediately, you cut retirement benefits for people who have already retired, you raise taxes, slow down the economy, young people don’t have jobs. That’s the austerity that comes when you have a debt crisis. And when you keep stacking up trillion dollar deficits like this government is doing, it’s bringing us to that moment.”
Another notable figure: When President Bush came into office in 2001, he inherited a $281 billion federal budget surplus from the Clinton administration. By the time Obama took over eight years later, the deficit was $1.2 trillion. An interesting fact given that conservatives love to blame Democrats—and in particular Obama—for America’s current economic problems.
Repeat after me: Spending is lower since President Obama took office. Social Security is not an ‘entitlement’. Mitt Romney and Paul Ryan lost. We won.