House Budget Committee Chairman Paul Ryan (R-WI) unveiled his new budget proposal which was strikingly similar to Mitt Romney and Ryan’s proposal during the campaign. President Obama slammed Ryan’s ‘newest’ version with some choice words on ABC’s George Stephanopoulos.
TPM reports, ”We’re not going to balance the budget in 10 years because if you look at what Paul Ryan does to balance the budget it means that you have to voucherize Medicare, you have to slash deeply into programs like Medicaid,” Obama said, adding that his goal is not “to chase a balanced budget just for the sake of balance.”
President Obama admitted that differences with congressional Republicans may be “too wide,” further adding that if the GOP will only accept new tax revenues under the condition that deep cuts are applied to Medicare, Social Security and Medicaid “then we’re probably not going to be able to get a deal.”
Uh oh. Obama is acting like he won the election again. Ryan is going to be mad.
By punishing the poor while gifting the wealthy, Republicans have just further established that they are the Party for and of the Rich.