Erica Hill: ...a lot of this has come down recently to politicking. How far are Republicans willing to go at potentially risking votes when it comes to the plan that you want to see passed. Would you give up votes for that? What's more important?Congressman Ryan: Well we have already passed the plan, our budget. We've already passed our budget. We've already put our ideas out on the table. We proposed over $6 trillion in spending cuts over the next 10 years. We proposed a plan that actually balances the budget, reforms the entire tax code by getting rid of all these loopholes to grow the economy, and pays off our debt. So we have put a plan out there and passed it.
The President has yet to submit an actual plan that actually fixes this budget problem. And it's been over 800 days since the Senate even bothered trying to pass a budget.
So we've put plans on the table Erica, but in the interest of getting things done around here, we have moderated our spending cut appetite to get through this moment and all were simply saying now is that for every dollar that the President wants to increase the borrowing, let's cut more than a dollars worth of spending to get the deficit on the right path.
July 12, 2011
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