Lew Behavior: Paul Ryan chastises white House Budget Director for arriving late and failing to lead on the debt


Let's not overlook the fact that Paul Ryan's budge proposal only cuts $60 BB from the budget and leaves military, unemployment insurance, Social Security, Medicare and Medicaid untouched.

But he does have at least a bit of sense to understand that the budget put forth by Jack Lew, WH budget director, on why he squandered the opportunity to lead on our country's “crippling burden of debt” with his budget proposal for 2012.  He said that he would have rejected the budget plan released on Monday even if it had come from a Republican president.  The budget he presented only cut the deficit by 1.1 TT over ten years and they also assume a 4% growth in 2013.  If you put garbage into the model, then the output will be incorrect as well. Via The Hill:
“Because we face a crippling burden of debt, this year’s budget in particular presented the president with a unique opportunity to lead our country,” Ryan told Lew. “The president has disappointed us all by declining that opportunity.”

“If George Bush brought us this budget I would say the exact same thing: why did you duck?” Ryan asked White House budget director Jack Lew at a hearing. “Why did you not take this opportunity to lead?

Ryan kept up his assault on the president’s budget request at a hearing Tuesday morning with White House budget director Jack Lew.

Obama’s $3.7 trillion budget claims to reduce deficits by $1.1 trillion over 10 years, but it does not tackle entitlement or overall tax reform and it does not project a truly balanced budget in the next 10 years.

Lew said Obama has called the budget a down payment and acknowledged that more needs to be done in the long term to balance the budget.

“There is more work ahead of us,” Lew said.

Ryan said he does not buy the administration’s economic growth assumptions of 4 percent GDP growth by 2013, the same year when Obama would raise taxes on small businesses and the wealthy.

“Because we face a crippling burden of debt, this year’s budget in particular presented the president with a unique opportunity to lead our country,” Ryan told Lew. “The president has disappointed us all by declining that opportunity.”

Obama’s $3.7 trillion budget claims to reduce deficits by $1.1 trillion over 10 years, but it does not tackle entitlement or overall tax reform and it does not project a truly balanced budget in the next 10 years.

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