SEARCH
« RNC Raises $19 Million in Second Quarter, Debt Still Looms | Main | Karl Rove, Claire McCaskill Spar Days After Rove's Ads Air Against Her »
Monday
Jul182011

White House Compares 'Cut, Cap and Balance Act' to 'Ryan Plan on Steroids'

Medioimages/Photodisc(WASHINGTON) -- Following the president’s veto threat Monday morning, senior White House officials launched a full-on assault against the Republican “Cut, Cap and Balance Act” Monday afternoon, describing it as “extreme, radical, and unprecedented.”

On a conference call with reporters Monday, White House Communications Director Dan Pfeiffer said the legislation “essentially enshrines into the constitution the Ryan plan on steroids.”

“Unless House Republicans are willing to raise revenues, significant revenues, something they have refused to do, it would require much deeper spending cuts than in the Ryan plan. This would result in even more devastating cuts to clean energy, education and health care for children and people with disabilities,” Pfeiffer said.

In addition to cutting spending in fiscal 2012 by $111 billion and capping future spending at 19.9 percent of GDP, the bill would require that a Balanced Budget Amendment be approved by Congress and sent to the states in order for the debt ceiling to be increased.

“This is equivalent to holding the debt limit hostage,” Deputy Director of the National Economic Council Jason Furman said on the call.

Pfeiffer reiterated that the president believes compromise, not a constitutional amendment, is needed to get the nation’s fiscal house in order.

Copyright 2011 ABC News Radio

References (2)

References allow you to track sources for this article, as well as articles that were written in response to this article.
  • Response
    Response: news
    Good Web-site, Carry on the good work. Thanks for your time.
  • Response
    Response: b2b marketing
    Superb page, Maintain the great work. Thanks for your time.

Reader Comments

There are no comments for this journal entry. To create a new comment, use the form below.

PostPost a New Comment

Enter your information below to add a new comment.

My response is on my own website »
Author Email (optional):
Author URL (optional):
Post:
 
Some HTML allowed: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <code> <em> <i> <strike> <strong>






ABC News Radio