Policy Summit Recap: Rep. Paul Ryan & Rep. Chris Van Hollen

March 29, 2012

Video Policy Summit: http://www.youtube.com/watch?v=k_kXK9B7XOI
Photos Policy Summit for public use: (Rep Paul Ryan & Rep Chris Van Hollen): http://dl.dropbox.com/u/21405352/EventPhotos.zip

Rep. Paul Ryan (R-WI) & Rep. Chris Van Hollen (D-MD)
POLICY SUMMIT BUDGET REVIEW
WHAT WAS SAID

Arlington, VA – This morning, before the House of Representatives votes on the competing House Republicans’ and House Democrats’ budgets, House Budget Committee Chairman Paul Ryan (R-WI) and Ranking Member Chris Van Hollen (D-MD) discussed the FY2013 Budget proposals at a policy summit, “Budget Review, Leading Policy Priorities for Sustained Growth,” hosted by National Journal and Public Notice.

Below are quotes from keynote guests Rep. Paul Ryan (R-WI) and Rep. Chris Van Hollen (D-MD):

Rep. Paul Ryan (R-WI)

“I think we will fix this problem. I think we are the safe haven. I think we have better labor markets, a better economy, better resources. We have everything wired to get back to prosperity.”

“I believe we’re going to fix this thing, but I believe we have to get through an election to do it.”

“We don’t think the generals are giving us their true advice. We don’t think the generals believe that their budget is really the right budget … What we get from the Pentagon is more of a budget-driven strategy, not a strategy driven budget.”

In talking about entitlements, Medicare and Social Security, “Both parties made a lot of promises to people that the government can’t keep.”

Rep. Chris Van Hollen (D-MD)

“The Congressional Budget Office estimates that one third of the current deficit for fiscal year 2012 is due to the fact that the economy is at underemployment.”

“The issue here is not whether we reduce the deficit and whether we reduce the debt, we have to do that. The question is what choices we make in the process.”

“At the end of the day, we’re going to have to reach compromise.”

“Why might [2013] be different [from 2012]? The reason it could be different is we have these action forcing events. You have the end of all the tax cuts scheduled by law to happen…that’s five trillion dollars in the mix. You have the sequester, which everybody agrees is the wrong way to reduce spending. And then you have the debt ceiling. That’s a very combustible cocktail, but it also has the potential to force people to make the difficult compromise.”

Budget Briefing Book: Complete guide to President’s, House Republicans’ and House Democrats’ Budget proposals
Media Contact:
Victoria Coley, Public Notice, victoria@thepublicnotice.org 443.758.6077

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Public Notice is an independent, nonpartisan, non-profit, 501(c)(4) organization dedicated to providing the facts and insights on the effects public policy has on Americans’ financial well-being. 

 

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