The 2014 '30 Under 30'

Congrats to this year's 30 -- check out the full list here!

WATCH: Paul Ryan breaks down America’s spending problem in one simple chart

 

America’s favorite chartographer Paul Ryan stopped by ‘Meet the Press’ this morning to explain that exponentially increasing amounts of federal spending is the problem, not the amount of taxes the government is collecting from the American people.

And it wouldn’t be a Paul Ryan budget lesson if it didn’t include a chart! Against MTP host David Gregory’s wishes, Paul Ryan whipped out a chart to explain that it’s the spending, stupid.

 

Look, we’ve already done the revenue bit, and if you keep raising revenues, you’re not going to get decent tax reform. Look, I know you didn’t want me to pull out a chart, and I’m kind of a chart guy…

This green line shows you historic tax rates – how much we’ve raised in taxes. The blue line is every tax increase President Obama is calling for. He got lots of those already. The red line, it shows you where spending is going. Spending is the problem. Revenues aren’t the problem. Spending’s the problem. And if you keep chasing higher spending with higher revenues, as they’re calling for, you’re actually going to hurt economic growth, you’ll never catch up, you’ll shut down the economy and you won’t actually get the budget balanced.

- Paul Ryan, Chair House Budget Committee

 

Comments

Comments

  1. Robert Clements says:

    That’s gonna be easy! JUST DRAW A CHART WITH OBAMA SIGNING AWAY IN MIDDLE OF THE NIGHT, EXECUTIVE ORDERS THE NEXT 4YRS.!!!

  2. joizy says:

    Interesting that Ryan’s “historical” look at taxes starts in 2012 and goes into the future. How about looking at tax/revenue/spending prior to GW Bush? That would be historical and kind of blow his straw man apart.

    1. Melinda says:

      There’s no straw man, joizy. Look again. The chart starts in 2006. You can Google tax receipts as a percent of GDP and find many charts dating back to 1945 showing that tax revenue has continually averaged about 18% of GDP with small 1% to 3% variances the entire time. Even during high growth times, revenue has never risen above about 21% of GDP. During that same time frame, federal spending has risen from about 16% of GDP right after WWII ended to around 24% now. The estimate shows we will reach about 38% of GDP in federal spending by 2041, while revenue will remain flat at around 19% to 19.5% of GDP. Tax increases give a small “bump” of 1% to 15% in revenue. Ryan is right. When comparing revenue and spending, spending is the problem. However, even with meaningful spending cuts, we cannot hope to tackle our debt. It has to be a mixture of spending cuts and growth. With negative growth in the 4th quarter of 2012 and no meaningful spending cuts, our economic future looks pretty sad.

    2. Laura says:

      I’m really sick of hearing about Bush, four years into Obama’s “reign”! This is the weakest recovery in the history of this country, the Bush excuse is getting weak! Democrats and Obama want to call the Tea Party out as ‘terrorists’, ‘extremists’, yet, so far, they are the ONLY ones who seem to have a better plan than printing more money, handing out food stamps, and blaming everyone for this mess! The people in this country need to start paying better attention than watching the evening news on ABC & CBS, because they won’t tell you anything that Obama or Soros doesn’t approve of first! I watch ALL the news stations, and ABC & CBS don’t report anything that hasn’t been talked about on line or on Fox for 3 days previously! It’s time to face the truth and stand up for this country before you loose the Freedom we have lost a lot of Son’s and Daughters fighting for!

      1. Melinda says:

        I am weary of the blame game as well. Now that the President’s first term is complete, he can no longer blame the previous President for our economic woes. I am seeing now in the news that Jay Carney and Nancy Pelosi have both blamed the Republicans in Congress for the negative GDP growth in the fourth quarter of 2012. The blame has shifted from Bush and my guess is that whatever happens in the coming 4 years that is not positive for the current administration will be blamed on Congressional Republicans. Placing blame on others is an extremely distasteful quality and totally counterproductive. Unfortunately, it appears that placing blame rather than looking for solutions is going to continue during President Obama’s next term.

Polititainment

The royal photobomb and selfie

The selfie epidemic has officially gone royal.

Miller wants Obama to go on long vacay

President Barack Obama hopes to "be on a beach somewhere drinking out of a coconut" in 2017. Comedian Dennis Miller wants him there now.

Daily Show on ACA madness: blame Boehner

May Jon Stewart's viewership not be goldfish in remembering the full breadth of the Affordable Care Act saga. "A mediocre Scrabble hand" is but a flash point in a much larger and difficult game.

Stewart challenges McCain to 'wrong-off'
  Sen. John McCain and The Daily Show’s Jon Stewart have engaged themselves in a televised media war. McCain recently appeared on Media Buzz where he was asked if he believes Stewart is fair to Republicans. Stewart used this clip in his monologue Tuesday night and replied to the question with “does the Pope sh*t […]
Long-shot for House may be on reality TV

Nick Di Iorio may have to settle for the TV screen instead of the U.S. House floor.

White House

Polls: Obama White House incompetent at managing, worse than Darth Vader

The job of the administrative branch is to, well, administer the laws. According to a new Fox News poll released on Wednesday, most Americans think that the Obama administration is failing dismally at the task.

Obama wants ‘idealism and optimism’ for millennials in face of Congressional ‘crisis,’ refuses to recognize he is part of the problem
Now that “hope and change” seems to be played out, President Barack Obama has come up with a new catchphrase for millennials – “idealism and optimism.” In a speech at a Democratic National Convention fundraiser in Seattle, Wash. Tuesday night, Obama asked young people not to give up their natural idealism and optimism because of […]
President Obama admits he does not watch the news

During a speech during a Democratic National Committee event in Seattle, Washington Tuesday night, President Obama confessed that he doesn't watch the news. Throughout the speech, Obama predictably complained about the incompetence of our "broken" Congress and urged his liberal audience to get enthusiastic about voting for Democrats in the midterm elections this fall.

Congress and the President actually take action, Obama says ‘it’s so much fun’
“Girls just want to have fun,” Cyndi Lauper belts in her famous song. Apparently President Barack Obama wants to join her. “Let’s do this more often. It’s so much fun,” Obama said at a bill signing on Tuesday. Obama gathered in White House with members of Congress to sign the Workforce Innovation and Opportunity Act. This […]
Josh Earnest criticizes negative story for quoting anonymous sources, forgets the White House is always quoted anonymously

When White House Press Secretary Josh Earnest took a potshot at anonymous sources during a Monday briefing, he probably should have picked a meeker reporter.

Congress

Paul Ryan unveils new anti-poverty agenda

In another example of the Republican Party expanding its policy tent, Rep. Paul Ryan (R-Wis.) unveiled a new poverty-fighting agenda Thursday at the American Enterprise Institute.

Cruz to Reid: Leave Ritz-Carlton, go to Border
After President Obama turned him down, Sen. Ted Cruz (R-TX) invited Sen. Harry Reid (D-NV) to join him at the border.  In response to Reid’s recent claim that the border is secure, Cruz said on Fox News Sunday that Reid’s perspective is skewed because he “lives in the Ritz-Carlton in Washington D.C.” “I would invite […]
Graham: Immigration reform crucial for 2016
Immigration reform will be crucial to the 2016 presidential election, at least one Republican senator believes. Sen. Lindsey Graham appeared on NBC’s “Meet the Press’” with David Gregory Sunday morning to discuss foreign policy and the border crisis. “Senator, the crisis on the border, immigration reform. This is an international problem. But it’s also a big […]
Cruz: Obama loves to blame problems on Bush
Why won’t President Barack Obama and Congress work to end Obama’s push for amnesty at the border? Sen. Ted Cruz (R-Texas) believes the reason stems back to the Bush era. Cruz’s argument is that Obama’s Deferred Action for Childhood Arrivals program is the reason for the surge of child immigrants from Central America seeking illegal entry into […]
Rand Paul wants to see minimum wage be 'temporary'
Sen. Ran Paul has a very different take on minimum wage from the Obamas, a point of detraction he made clear Saturday at the Reboot conference for libertarians and conservatives in the tech sector. Unlike President Barack Obama, who wants to see the minimum wage raised nationwide so people can live permanently on it, Paul argues […]