Deadline Extended

Know a young conservative who should be on Red Alert's 2015 '30 Under 30' List? Nominate them by May 29.

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

Anti-Stephanopoulos artwork invades NYC

Posters depicting ABC News anchor George Stephanopolous and a smiling Hillary Clinton with the words "PayPal" and "Donate" written on them have been popping up close to the studio where ABC shoots Good Morning America.

Rubio gets first celeb endorsement

The Florida senator and official GOP candidate for president has just received a big celebrity endorsement from Rick Harrison of the popular show "Pawn Stars," according to a report in the Las Vegas Sun.

Snoop Dogg endorses Hillary Clinton

Snoop Dogg became the latest rapper to endorse the Democratic presidential candidate during his appearance on Bravo's "Watch What Happens Live" over the weekend.

John Oliver shocked by House NSA reform

John Oliver was shocked to hear that the House recently passed NSA reform.

Introducing the 2016 SNL primary

The weekend comedy show has been skewering candidates for president left and right -- some more than others -- so much so that we thought it a good idea to track the program's focus on specific candidates.

Video

t u

2016

Ben Carson wins Oklahoma SRLC straw poll

Dr. Ben Carson emerged victorious in Saturday’s straw poll at the Southern Republican Leadership Conference in Oklahoma.

Rand Paul vs. Christie and Walker on NSA

The Senate's fight over reauthorizing the Patriot Act has become a battleground for likely GOP presidential candidates.

Are LinkedIn users ready for Hillary?

The presidential hopeful announced her arrival to the professional social networking site on Thursday with a post listing “Four Ways to Jump-Start Small Business.”

Clinton Foundation got $26M in undisclosed payments

The Clinton Foundation on Thursday made public that it received up to $26.4 million in previously undisclosed payments from corporations, universities, and even foreign sources, according to the Washington Post.

Clinton got now-classified Benghazi info on email

WASHINGTON (AP) Former Secretary of State Hillary Rodham Clinton received information on her private email server about the deadly attack on U.S. diplomatic facilities in Benghazi that has now been classified.

Policy

NSA claims to be shutting down bulk surveillance

With key Patriot Act provisions soon expiring, and no legislative extension in sight, the question now becomes: will the NSA actually shut down their metadata program?

George W. volunteered to officiate a gay wedding

This year, journalists have been asking practically every Republican candidate whether they would attend a gay wedding—and have received a wide variety of answers.

Lindsey Graham rolls eyes during Rand Paul speech

Lindsey Graham's eyeballs practically fell out of his sockets when Rand Paul rose to speak against the NSA Friday night.

Professor: Americans can't handle owning guns

In an op-ed for The Dallas Morning News, Prof. John Traphagan, who teaches religious studies and anthropology at the University of Texas at Austin, demands that Americans give up gun ownership after several tragic, high-profile shootings that have taken place recently.

Obama: Climate change is a security 'threat'

Obama spoke of global warming's looming threat during his commencement address to the U.S. Coast Guard Academy in New London, Connecticut, Wednesday.