House Republicans plan to unveil an alternative to the budget proposed by President Barack Obama early next week.
Rep. Paul Ryan, R-Wisc., the ranking GOP member of the House Budget Committee, said Tuesday that he and his colleagues wanted to study the details of the Democratic budget before outlining their own plans.
The budget drafted by Rep. John Spratt, D-S.C., the chairman of the committee, is expected to be unveiled later Tuesday or early Wednesday. It will offer more detail than Obama's outline and may include some proposed changes in federal spending priorities.
Ryan offered few details of what he planned to propose, but he criticized Obama's proposal as too expensive and too reliant on taxes and borrowing.
We want to have a government that's sustainable. We want to have prosperity return to this country, he said. And we know the way not to go is to recklessly borrow and spend our way into a ditch we cannot dig out of.
He added, After we digest their budget, we will then begin to write our budget alternative. We will bring a budget alternative that says how we will do things differently.
Ryan said Obama's proposals include a borrowing binge that could lead to a devaluation of the dollar.
We can't be a prosperous society with high living standards if we consign the next generation to the kind of future the President is proposing, he said.
Rep. Marsha Blackburn, R-Tenn., a member of the GOP leadership in the House who joined Ryan in speaking to reporters at the Capitol, said that one of her constituents had framed the problem with federal budgets well.
I am tired of Congress spending money I haven't made yet on programs I don't want, she said. That was his interpretation of what is happening here in Washington.
She added, Not only does this budget spend too much, it taxes too much and we know that for our children, for future generations, it borrows too much.
Blackburn said she was specifically concerned by the Obama administration's push for health care reform and plans to address greenhouse gasses and climate change, which she called a cap and tax scheme.
Ryan also noted that in sheer dollar terms, not as a percentage of gross domestic product or adjusted for inflation, the Obama budget proposal would bring the national debt to a record level of $2.3 trillion.
The president is proposing to increase our national debt more than all the prior 43 presidents combined, he said. What we're talking about is debasing the value of the American dollar by borrowing way beyond our means.
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