UNDATED (WSAU) House Budget Chairman Paul Ryan of Janesville wants to get you ready for deep cuts in federal spending this spring. The Republican Ryan said on N-B-C’s “Meet the Press” yesterday that those cuts are probably unavoidable because quote, “Democrats have opposed our efforts to replace those cuts with others.”
Democrats have insisted that tax hikes be part of any deal to avoid the automatic across-the-board spending cuts which are scheduled for many domestic and military programs. The cuts were part of a plan to force a major deal toward reducing the federal deficit – but they were delayed at the start of the year, when tax hikes took effect for higher-income people.
Ryan, the Republicans’ vice-presidential nominee in 2012, says the nation is heading toward a debt crisis if it doesn’t confront its government spending.