Ryan Draws a Line in the Sand on Budget on CNBC

by Samuel R. Staley

There are only two ways to deal with the national debt: raises taxes or cut spending. House Budget Committee chairman Paul Ryan is drawing a line in the sand and saying forcefully cuts are the way to go. This is clear in his interview on CNBC’s Squawk Box and is well worth watching. He’s making this debate about values as much as addressing the debt and deficit, and, in this way, teeing up the real issues for the upcoming presidential election. The interview is 23 minutes long, but the money quotes and observations can be found in the first six minutes and the first 15 capture the essence of the proposal.