Paul Ryan to 'Preempt Austerity'

By the Web Editors 05-21-2012

House budget chairman Paul Ryan and Senate assistant majority leader Dick Durbin discuss debt challenges and austerity on Meet The Press over the weekend.

According to Ryan: "The whole premise of our budget is to preempt austerity by getting our borrowing under control, having tax reform for economic growth, and preventing Medicare, Social Security and Medicaid from going bankrupt."

Politico reports that Ryan's argument follows Republican arguement that cutting those programs now will prevent future economic hardship, and later on, save them.

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