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Gillibrand: Ryan budget would put US back in recession

By Meghashyam Mali - 03/13/13 09:40 AM ET

New York Sen. Kirsten Gillibrand (D) on Wednesday panned the House GOP budget, claiming its spending cuts could put the U.S. back into recession.

“What Paul Ryan has offered is a cuts-only approach that will put us back into a recession,” Gillibrand said on “CBS This Morning.”

Ryan, the House Budget Committee chairman, unveiled his fiscal 2014 budget proposal on Tuesday. The plan calls for $5.7 trillion in cuts and lowering the top tax rate to 25 percent. Ryan’s budget would balance in 10 years and also includes his Medicare reform plan from last year, which allows seniors the option of purchasing private insurance and receiving support payments from the government.

But Democrats quickly dismissed the proposal, saying that the cuts to government programs and entitlement reforms would hurt the public.

Democrats campaigned against Ryan’s past budget in 2012 when he was the GOP vice presidential nominee and said that they would make it a campaign issue again in 2014.

“It's one that does not protect seniors. It does not protect the middle class,” Gillibrand said of the Ryan budget.

Instead, she touted the Senate Democratic budget that was unveiled yesterday. The proposal from Senate Budget Committee Chairwoman Patty Murray (D-Wash.) would raise taxes by $1 trillion and enact new stimulus spending.

Gillibrand said the Murray budget was a “very balanced” approach. 

She said the Senate budget proved the country could “cut back spending, but in reasonable appropriate ways" and "strengthen our entitlements in a way that keeps them there not just for this generation but for the next generation.”


Source:
http://thehill.com/video/senate/287845-gillibrand-ryan-budget-would-put-us-back-in-recession

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