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Obama: Paul Ryan's budget 'nothing but thinly veiled Social Darwinism'

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"It's nothing but thinly veiled Social Darwinism," Obama said at a luncheon hosted by the Associated Press. "It's antithetical to our entire history as a land of opportunity and upward mobility for everyone who's willing to work for it, a place where prosperity doesn't trickle down from the top, but grows outward from the heart of the middle class."

Obama called the GOP proposal a “prescription for decline,” and argued it would gut the middle class.

Ryan, the House Budget Committee chairman, shot back at Obama after excerpts of the speech were released this morning, saying “we all thought” he “would be better than this.”

“He had potential, making his leadership failures so disappointing,” Ryan tweeted.

The Ryan budget cleared the House on Thursday in a 228-191 party-line vote, setting up an election-year contrast with Democrats on spending and the debt. The proposal aims to cut $5 trillion more than Obama's 2013 budget proposal and would create a "premium support" option for future Medicare recipients.

For more on the president's remarks, click here.