“They literally crash the U.S. economy, if these kinds of deficits that he’s proposing persist,” Ryan said, referring to the fact that the Congressional Budget Office has reported that the president’s 2011 budget proposal would nearly triple the publicly held portion of the federal debt over the next ten years.

Terence P. Jeffrey, Editor-in-Chief CNSNews.com writes:

Rep. Paul Ryan (R.-Wis.), the ranking member of the House Budget Committee, told CNSNews.com that the new fiscal year 2011 budget proposed by President Barack Obama will “literally crash the U.S. economy” with the additional debt it plans for the federal government.

“They literally crash the U.S. economy, if these kinds of deficits that he’s proposing persist,” Ryan said, referring to the fact that the Congressional Budget Office has reported that the president’s 2011 budget proposal would nearly triple the publicly held portion of the federal debt over the next ten years.

See the CNSNews interview video here

CNSNews.com interviewed Ryan Monday evening during a break in the Budget Committee’s consideration of a 2,400-page health-care “reconciliation” bill that the House Democratic leadership is crafting to make changes that Democratic House members want in the health-care bill that passed the Senate in December.

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