Ryan: Trillion-Dollar Deficits Were Inevitable

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Speaker Paul Ryan says that trillion-dollar deficits could not have been avoided by the GOP-controlled Congress, responding to critics within his party who say that leaders have behaved irresponsibly.

Ryan and other GOP leaders have come under fire for passing a $1.5 trillion tax cut last year, which may wind up costing more than expected, in addition to a $1.3 trillion omnibus spending package in March.

 

“Mandatory spending which is entitlements, that goes to $2 trillion over the next decade. Why does it go to $2 trillion? Because the boomer generation is retiring,” Ryan said.

Read more at The Hill.

{Matzav.com}

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