Speaker Ryan on budget sequester origin, debt crisis by entitlements
House Speaker Paul Ryan of Wisconsin reminded reporters at a press conference with hours left on the second 2018 shutdown threat why budget sequestration was in place, because President Obama called for a super committee to get entitlement reform, but that did not work so the mechanism kicked in, a very crude tool that put cuts where they did not belong on the military, that the true driver of a debt crisis, was really healthcare inflation and entitlements driven by a demographic challenge of baby boomers retiring and fewer people following them, that cutting the military did not solve the problem and by getting rid of the military there would still be a deficit.





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Restrictions:
May not be used as partisan political campaign material to promote or oppose the candidacy of any person for elective public office, and may not be used to distort the objects and purposes of the hearing, or cast discredit on or dishonor any member of the U.S. House of Representatives or U.S. Senate, or bring the House or Senate or any Member into disrepute.
Credit:
Editorial #:
916238768
Collection:
FedNet
Date created:
February 08, 2018
Upload date:
License type:
Rights-ready
Release info:
Not released. More information
Clip length:
00:01:05:02
Location:
Washington, DC, United States
Mastered to:
QuickTime 8-bit H.264 HD 1280x720 30p
Source:
FedNet
Object name:
hpr020818b-h.mov
- Baby Boomer,
- Working,
- Baby - Human Age,
- Barack Obama,
- Budget,
- Color Image,
- Crisis,
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- Driver - Occupation,
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- Finance and Economy,
- Following - Moving Activity,
- Government Debt,
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- HD Format,
- Healthcare And Medicine,
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- Inflation - Economics,
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- Military,
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- Paul Ryan - Politician,
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- Population Explosion,
- Press Conference,
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- Raw Footage,
- Real Time Video,
- Recession,
- Reform,
- Retirement,
- Risk,
- Solution,
- Speaker of the House,
- Threats,
- Time,
- US Military,
- US Republican Party,
- USA,
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- Video with Sound,
- Washington DC,
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