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Pres. Obama rips Rep. Ryan budget plan calling it a "Trojan horse"


WASHINGTON D.C. (WTAQ) - President Obama condemned Wisconsin House Republican Paul Ryan’s federal budget plan Tuesday in a luncheon speech to Associated Press editors in Washington. The GOP-controlled House passed the three-and-a-half trillion dollar plan last week – but the Democrat Obama calls it a “Trojan horse” that tries to improve quote, “a radical vision” that would hurt working families and their finances. Ryan’s plan aims to cut federal deficits, keep Medicare from going broke, and reduce the size of government while providing lower tax rates and fewer tax breaks. Democrats say it would kill Medicare, cut taxes for the rich, and impose deep cuts on important programs like rail-and-highway projects and financial aid for college. In his speech to the AP, Obama said Ryan’s budget would hurt the current economic recovery by quote, “gutting the very things we need to grow an economy that’s built-to-last.” The president called the GOP’s proposed cuts in education, job training, research, and development as a a “prescription for decline.” The Republican White House candidates have endorsed the Ryan package. But it’s expected to die in the Democratically-controlled Senate.