Ryan Opposed Debt Reduction Plan Romney Used as a Model
Representative Paul Ryan was a pivotal figure in killing the 2010 Bowles-Simpson agreement, which Republican presidential candidate Mitt Romney now holds out as a model for putting Americas fiscal house in order.
The 18-member panel needed 14 votes to send a 10-year plan to trim the debt to Congress for a vote. As his partys then- ranking member on the House Budget Committee, Ryan led a bloc of three House Republicans who denied the additional votes needed.
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All of the House Republicans were disproportionately affected by the Norquist group on the issue of tax reform, said Gregg, now a senior adviser at New Mountain Capital LLC. Ryan clearly was the leader of House Republicans in setting the terms of a grand debt bargain, said Andy Stern, a panel member and Democrat.
Ryan, now Republican Mitt Romneys vice presidential running mate, was joined by Representatives David Camp of Michigan, Jeb Hensarling of Texas and four Democrats in opposing a blueprint that would have reduced the federal debt by $3.8 trillion through a three-to-one mix of spending cuts and tax revenue increases. Ryans support would have likely drawn votes from Camp and possibly Hensarling and made it all but impossible for the president to reject a plan created by his own self- appointed commission.
http://www.bloomberg.com/news/2012-08-14/ryan-opposed-debt-reduction-plan-romney-used-as-a-model.html