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Paul Ryan says deep budget cuts likely

By: AP
By: AP
The chairman of the House Budget Committee says Republicans will oppose tax increases and, as a result, deep, unpopular budget cuts will likely take effect.

FILE - This Nov. 28, 2012 file photo shows House Budget Committee Chairman Rep. Paul Ryan, R-Wis. walking on Capitol Hill in Washington. House Republicans say they may seek a short-term extension of the government's debt limit in the next few weeks, a move that would avoid an immediate default by the Treasury. Ryan provided no details on the duration of any extension or conditions that might be attached as he appeared at a news conference during a break at a three-day retreat of the rank and file in historic Williamsburg, Va. (AP Photo/J. Scott Applewhite, File)

WASHINGTON (AP) -- The chairman of the House Budget Committee says Republicans will oppose tax increases and, as a result, deep, unpopular budget cuts will likely take effect.

Republican Rep. Paul Ryan of Wisconsin told NBC's "Meet the Press" on Sunday that automatic spending cuts are scheduled to take hold because, quote, "Democrats have opposed our efforts to replace those cuts with others."

Democrats have insisted taxes be part of the equation to dodge across-the-board spending cuts that are set to hit the Pentagon and many domestic programs. The spending cuts were set in motion in the hopes of spurring lawmakers to strike a large-scale deal to reduce the deficit.

Ryan was the 2012 vice presidential nominee. He says the country is heading toward a debt crisis if it doesn't confront its spending.


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