Video - Paul Ryan - Apr. 3, 2011
House Budget Committee Chairman Paul Ryan (R-WI) said Sunday that the GOP 2012 budget will exceed even the $4 trillion in spending cuts over the next decade recommended by President Barack Obama's debt commission.
But Ryan wouldn't commit that his new budget would follow the debt commission's lead and end corporate welfare for oil and gas companies.
"Widely reported that your budget will cut spending by $2 trillion over the next decade. True?" Fox News Chris Wallace asked Ryan during their Sunday interview.
"Well, it's more than that," Ryan said. "Quite a bit more than that."
"$4 trillion?" Wallace wondered.
"Looking at more than that right now. We're fine-tuning the numbers. Congressional Budget Office literally today, over the weekend. We'll cut more than that," Ryan explained.
"We will be exceeding the goals that were put out in the president's debt commission," he added.
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