ThinkProgress Live Blogs the RNC (Ryan's speech compared with facts)
ThinkProgress Live Blogs the RNC
by ThinkProgress
http://thinkprogress.org/politics/2012/08/29/770001/rnc-wednesday/
"SNIP.....................................
10:50: Ryan reiterates Romney’s goal of capping spending to 20 percent of GDP by 2016 — while growing defense spending and cutting taxes. That would require drastic cuts in programs “such as veterans’ disability compensation, Supplemental Security Income (SSI) for poor elderly and disabled individuals, SNAP (formerly food stamps), and child nutrition programs would move millions of households below the poverty line or drive them deeper into poverty.”
10:45: Ryan compares the U.S. debt situation to Europe’s. Across the Atlantic, the austerity policies Ryan favors have pushed nations into second recessions, made the debt situation even worse, and caused unemployment to skyrocket.
10:44: Obama hasn’t amassed more debt than all past presidents combined, as Ryan claimed. The New York Times beaks down the math: “The national debt stood at $10.626 trillion on the day that President Obama took office. It now stands slightly above $15 trillion.”
10:42: Ryan just brought up a “downgraded America.” It was his party that held the debt ceiling hostage, causing America’s creditors to lose faith and downgrade the country. In fact, the ratings agency repeatedly blamed Republicans for refusing to raise taxes.
.....................................SNIP"
