Congressman Tom Price (R-GA) made a startling admission on CNN’s Starting Point on Wednesday morning, telling host Soledad O’Brien that Republicans are not concerned about how they cut spending — or the millions of people who suffer as a result — so long as they achieve a balanced budget.
O’BREIN: [The President] said he doesn’t want balance for the sake of balance, that actually the wrong kinds of cuts that would be hurtful to people would be a problem. What do make of what he told George Stephanopoulos?
REP. PRICE: We believe it’s important to balance not the how of ‘how you balance,’ but the ‘why’, why is it important to balance. well it’s important to get our budget in balance, so that means that Washington doesn’t spend more money than it takes in, just like families can’t, just like businesses across this country can’t.
The lack of concern over how Republicans are cutting some $5 trillion in spending is evident in the cuts they are planning to hand down to low-income families, young people, women and seniors, all of whom stand to lose significant protections under the Republicans’ balanced budget. Meanwhile, the Ryan budget likely maintains billions in tax savings for millionaires, Big Oil and financial conglomerates that will benefit from the proposed repeal of regulations imposed on Wall Street.
The comment provides a sharp contrast to President Obama’s competing vision for the federal budget. During an interview with Geroge Stephanopoulos, Obama argued that rushing to balance the budget during a recovery could undermine growth and significantly hurt the most vulnerable populations,” Obama said. “If we’ve controlled spending and we’ve got a smart entitlement package, then potentially what you have is balance. But it’s not balance on the backs of, you know, the poor, the elderly, students who need student loans, families who’ve got disabled kids. That’s not the right way to balance our budget.”