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Download Audio as MP3 Following the release of the FY 2013 House GOP budget plan, Congressman Paul Ryan, chairman of the House Budget Committee, spoke at AEI on March 20 about some of the major policy proposals in the new plan and their implications for the American people.

In particular, he highlighted Medicare, arguing that based on current projections, the system must undergo drastic reform to survive beyond the coming decade without compromising America's future economic growth. He contended that the Obama administration's budget does not adequately address the future consequences of current health care legislation, particularly with regard to the Independent Program Advisory Board, and ultimately increases potential loopholes in the system. Congressman Ryan also voiced his concerns over the budget cuts facing the defense industry and, to that end, noted that his "Path to Prosperity" plan moves to ameliorate the nearly $55 billion in FY 2013 cuts to the defense budget mandated under sequestration. Congressman Ryan asserted that by focusing on limited government regulation, maximizing free enterprise and leaving personal choices to the individual, this House GOP budget puts America back on a path toward growth. He reiterated his belief that the coming budgetary crisis is as avoidable as it is recognizable and emphasized the responsibility of the president, Senate and Congress to act according to their legal and moral obligations in the best interests of the American people. Congressman Ryan concluded, "People came to America for an opportunity. That opportunity has been lost in some ways, but it is not too late to repair the fundamental principles and get back on the path to prosperity. Let's give Americans the future they deserve."