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Rep. Paul Ryan On Budget Cuts: "Is This Enough? No."

Rep. Paul Ryan on budget cuts: "I would go deeper for sure. I mean, I voted for deeper cuts on the House floor. That's not what prevailed. But this is a total of $10 billion in cuts. We haven't rescinded $10 billion ever I think. In 1995, I think we did $9 billion in cuts, so this is the deepest we have ever actually, actually, cut spending. But is it enough? No. We have a $1.6 trillion deficit. We have a $3.8 trillion annual budget. So let's put all of this in perspective. The good news is the culture is shifting in Washington because House Republicans took the majority, and we are now debating about how to cut spending, not how to increase spending."

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