–Vice Presidential Nominee Ryan Assails Obama’s Economic Policies
–GOP Welcomes Wide-Ranging Debate On Medicare
–Romney Administration Would Limit Fed Spending To 20% of GDP

By John Shaw

WASHINGTON (MNI) – Congressman Paul Ryan, the Republican vice
presidential nominee, slammed President Obama economic and fiscal
policies Wednesday night, blaming the president for the nation’s
sluggish economic growth and rising debt.

In a speech before the Republican National Convention in Tampa,
Ryan appeared to eagerly embrace the traditional role of the vice
presidential candidate as partisan attack dog.

He blasted Obama’s economic stimulus plan, health care law, energy
policies, housing programs, budgets and foreign policy.

Ryan said a Romney-Ryan administration would confront the nation’s
economic troubles directly.

“We are going to solve this nation’s economic problems,” he said,
adding, “We don’t have that much time.”

“We will not duck the issues. We’ll lead,” Ryan said.

Ryan touted his own life in Janesville, Wisconsin, and praised Mitt
Romney’s business acumen, personal character, organizational skills and
leadership of Massachusetts.

But the bulk of his speech was devoted to assailing Obama, blaming
the president for the $5 trillion in debt that has been accrued since

He said Obama has “dodged and demagogued” fiscal issues, adding
that Republicans are eager for a direct debate with the president on how
to save the Medicare program.

“Our nation needs this debate. We want this debate. We will win
this debate,” Ryan said.

“The greatest threat to Medicare is Obamacare and we’re going to
stop it,” he said.

Ryan said a Romney-Ryan administration would reduce the size and
scope of the federal government, limiting federal spending to 20% of
gross domestic product.

“We need to stop spending money we don’t have,” he said.

Ryan scorched Obama for not embracing the Simpson-Bowles deficit
reduction plan. He did not mention that he served on the Simpson-Bowles
commission and voted against the final package that would have cut
budget deficits by more than $4 trillion over a decade.

Romney will give his formal acceptance speech on Thursday.

President Obama will accept the Democratic nomination next week in
Charlotte, North Carolina.

** MNI Washington Bureau: (202) 371-2121 **

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