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Ryan on Entitlement Reform

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Paul Ryan appeared on CBS this morning to talk about debt, entitlements, taxes and unelected bureaucrats.

CBS NEWS: Paul Ryan says U.S. facing debt crisis like other countries

Powerful House Budget Committee Chairman Paul Ryan on Tuesday said the United States is facing a debt crisis comparable to other countries and officials in Washington need to get in front of it before it spirals out of control.

"We have a debt crisis coming. It's hitting not just our country but countries around the world. We want to get ahead of it," Ryan said on CBS' "The Early Show."

The Wisconsin Republican did not mention any specific country, but European policymakers are struggling to stop the bleeding in Greece as they worry about Italy being the next country to face an imminent debt crisis.


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