Paul Ryan: We’ve got 2 or 3 years to avert a debt crisis or we’ll go through a very long dark period of decline

Paul Ryan is optimistic we can fix our problems, that there is still time. But he says that window of opportunity is closing quickly:

Let’s reform these programs so that they are actual commitments that can be made and let’s do it now while we can get it under our control, do it on our own terms in a gradual way.

Because if we wait and kick the can down the road like the president is proposing we do, then everybody gets hurt. It’s indiscriminate, across the board, it’s immediate, sudden and urgent. And our economy will suffer as a consequence of it and we will go through a very long dark period of decline.

Hannity ask if he thinks there’s a way out of it now. Paul responds:

I really do, but I believe that window is closing fairly quickly. Two or three years is the best guess we get from the so-called experts on being able to preempt the debt crisis and do it on our terms so that we can steer this thing.



Here’s the full audio:

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