Charlie Rose Talks to Paul Ryan

You just attended the President's speech on reducing the debt. Was it what you expected?
No, quite honestly, Charlie, it was pretty much the opposite of what I expected. I had thought that with his invitation [to attend the speech] … he was going to extend an olive branch so he could get on the path to bipartisan solutions. And we got anything but that. We got dramatic distortions of our budget proposal. In the beginning of the week when he sent his campaign manager out to mention he was going to do this speech rather than his Budget Director or his Treasury Secretary, a little red flag went up in my mind. But then when I got to the speech, and we heard this, it was extremely political, very partisan.

And he is now proposing—after just creating a fiscal commission, which he disavowed and didn't include in his budget—to create another commission to come up with ideas on how to fix the budget. He punted in his budget. Now he says let's have another commission, and, oh, by the way, let's have this commission produce less deficit reduction, less savings than the prior commission produced. So I guess what we're going to have to do is do this without the President. We're going to have to talk to our colleagues here in the House and the Senate … because we're not getting any leadership from the President.