The House GOP Budget Contentious Cuts

Detroit in Ruins: Fifty Years of Liberalism Has Destroyed the Motor City

It was once the capital of the world's auto industry, but Detroit now faces imminent bankruptcy, according to its Emergency Fiscal Manager. How did Detroit go from America's industrial crown to an industrial dumpster?

Paul Ryan says deep budget cuts likely unavoidable

The chairman of the House Budget Committee says Republicans will oppose tax increases and, as a result, deep, unpopular budget cuts will likely take effect.

Republican Rep. Paul Ryan of Wisconsin told NBC's "Meet the Press" on Sunday that automatic spending cuts are scheduled to take hold because, quote, "Democrats have opposed our efforts to replace those cuts with others."

Democrats have insisted taxes be part of the equation to dodge across-the-board spending cuts that are set to hit the Pentagon and many domestic programs. The spending cuts were set in motion in the hopes of spurring lawmakers to strike a large-scale deal to reduce the deficit.

Ryan was the 2012 vice presidential nominee. He says the country is heading toward a debt crisis if it doesn't confront its spending.