The claim: The president did "nothing" on debt
What Ryan said:
"He created a new bipartisan debt commission. They came back with an urgent report. He thanks them, sent them on their way, and then did exactly nothing."
Mr. Obama did, in fact, create a bipartisan debt commission -- and Ryan was one of the 18 people on the committee.
House and Senate leaders promised to hold votes on the committee's recommendations for budget savings if 14 of the commission's members agreed to the plan. Only 11 members, however, voted in favor of the plan. Ryan was one of the seven who voted against the final report, which would have theoretically cut $4 trillion from the federal budget over a decade.
Some staunch conservatives like Sen. Tom Coburn, R-Okla., supported the plan, but Ryan told reporters he couldn't back it because it made the problems surrounding health care spending "dramatically worse."
"Obviously, I'm not going to vote for it," he said, arguing that the plan "not only didn't address the elephant in the room, health care, it made it fatter."
While Mr. Obama didn't get the commission report passed, it's not true he did "nothing" to address the debt. Like the Republicans, the president has a plan for deficit reduction.