GOP's Ryan: 'Obamacare' costs jobs

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The incoming chairman of the House Budget Committee says Republicans are committed to a policy of "cutting spending and growing jobs" as the new Congress convenes, although he concedes he's not certain where the spending curbs will come.

The incoming chairman of the House Budget Committee says Republicans are committed to a policy of "cutting spending and growing jobs" as the new Congress convenes, although he concedes he's not certain where the spending curbs will come.

Rep. Paul Ryan of Wisconsin tells NBC's "Today" show it's difficult to say exactly what programs will be hit because the process is only beginning.

The Republican does say that "we're going to be reducing all domestic discretionary spending. I cannot tell you by which amount or which programs."

Ryan also says Republicans are serious about trying to repeal the Obama administration's health care overhaul, and he denies the move amounts to political posturing.

Ryan says the program is a massive expansion of the government and must be rolled back.

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