By Jeff Cox, CNBC.com Senior Writer NEW YORK ( CNBC) --A Republican-crafted budget proposal is as much a political document as it is a fiscal plan to guide the country out of its debt-and-deficit morass, the head of the House Budget Committee told CNBC Tuesday. After three years of unsuccessful congressional wrangling to get a budget passed, Rep. Paul Ryan acknowledged that this proposal has little chance of adoption. But he said it makes an important statement about the differing directions in which the opposing parties would take the country. "We think we owe the country an alternative path, a choice for the future," Ryan said in a live interview. "What we're saying to the country is, "Here's our plan for economic growth, for prosperity, for debt reduction, for fiscal consolidation to prevent a debt crisis, and we think we owe the country this choice so they can decide in November which path they want to take."
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Ryan cast the Republican plan as the only one that will tame the swelling ratio of debt to gross domestic product European nations are in crisis mode after several -- most prominently Greece -- have reached debt-to-GDP that has approached or exceeded 100 percent, and many in Washington worry that the U.S. is on a similar path. "It's not enough for us to complain about that," Ryan said. "We're showing the country how we would do things differently so they can choose this year a very clear, sharp contrast and the path to two futures." --Written by Jeff Cox at CNBC