U.S. Representative Debbie Wasserman Schultz criticized Mitt Romney’s decision to make Paul Ryan his vice presidential running mate in a statement released Saturday.

“Mitt Romney named Congressman Paul Ryan as his pick for Vice President,” she said. “Congressman Ryan has been called a serious person, but he, like Mitt Romney has seriously flawed ideas for our economy that have only failed us in the past.”

Wasserman Schultz, the Democratic National Committee Chair, denounced Ryan for laying “the groundwork in Congress for Mitt Romney’s budget-busting scheme” which she said gives an additional $250,000 tax cut for millionaires and “punishes” middle-class families with up to $2,000 in tax hikes a year.

“This tried and failed trickle-down economics scheme is familiar and troubling,” she said.

According to Wasserman Schultz, a Republican Party win would bring cuts to education, job creating initiatives and Medicare.

“The American middle-class and our seniors cannot afford to go back to the failed policies of the past, and it is unconscionable to ask them to foot the bill for the Romney-Ryan scheme,” she said. “A Romney-Ryan ticket is sure to take us back and repeat the same catastrophic mistakes that got us into the mess we found ourselves in the first place.”