With just over a year until Election Day 2012, a nasty rivalry that’s only amplified by a bitterly divided and polarized Congress is set to explode and the fireworks won’t stop until the voters have had their say. 

As President Obama travels across the country to campaign for reelection telling his donors “ we can’t wait,” the president has dogged Congress as obstructionists to the change he had hoped to deliver with his 2008 landslide election.

Republicans, on the other hand, say the president and Democratic Party “don’t have much of a record to run on” and assert that Democrats have been “unwilling to govern,” citing 900 days without a budget in the Senate as an example of inaction. 

This morning at 10:00 a.m., House Budget Chairman Paul Ryan will deliver remarks at the conservative think-tank, the Heritage Foundation, where according to excerpts of his speech, Ryan will “challenge the politics of division, pitting Americans against each other, preying on the emotions of fear and envy.”

 ”Many Americans share my disappointment – especially those who were filled with great hope a few years ago, when then-Senator Obama announced his candidacy in Springfield, Illinois,” Ryan will say. “Instead of working together where we agree, the president has opted for divisive rhetoric and the broken politics of the past. He is going from town to town, impugning the motives of Republicans, setting up straw men and scapegoats, and engaging in intellectually lazy arguments, as he tries to build support for punitive tax hikes on job creators.”

Ryan, who has repeatedly ruled out running for president of the United States in 2012, says that three years into the Obama presidency, “the politics of division are making a big comeback.” 

“Instead of appealing to the hope and optimism that were hallmarks of his first campaign, [President Obama] has launched his second campaign by preying on the emotions of fear, envy, and resentment. This has the potential to be just as damaging as his misguided policies,” Ryan, R-Wisconsin, will say. “Sowing social unrest and class resentment makes America weaker, not stronger. Pitting one group against another only distracts us from the true sources of inequity in this country – corporate welfare that enriches the powerful, and empty promises that betray the powerless.”

Ryan says that the true class warfare that threatens us is “a class of bureaucrats and connected crony capitalists trying to rise above the rest of us, call the shots, rig the rules, and preserve their place atop society.”

“Ironically, equality of outcome is a form of inequality – one that is based on political influence and bureaucratic favoritism,” he’ll say. “Their gains will come at the expense of working Americans, entrepreneurs, and that small businesswoman who has the gall to take on the corporate chieftain.”

Ryan will also question how President Obama and Democrats can support raising taxes on individuals with an income greater than $1 million per year when Republicans proposals “to modestly income-adjust Social Security and Medicare benefits have been met with sheer demagoguery by leading members of the president’s party.”

“The President likes to use Warren Buffett and his secretary as an example of why we should raise taxes on the rich.  Well, Warren Buffett gets the same health and retirement benefits from the government as his secretary,” Ryan will say.  ”The politics of division have always struck me as odd: the eagerness to take more, combined with the refusal to subsidize less.”

Ryan’s speech follows one he delivered last month at the Hoover Institution at Stanford University in which he criticized the president for a failed approach to health and retirement security and he offered his own vision for patient-centered reforms.