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Revealed: How Paul Ryan Reduces Deficits by $4.6 Trillion and Balances the Budget

Resist, We Much!!! Wrote: Mar 12, 2013 1:12 PM
Sure, we don't have to worry about downgrades. Who cares if it drives interest rates up? Who cares if, by 2020, the US will require 19% of the world's GDP to finance our government and debt? Of course they will! Don't those lesser peoples recognise the honour that it will be to invest with us instead of themselves???? "Financing U.S. Debt: Is There Enough Money in the World—and At What Cost?" By John Kitchen of the U.S. Treasury and Menzie Chinn of the University of Wisconsin http://www.ssc.wisc.edu/%7Emchinn/Kitchen_Chinn_apr11.pdf%20

Later this morning, House Budget Committee Chairman Rep. Paul Ryan will formally reveal his party's fiscal blueprint for FY 2014.  The new "Path to Prosperity" will achieve balance by 2023, with annual deficits dipping below $100 billion seven times over the next decade.  It does not raise taxes.  It offers specific reforms to reduce and control unsustainable healthcare spending while saving important safety net programs from insolvency.  And it reduces deficits by $4.6 trillion over the next ten years (compared to the current trajectory) without relying on misleading gimmicks.  Based on Ryan's appearance on Fox News Sunday...