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...
In response to:
""Instead of spending $46 trillion over the next 10 years, we'll spend $41 trillion. That's means we'll grow spending on average 3.4 percent a year instead of growing it an average 4.9 percent a year," Sorry that makes absolutely no sense. You are going to continue spending more money each year, and that money you are borrowing. There are no real cuts involved, so to claim this balances the budget anytime is a flat out lie. It does nothing of the sort. It continues to push us in more debt.....lesser debt for sure, but still more debt. More BS from "Mr. unfiscal."
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