No Path to Prosperity: Ryan's Incredulous Budget-Balancing Proposal, Preposterous Unemployment Estimate
Mish
GlobalEconomicAnalysis.blogspot.com
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Many Republicans have embraced Paul Ryan's proposal to balance the budget. I can't embrace his plan because it will do no such thing. I questioned the idea in Government Shutdown Battle to Be Followed by Bigger Fight; GOP wants $4 Trillion in Cuts Over Next Decade; Is that Enough? The proposal is now up to $6 trillion in cuts. However, $6 trillion over a decade is still not enough. Congressional Budget Office Reply to Paul Ryan's Proposal Inquiring minds may wish to consider the Congressional Budget Office reply to to Paul Ryan's Proposal.
Long-Term Analysis of a Budget Proposal by Chairman Ryan CBO has conducted a long-term analysis of the major provisions of the proposal as described by the Chairman’s staff. The specifications may differ in some ways from the plan released today by Chairman Ryan in The Path to Prosperity: Restoring America’s Promise. The proposal specifies a path for all other spending (excluding interest) that would cause such spending to decline sharply as a share of GDP—from 12 percent in 2010 to 6 percent in 2022 and 3½ percent by 2050; the proposal does not specify the changes to government programs that might be made in order to produce that path. Total spending under the proposal would be about 21 percent of GDP in 2030 and Data and Statistics for these countries : Afghanistan | Iraq | AllGold and Silver Prices for these countries : Afghanistan | Iraq | All Previous article Rate : Average note :0 (0 vote) Next article Mish 13 abonnés All his articles Mike Shedlock / Mish is a registered investment advisor representative for SitkaPacific Capital Management. He writes a global economics blog which has commentary 5-7 times a week. He also writes for the Daily Reckoning, Whiskey & Gunpowder, and has over 80 magazine and book cover credits. Visit http://www.sitkapacific.com His latest articles The Odd Couple, US Treasuries and Gold, Good Time to Buy Bot 21/04/2021 Search for Life on Mars Continues With a Tiny 4 Pound Robot 20/04/2021 WebsiteSubscribe to his services Similar articles you might enjoy : Gold’s Remarkable Breakout 19/04/2024 Batshit Crazy America 19/04/2024 Comments closed All Favorites Best Rated Latest comment posted for this article Be the first to comment Add your comment Dernier commentaire publié pour cet article chers Vladi,il est lor, oui, effectivement, et alors ? un fonctionnaire crée de la richesse ? creuser des trous crée de la richesse ? si nous arrêtions, pour voir, de payer nos impôts, vos 55, fonctionnaires compris, font quoi fin du mois ? merci d'expl Lire la suite ferzi - 20/04/2013 à 20:03 GMT Note : 1 3 Top articles MOST READ How Time Flies - Tactics and Strategies - Jesse - Le Cafe Américain Grifters in an Ocean of Lies - Stock Option Expiration on Friday - Jesse - Le Cafe Américain Currency War, What Is It Good For? - Crimea River - Jesse - Le Cafe Américain Batshit Crazy America - James Howard Kunstler Most commented articles More... 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