Ryan Admitted Plan Added $8 Trillion to Debt


GOP Budget isn’t a “Serious Answer” to the Deficit Problem Broadway Carl
Broadway Carl’s Blog-O-Mania!
Tuesday, May 10, 2011

According to an initial analysis by the nonpartisan Congressional Budget Office (CBO), they found that by the end of the 10 year budget window, public debt would actually be higher. CBO projected under current law the debt would balloon to 67 percent of GDP by 2022; “under Ryan’s plan, the CBO expects it to rise to 70 percent.” Ryan had to reassure conservatives “disappointed that his plan still adds $8 trillion in debt while failing to balance the budget for at least two decades.” [Congressional Budget Office, 4/5/11; The Atlantic, 4/6/11; The Hill, 4/5/11]

http://www.broadwaycarl.com/2011/05/is-this-joke.html

Copyright 2011 Broadway Carl’s Blog-O-Mania!

EDITORIAL: GOP Budget isn’t a “Serious Answer” to the Deficit Problem. “The deficit is a serious problem, but the Ryan plan is not a serious answer.” [New York Times Editorial, 4/6/11]

House Republicans Voted to End Medicare.  The Wall Street Journal wrote, “The plan would essentially end Medicare, which now pays most of the health-care bills for 48 million elderly and disabled Americans, as a program that directly pays those bills.” [H Con. Res. 34, Vote #277, 4/15/11; Wall Street Journal, 4/4/11]

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