After last week's fiasco in which Republicans released an
alternative budget blueprint without any numbers, Rep. Ryan today
provided a glimpse of how the GOP alternative, to be released in
full tomorrow, would stack up against the Obama budget. The chart
below looks at the long-term debt as a percentage of GDP from now
until 2080. President Obama's budget itself extends through 2019,
and the rest of the sharp red line that sails off the chart is
based on CBO projections. Looking at the chart, it seems that
debt would still grow under the GOP plan over the next decade,
but would hover in the low 60s as a percent of GDP, as opposed to
the Obama plan, which would bring it to 82.4 percent by 2019,
according to the CBO. Ryan didn't offer more details in remarks
today (see video below), but he promised, "a budget that is lower
on spending, that is lower on deficits, that is lower on taxes,
that is lower on debt and higher on jobs."
This is funny. They take an unscored budget, hype it up beyond
the endpoint, and try to make a point. They only way you can
achieve this kind of budget is to cut Social Security and
Medicare/Medicaid. The Republicans are making a strategic error
here because once people understand what went into this number,
it will make them look like idiots.
They should have taken a "range" approach and outlined why the
numbers turned out this way. Once CBO scores this, the number
will rise dramatically and Ryan and others will look like fools.
Isn't there anyone capable in the Republican party who
understands strategy?
Alan Brooks| 3.31.09 @ 8:38PM
the greatest national threat is the troll (or trolls) at AS who
spams in others' names.
find and have him drawn and quartered. better yet:
boil him in oil.
Bob| 3.31.09 @ 8:02PM
This is funny. They take an unscored budget, hype it up beyond the endpoint, and try to make a point. They only way you can achieve this kind of budget is to cut Social Security and Medicare/Medicaid. The Republicans are making a strategic error here because once people understand what went into this number, it will make them look like idiots.
They should have taken a "range" approach and outlined why the numbers turned out this way. Once CBO scores this, the number will rise dramatically and Ryan and others will look like fools. Isn't there anyone capable in the Republican party who understands strategy?
Alan Brooks| 3.31.09 @ 8:38PM
the greatest national threat is the troll (or trolls) at AS who spams in others' names.
find and have him drawn and quartered. better yet:
boil him in oil.