Invictus here, folks. Filling in a bit for our traveling host with a side-by-side glimpse of our competing budget plans.
Paul Krugman has very recently written here and here about some improbable aspects of the Ryan budget proposal. In that vein, I thought it might be instructive to take a look at some of the similarities and differences of forecasts in Obama's forecasts versus those being offered by Ryan.
What I have done in each case is as follows: I downloaded the appropriate series from the St. Louis Fed (or in one case BEA.gov), always on an annual basis. In almost all cases I made what I believe is a reasonable assumption for 2011 to bridge me from known 2010 (and prior) historical data to 2012 and beyond forecasts. Those assumptions are noted. I then simply took forecast numbers from the Heritage Foundation's analysis of the two plans (the forecasts are in Appendix 3). Any input errors in creating the charts below are solely my fault, though I endeavored — under my noon deadline — to enter everything as accurately as possible. Please note any errors in comments.
(Click through any image for larger.)
First up, Real GDP. (FRED Series identifiers appear on most charts.)
rest at http://www.ritholtz.com/blog/2011/04/ryan-v-obama-some-chart-porn/
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