Tuesday, March 12, 2013

Ryan Budget Plan Is Same Old Trickery @RepPaulRyan @barackobama

http://www.realclearpolitics.com/2013/03/12/ryan_budget_plan_is_same_old_trickery_303755.html

In what is likely to be the latest installment in a tragic budgetary trilogy, House Budget Committee Chairman Paul Ryan on Tuesday will introduce a Republican budget proposal for fiscal year 2014 that purports to balance within ten years. While an improved economic outlook and new revenue from the fiscal cliff deal make the task of balancing the budget somewhat easier, this plan, much like Ryan's previous budgets, is expected to rely on spurious budget trickery to reach its goal.

In February, the Congressional Budget Office released an updated baseline projection for the next decade, taking into effect savings as a result of the fiscal cliff deal. That agreement allowed tax rates on the very highest incomes to revert to their Clinton-era levels and, in the process, reduced future deficits. Ryan voted for that deal and, as part of his strategy to close the deficit within a decade, is expected to include these revenues in his budget. 

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