Skip to comments.Paul Ryan Working on a Budget That Balances in 10 Years
Posted on 01/23/2013 8:35:24 AM PST by SeekAndFind
House Budget Chairman Paul Ryan is working on a budget that a spokesman says will balance in 10 years, according to a spokesman.
Chairman Ryan looks forward to working with his colleagues to draft a responsible budget by the April 15 deadline. He hopes last weeks agreement helps spur action by his Senate counterparts to do the same, Budget Committee spokesman Will Allison said. With the right reforms put in place, Chairman Ryans goal is to advance a budget that balances within a decade.
(Excerpt) Read more at abcnews.go.com ...
I could balance the budget in one year - but there would be a whole bunch of really pissed off EBT’ers, EITC’ers, Section 8’ers, et al....
Another phony budget based on unrealistic projections.
Congress cannot commit to a ten year plan. No future Congress is bound by it. Anything slated for more than one year needs to front load most of the cuts into the first year.
Fix the unemployment problem and tax revenues will soar, outlays will fall and the budget will be a lot easier to balance.
Or do what you did last year. Try to arbitrarily cut entitlements without first addressing the underlying economic problems and watch the democrats win elections.
Where the hell was he two years ago?? He could balance it in 40 years then and two or three trillion in spending later he can balance it in ten years??
Two years ago, at their strongest point, they were scared. Now at their weakest point, their bold.
Should have listened to Bachmann then, but she was a conservative and had to be marginalized!
Balance the budget in 1 year and begin a flat tax of 13%
Watch the economy take off.
What cuts are goig to be made during THIS session of Congress.
Enough with the smoke already, it's coming out my ears for a number of reasons.
Ten year plan means nothing, the next congress is not bound by this “plan”.
Just balance the budget this year, its easy CUT!!!! spending.
When Obama was racking up $1.6T in annual deficit spending, Ryan put forth a "bold" plan to cut $50B a year over 10 years. It was a joke, but I think many people didn't see it for what it was. They said it was "draconian". HA!
Bottomline: Have a plan for next year. Don't give me any of this "10 year Plan" crap. You have no control over that, and you know you have no control over it. When a congressman talks about "10 years" I know that they are trying to snow me.
Agreed! But don’t just “balance” the budget cut spending enough that the national debt can start being paid down!!
Ron Paul had a budget on his election web site that would fix the deficit in about five years.
In other words, keep running budget deficits for another decade or more. Pffffftttt!!!
I say we take the extra money we need to pay down the debt from the Union Pension funds....ha ha....
The simplest way to get a balanced budget that will turn into a surplus in later years is to start at a less insane spending level (say, FY 2008) and increase the total budget by 2% per year. Even at anemic growth, the economy will outpace that in the long run; eventually the budget balances and moves into surplus.
Has as much of a chance passing as I do *&^ing Pamela Anderson.
The National Debt CAN NEVER BE PAID DOWN, All money in the US is “created” out of debt, first at the Federal Level, and second at the Commercial Bank Level where that debt is used as the basis to “create” roughly $9 to be lent out for each $1 of DEBT actually held. Were we to actually “Balance” the Budget we would instantly be in a Depression, should we attempt to pay down any Federal Debt, severe Depression is Guaranteed, All of this is by Design by the Moneychangers and their Puppets in Congress. The single greatest reason Obama is racking up Record Deficits is because the People are Shedding Debt enmasse, our Monetary System “REQUIRES” an ever expanding DEBT, if the People Don’t Borrow, Government MUST make up the Difference. Unless of course You think we are ready to back to 19 cent loaves of bread and $25,000 Brand New homes, $2500 New Cars,...Like it was Before Nixon Officially recognized the Bankruptcy of the US in 1971.
In 10 years the deficit would be 75 trillion if that were possible to maintain.
We need to replace this weakness. But I don’t think we have time.
Puppet Ryan, you will lose congress in two years, and this will be as meaningless as anything else you are you ilk have ever done, which as a matter of fact is utterly nothing.
If this is the best you can do, then don’t even bother.
RE: this will be as meaningless as anything else you are you ilk have ever done, which as a matter of fact is utterly nothing.
I gather you are against his PATH TO PROSPERITY plan... If so, can you tell us why you’re against it?
Pass the fried chicken and gravy.
Hey Paul if you need more revenue withhold payroll taxes from all welfare programs.
Because it’s meaningless, just like I said in the post that you quoted.
The only path this country is on is to ruin.
I’m sure the budget will be no cuts the first year and steep cuts for the additional 9 years for which they don’t have the authority to bound future congresses to. I hope I am wrong, and I like Paul Ryan, but I am sick of the shell game.
I’ve said it a million times, “I could balance the budget in one hour without a tax increase. And I’d enjoy every minute of it.”
Lost me at “...will balance in 10 years”. What a crock.
Even if the entire Fed-Guv were to shut down tomorrow, there would not be enough money to pay the d@88 entitlements. That is the dirty little secret.
The best avenue of mitigation is to lower corporate and personal tax rates to fire sale levels to attract money from around the world before the big collapse.
I read the replies on this thread and have to shake my head in sadness. 99% of Freepers have zero support for Paul Ryan’s attempt at coming up with a sensible 10 year plan, when he was being vilified for his “Path to Prosperity” which was a slower return to a balanced budget.
In other Freep threads, I’ve seen Freepers respond “don’t you dare touch MY Medicare!” or “MY Social Security!”
How do we expect this country to turn-around when even the people on “our side” can’t get behind a rational and needed budget and plan to turn this mess around? Very depressing and very discouraging.
The average American hasnt a CLUE how much of our tax money Obama has sent down Muslim sh*t holes while he plans to slash the military, CUTS MEDICARE and threatens to withhold seniors social security checks!
BILLIONS FOR JIHAD! Obamas 2009 Supplemental Appropriations for Iraq, Afghanistan, Pakistan, and Pandemic Flu was revised and passed by the full committee. It gives billions of U.S. taxpayer dollars to countries and entities that support Sharia law and/or harbor, hide and support those who want to destroy the U.S. and our allies. http://creepingsharia.wordpress.com/2009/05/1...
Read the summary from David Obeys office that was quietly released last week with nary a word from any media.
$3.6 BILLION, matching the request, to expand and improve capabilities of the Afghan security forces
$400 MILLION, as requested, to build the counterinsurgency capabilities of the Pakistani security forces
AFGHANISTAN: $1.52 BILLION, $86 MILLION above the request WEST BANK AND GAZA: $665 MILLION in bilateral economic, humanitarian, and security assistance for the West Bank and Gaza
JORDAN: $250 million,$250 million above the request, including $100 million for economic and $150 million for security assistance
EGYPT: $360 MILLION, $310 million above the request, including $50 million for economic assistance,$50 million for border security, and $260 million for security assistance
PAKISTAN:$1.9 billion,$591 million above the request
IRAQ:$968 MILLION,$336 million above the request
Oversight: $20 million,$13 million above the request, to expand oversight capacity of the State Department, USAID, and the Special Inspector General for Afghanistan to review programs in Afghanistan, Pakistan and Iraq
International Food Assistance:$500 MILLION,$200 million above the request, for PL 480 international food assistance to alleviate suffering during the global economic crisis
REFUGEE ASSISTANCE:$343 MILLION,$50 million above the request, including humanitarian assistance for Gaza.
Funding for the UN Relief and Works Agency programs in the West Bank and Gaza is limited to $119 million (Note: Gaza = Hamas)
Disaster Assistance: $200 MILLION to avert famines and provide life-saving assistance during natural disasters and for internally displaced people around the world, including Somalia, Zimbabwe, Ethiopia, the Middle East and South Asia
Peacekeeping:$837 MILLION FOR UNITED NATIONS peacekeeping operations, including an expanded mission in the Democratic Republic of the Congo and a new mission in Chad and the Central African Republic
Department of Justice: $17 million, matching the request, for counter-terrorism activities and to provide training and assistance for the Iraqi criminal justice system
OBAMA GIVES YOUR TAX DOLLARS TO REBUILD MUSLIM MOSQUES AROUND THE WORLD! http://canadafreepress.com/index.php/article/... #
ACCORDING TO THE ASSOCIATED PRESS, THE OBAMA ADMINISTRATION WILL GIVE AWAY NEARLY $6 MILLION OF AMERICAN TAX DOLLARS TO RESTORE 63 HISTORIC AND CULTURAL SITES, INCLUDING ISLAMIC MOSQUES AND MINARETS, IN 55 NATIONS. See the State Department document here. http://exchanges.state.gov/media/pdfs/office-...
And THATS just the tip of the iceberg.
THIS will blow your mind!! http://gbk.eads.usaidallnet.gov/ They should have 2010 up, but they dont. Thats where youll find Obamas largesse towards Muslim countries really go off the charts.
http://www.foreignassistance.gov/DataView.aspx charts: http://gbk.eads.usaidallnet.gov/data/fast-facts.html .
Obama Increased Foreign Aid 80%; Spent 76% More on Foreign Aid Than Border Security cnsnews
CNSNews.com) - From fiscal 2008 to fiscal 2011, according to the U.S. Treasury, the federal government increased spending on foreign aid by 80 percent and, in fiscal 2011, spent 76 percent more on foreign aid than it did securing the borders of the United States.
In fiscal 2008, the government spent a total of $11.427 billion in international assistance programs, according to the Monthly Treasury Statement. In fiscal 2011, according to the statement, it spent $20.599 billionan increase of $9.172 billion, or 80 percent, from 2008.
Like others have posted, if it isn’t in A1S8, it get the axe. Balancing would be a breeze and 1 yr.
It is relatively painless to cut $1 TRILLION out of the budget. Energy, Labor, Education & HHS - all gone. No foreign aid to anybody; no block grants; severe cutbacks in TSA, EPA and OSHA. Retire half the generals and admirals in the Pentagon. Reduce Congressional staffs and pay.
“Paul Ryan Working on a Budget That Balances in 10 Years”
Not something you would want on your resume if you were applying for the position of CFO or financial planner with a Fortune 500 company or to operate a lemonade stand for that matter.
100% complete fraud. Based on estimates that will NOT hold over the next 10 years. I'd be willing to be an ounce of silver that the United States will have breakaway states in the next 10 years. I'd be willing to bet the Federal Reserve interest rate will exceed 10% in 10 years.
NOTHING he is working with now has the ability to be projected out 10 years.
It is all nonsense, smoke and mirrors.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.