Paul Ryan: Budget Could Be Balanced Within 10 Years with Higher Economic Growth
5:45 PM, Mar 22, 2012 • By JOHN MCCORMACK
The House Budget Committee has released a new paper showing that the budget written by Chairman Paul Ryan could reach balance sooner than projected by the Congressional Budget Office:
Last year, CBO similarly estimated Ryan's budget would reach balance in 2039. House Republicans knew that then and almost unanimously voted for the budget. But this time around, the Club for Growth says Ryan's inability to produce a budget that balances in 10 years, according to CBO, is reason to oppose the budget.
Correction: This item originally stated that the Club for Growth supported the Ryan budget in 2011. In fact, the Club for Growth was silent on the Ryan budget. Republican congressmen Justin Amash of Michigan and Tim Huelskamp of Kansas did support the Ryan budget in 2011 but have voted against it in committee this year.
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