Senate Conservatives Introduce Plan to Balance Budget in 9 Years, Say They'd Vote for Ryan Plan, Too
3:37 PM, May 10, 2011 • By JOHN MCCORMACK
All 47 GOP senators have cosponsored an amendment that requires the budget to be balanced within 5 years of ratification. Depending on how long ratification would take, they'd probably need to balance the budget some time in the next 10 years. Toomey's plan achieves balance in 9 years, according to an analysis by the Heritage Foundation (the Congressional Budget Office has not scored Toomey's proposal, a Toomey spokesman tells me). As Jim DeMint said today, the Toomey plan is meant to show that they have a credible plan to meet the requirements of the balanced budget amendment.
Does Senator Collins support Toomey's plan to balance the budget much more quickly than Ryan's plan? A spokesman for the Maine senator has not yet replied to a request for comment.