I’m sure many people have already heard this, but just for those poor souls who rely on me for their financial news: You know the amazing budget deal cut last week, in which the Republicans wanted $60 billion in slashed spending but compromised on only $38 billion? Well, the CBO says it’s more like $352 million. Not that I think the CBO is a bunch of disinterested scientists, but I think their number is likely more accurate than what Boehner and Obama are saying.
And about that radical Ryan plan, which allegedly gets our country on the right direction and is something really refreshing and new in Washington: Do you know that even according to his own numbers–which put off all the really tough and unspecified budget cuts down the road, for future politicians to implement–the federal government doesn’t actually balance its budget until the year 2038?
Let me say that again: The crazy, radical, slashing Ryan budget plan–on its own projections–has the federal government spending more than it takes in, this year, next year, the next year…all the way to 2038, at which point we will finally have a balanced budget.
(BTW I have seen that figure touted in several places, but can’t find an official source. Any help?)