Quote:
Originally Posted by adios
Which is more credible, Simpson-Bowles, Paul Ryan, or Rand Paul on the budget? Obama's budgets are at best loltastic so far. Senate finally passed a budget recently didn't they after many years of continuing resolutions? If we're seeing fed govt revenues at 18.5% of GDP then obviously the right course is to increase economic growth and slow spending growth at the same time. Anyone that claims running substantial deficits (like 4%+ of a GDP) consistently over a number of years will have no effect on the social safety net is an idiot.
That's great and all, but we aren't going to grow at 4.7 percent a year so Ryan arguing this budget controls the deficit using that assumption is not accurate. I'm sure there's some stuff in there that I would agree with, but the budget doesn't control the deficit even taking things like "repealing ACA saves two trillion" at face value.
I think the Obama budget overestimated growth it wasn't as dramatic from what I remember. Something just north of 3.5 percent iirc.