“Under the right kind of economic growth scenarios--under what I think are more realistic scorekeeping--it is done,” Ryan said at a press conference on Tuesday in unveiling his budget, The Path to Prosperity, for fiscal year 2013. “If you put this budget through what we think are more reasonable projections of the economy, then that is accomplished.”
In other words, if the economy grows faster than current government estimates predict, Ryan’s budget could balance within 10 years, well before the 2040 date it is currently projected to balance in.
3 comments:
I am really disappointed that the Obama admin. had the chance in 08/09 with the support of both houses to really do something historical...balance the budget. He could have gone into the history books as the one who did what no other President could do and do what was right for his country...so disappointing. Signed...a voter who won't make the same mistake twice.
Ummm. Clinton balanced the budget in the 1990's. Or more accurately, Clinton was in office when the economy was booming, making it feasible to balance the budget without making any really tough choices.
Just sayin'
11:38
The budget was balanced during Clinton because there where majority Republicans in the House and the Senate.
They forced welfare reform on Clinton who vetoes it twice, then when the congress passes a veto proof bill, Clinton took credit for it.
It took millions off the dole and created millions of new tax payers.
Read your history
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