March 13, 2013

Ryan Budget Grows Spending at a Slower Rate, But Still Grows Spending

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On March 12, 2013, House Budget Committee Chair Paul Ryan released his budget resolution for fiscal year 2014. Mercatus Center senior research fellow Veronique de Rugy outlines the shortcomings of the Ryan Plan here. These charts examine how, under the plan's assumptions (some realistic and some not so realistic), the Ryan Budget measures up to the Congressional Budget Office’s most recent budget outlook for FY 2013 to FY 2023. The charts compare federal outlays, deficits, and debt figures in nominal dollars, and as a share of gross domestic product.