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A Tale of Two Budget Plans A Tale of Two Budget Plans

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BUDGET

A Tale of Two Budget Plans

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U.S. Rep. Paul Ryan (R-WI), chairman of the House Budget Committee, speaks during a news conference April 5, 2011 on Capitol Hill in Washington, DC. House Republicans have unveiled their version of the budget proposal for FY 2012.(Chet Susslin)

Below is a comparison of key numbers in President Obama’s fiscal 2013 budget request and the House-passed fiscal 2012 budget authored by Budget Committee Chairman Paul Ryan, R-Wis., last April, the latest broad fiscal blueprint produced by the GOP.

Because Ryan’s plan was released before the Budget Control Act was passed, it does not account for the caps and sequesters the August debt deal set. It’s also important to note that some of the economic projections to reach the figures in his plan have changed, given the worse-than-expected economy last year, so Ryan’s revenue and debt projections could be slightly different if analyzed now.

 

Furthermore, some of Ryan’s stricter, more-ambitious measures would kick in after 2022; over the long term, the plans would differ more dramatically than they do here.

 

Infographic

 

 

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