The unrealistic assumptions behind Paul Ryan's budget numbersQuicklink submitted by Amanda Lang Permalink
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|There's an important disclaimer in the very first paragraph of the Congressional Budget Office's analysis of Paul Ryan's budget plan. The calculations presented here represent CBO's assessment of how the specified paths would alter the trajectories of federal debt, revenues, spending, and economic output relative to the trajectories under two scenarios that CBO has analyzed previously. Those calculations do not represent a cost estimate for legislation or an analysis of the effects of any given policies. In particular, CBO has not considered whether the specified paths are consistent with the policy proposals or budget figures released today by Chairman Ryan as part of his proposed budget resolution. Translated out of CBO-ese, what that means is that CBO hasn't looked at whether Ryan's budget will achieve the results Ryan says it will...|
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