Paul Ryan’s Budget: The CBO Analysis
FlaglerLive | August 13, 2012
In March 2012, the non-partisan Congressional Budget Office produced a 17-page analysis of the budget Congressman Paul Ryan submitted. The analysis was based on revenue and spending figures provided by Paul Ryan and his staff. Ryan is chairman of the House budget committee. The figures project federal revenue increasing from 15.5 percent of GDP in 2011 to 19 percent of GDP in 2030 and 2050, despite a projected tax cut (that Ryan favors) that eliminate $4 trillion in revenue over the period. The full analysis is below.