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Daily Archives: July 7, 2011

Ryan’s Budget Increases Debt

Before we Fiscally Conservative Tea Partier types get too much behind Paul Ryan and his budget, we might want to remind ourselves that it INCREASES the Federal debt by about $5.5 Trillion over the next 10 years.  Only reason it’s the least bit desirable is that Obama’s budget increases the debt by $9.5 Trillion over the next 10 years.

I believe the graph below understates the problem, but you get the picture.

h/t Larry Kudlow

h/t Robert Kudlow

The only thing that Fiscal Conservatives can settle for is a Balanced Budget Amendment that includes requirements to pay of the existing debt.

Nothing more.  Nothing less.

 
 

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