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 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.