That's right...I dare to call it a "kerfluffle."
I've written previously that the public supports the general concepts of cutting spending and balancing the budget...then gets very queasy when a legislator fills in the specifics.
Reason.com brings
some cold, hard facts to the debate occuring today over Representative Paul Ryan's proposed spending plan:
Ryan's budget brings spending down to around 20 percent of Gross Domestic Product. President Obama's plan spends around 23 percent of GDP.
The federal government, on average, brings in revenues of around 18 percent of GDP.
That's right. Both plans STILL spend more than the government collects in revenues.
So Reason attempts to concoct a "
19 percent solution" under the premise that there will be a slight uptick in revenues during good economic times.
The reality is that any budget debate will revolve around political messaging, rather than reality.
Update: Dan Mitchell
reminds me that the government is not "cutting" spending...it's slowing the rate of growth. I need to be more accurate in my posting, because the rhetoric is so out-of-skew with reality.