Chairman Paul Ryan’s budget supposedly cuts federal government spending by $5.1 trillion over the next ten years. However, this slash in spending is only observed when compared to the CBO baseline projections. In reality, Ryan’s budget would increase spending at an annual average rate of 3.5 percent, or from $3.54 trillion in 2014 to $5.0 trillion in 2024.
Chairman Paul Ryan’s budget supposedly cuts federal government spending by $5.1 trillion over the next ten years. However, this slash in spending is only observed when compared to the CBO baseline projections. In reality, Ryan’s budget would increase spending at an annual average rate of 3.5 percent, or from $3.54 trillion in 2014 to $5.0 trillion in 2024.