James Pethokoukis

Politics and policy from inside Washington

How bad was Obama 2012 budget 1.0?

April 18, 2011

It was this bad. (Note that this Goldman Sachs chart also shows that Obama’s budget would have resulted in the pulling of the automatic tax hike/debt cut trigger suggested in his new budget speech/plan). The WH plan is OMB FY 2012 Budget:

gschart

adsfdasf

Comments

That graph is incorrect. Under the CBO baseline, debt held by the public will reach 67% of GDP by 2021. Under Ryan’s plan it reaches 70% of GDP by 2021. Check the CBO’s assessment of Ryan’s plan.

Posted by JamesGreenfield | Report as abusive
 

Post Your Comment

We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/
  •