Monday, March 26, 2012

Conservative disappointment with the Ryan plan

Veronique de Rugy is disappointed with Rep. Paul Ryan's budget plan because it doesn't do "nearly enough to reduce the size of government and make our lives and the lives of our children and grandchildren better."

Today she provides a nice illustration of categories of spending in the Ryan and Obama plans:

She's not happy that "(c)umulative spending over the next ten years under both the Ryan plan ($40 trillion) and the White House plan ($45 trillion) hardly differ from the Congressional Budget Office’s alternative baseline estimate of $47 trillion."

For my part, I think a 15 percent reduction in spending over the next 10 years is pretty impressive, especially when you consider that the bulk of the cuts don't happen for a couple of years and the trend line is pushed way down.  Here's a graph from Chris Edwards, who also has some comments on the differences between the two plans by category.