Setting the Record Straight: The Republican Budget Does Not Balance in 10 Years

MYTH:

The Republican budget balances in 10 years.

FACT:

Budget Committee Chairman Paul Ryan doesn’t balance his budget in 10 years.  In 2024, the year he claims to reach balance, he’s counting $74 billion of “macroeconomic fiscal impact,” aka “dynamic” scoring aka magic budgeting fairy dust.

Outlays in that year are still more than revenue, the definition of deficit.  Once again, the Republican budget is a huge gimmick.

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