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Paul Ryan’s Budget – the numbers don’t add up

March 14, 2013

Matt Miller from the Washington Post writes that Paul Ryan is no Ronald Reagan:

Did I mention that Ronald Reagan ran the federal government at 22 percent of GDP when the country’s population was much younger, and health care consumed about 11 percent of GDP?

Now Paul Ryan says we can run the federal government at 19 percent of GDP as the massive baby-boom generation retires and when health costs (largely for seniors) have already soared to 18 percent of GDP.

Sorry, but Ryan is either deeply confused or doing his best to snooker us.

Yes indeed. The numbers don’t add up. So what is his real aim?

From → Economics, Politics

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