The Path to Prosperity (Episode 1): America's two futures, visualized

This 3-minute video is a visualization of the House Republicans' budget, "The Path to Prosperity," presented by Rep. Paul Ryan, chairman of the House Budget Committee.

For more information on our plan to avert the US's nearing debt crisis and chart a path of growth and prosperity, visit http://budget.house.gov

http://budget.house.gov/fy2012budget/

http://online.wsj.com/article/SB10001...

• Category

  News & Politics

[JoshBoschke]

And Obama signed off on almost every single Bush appropriation for the 2009 budget, so you can stop writing that off on Bush.

[JoshBoschke]

Learn the difference between debts and deficits, then get back to me.

[havoc000A]

errr hello

Deficit to GDP 2009 (Bush Budget) - 10%

Deficit to GDP 2014 set to be around 5%

[JoshBoschke]

Actually, the economy was growing before Clinton's tax hikes came into place. His tax increases actually slowed down the economy and he created the NASDAQ bubble which popped during the Bush administration.

How exactly is Obama reducing the deficit? He has made ZERO cuts in spending and the deficit isn't even close to being cut in half as he promised. U.S. debt is almost 100% of GDP

[havoc000A]

US deficit is 5% of GDP.  It was 3% before the 2008 crash. Obama is doing quite well in reducing it. You don't face collapse.

Also, as the US economy is recovering from the deepest financial and banking crises since the 1930s, then its not a good idea especially when you havn't got strong growth, which is what Clinton had in the 1990s to do it.

[Dimitri0809]

Isnt the health care funded by tax payers? I don't know? That's how it works in my country.

[Dimitri0809]

Let's just hope that the UN is not working for something sinister.

[Kiwichico]

what will happen to those who can't afford health care, or senior citizens in retirement?

[rb3264]

I do agree with the need to balance the budget in a shorter time than anyone has proposed. Last year Jim Jordan and the RSC proposed a budget that balanced in 2017, same with Rand Paul. But in needs to be a "balanced" approach like the president has said. I agree with that. We can take on about another year's worth of deficit spending to get the economy rolling and then lower spending to meet the rising revenue from economic growth.

[JoshBoschke]

Why not balance it in three years? We could face another economic collapse if we don't balance the budget immediately. The Republicans in Congress and Clinton balanced the budget in less than 6 years.