Rep. Paul Ryan (R-Wisc.) is known for his knowledge about the federal budget and spending, one reason he heads up the Budget Committee in the US House of Representatives. Ryan appeared on Fox and Friends on Wednesday, and he made the case for his fiscal plan ‘The Path to Prosperity’ with a declaration that should upset every American. “Obama,” said Ryan, “is accelerating us towards a debt crisis.”
Why? Because of “budget gimmicks and accounting tricks.”
Ryan delivered hard numbers that would send any business owner into a tailspin. Under President Barack Obama and his fellow Democrats in Congress, federal agency spending rose 24 percent across the board. Once Stimulus dollars were unleashed, the increase rose to 84 percent.
In a down year any business, large or small, raising budgets across the board by 84 percent would not be long for this world.