A Balanced Budget Isn’t The Primary Goal

by Ryan Young on March 14, 2013

in Economy, Regulation

Over at The Daily Caller, Wayne Crews and I take a look at Rep. Paul Ryan’s proposed budget, the Path to Prosperity. While it would improve on the Bush-Obama status quo, there is room for improvement:

We’re for a balanced budget, and maybe even an amendment. But we’re more for the principle of limited government. The Ryan budget’s main deficit-reducing tactic is to increase federal spending by 3.4 percent per year instead of the currently projected 5 percent. Again, this is certainly an improvement. But after 12 years of breakneck Bush-Obama government growth, it is well past time for actual cuts, in which spending goes down.

Since the Ryan budget relies on economic growth to generate more tax revenue, we also suggest a few reforms that would help make that possible.

Read the whole thing here.

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