WATCH: Paul Ryan breaks down America’s spending problem in one simple chart

 

America’s favorite chartographer Paul Ryan stopped by ‘Meet the Press’ this morning to explain that exponentially increasing amounts of federal spending is the problem, not the amount of taxes the government is collecting from the American people.

And it wouldn’t be a Paul Ryan budget lesson if it didn’t include a chart! Against MTP host David Gregory’s wishes, Paul Ryan whipped out a chart to explain that it’s the spending, stupid.

 

Look, we’ve already done the revenue bit, and if you keep raising revenues, you’re not going to get decent tax reform. Look, I know you didn’t want me to pull out a chart, and I’m kind of a chart guy…

This green line shows you historic tax rates – how much we’ve raised in taxes. The blue line is every tax increase President Obama is calling for. He got lots of those already. The red line, it shows you where spending is going. Spending is the problem. Revenues aren’t the problem. Spending’s the problem. And if you keep chasing higher spending with higher revenues, as they’re calling for, you’re actually going to hurt economic growth, you’ll never catch up, you’ll shut down the economy and you won’t actually get the budget balanced.

- Paul Ryan, Chair House Budget Committee

Comments

Comments

  1. Robert Clements says:

    That’s gonna be easy! JUST DRAW A CHART WITH OBAMA SIGNING AWAY IN MIDDLE OF THE NIGHT, EXECUTIVE ORDERS THE NEXT 4YRS.!!!

  2. joizy says:

    Interesting that Ryan’s “historical” look at taxes starts in 2012 and goes into the future. How about looking at tax/revenue/spending prior to GW Bush? That would be historical and kind of blow his straw man apart.

    1. Melinda says:

      There’s no straw man, joizy. Look again. The chart starts in 2006. You can Google tax receipts as a percent of GDP and find many charts dating back to 1945 showing that tax revenue has continually averaged about 18% of GDP with small 1% to 3% variances the entire time. Even during high growth times, revenue has never risen above about 21% of GDP. During that same time frame, federal spending has risen from about 16% of GDP right after WWII ended to around 24% now. The estimate shows we will reach about 38% of GDP in federal spending by 2041, while revenue will remain flat at around 19% to 19.5% of GDP. Tax increases give a small “bump” of 1% to 15% in revenue. Ryan is right. When comparing revenue and spending, spending is the problem. However, even with meaningful spending cuts, we cannot hope to tackle our debt. It has to be a mixture of spending cuts and growth. With negative growth in the 4th quarter of 2012 and no meaningful spending cuts, our economic future looks pretty sad.

    2. Laura says:

      I’m really sick of hearing about Bush, four years into Obama’s “reign”! This is the weakest recovery in the history of this country, the Bush excuse is getting weak! Democrats and Obama want to call the Tea Party out as ‘terrorists’, ‘extremists’, yet, so far, they are the ONLY ones who seem to have a better plan than printing more money, handing out food stamps, and blaming everyone for this mess! The people in this country need to start paying better attention than watching the evening news on ABC & CBS, because they won’t tell you anything that Obama or Soros doesn’t approve of first! I watch ALL the news stations, and ABC & CBS don’t report anything that hasn’t been talked about on line or on Fox for 3 days previously! It’s time to face the truth and stand up for this country before you loose the Freedom we have lost a lot of Son’s and Daughters fighting for!

      1. Melinda says:

        I am weary of the blame game as well. Now that the President’s first term is complete, he can no longer blame the previous President for our economic woes. I am seeing now in the news that Jay Carney and Nancy Pelosi have both blamed the Republicans in Congress for the negative GDP growth in the fourth quarter of 2012. The blame has shifted from Bush and my guess is that whatever happens in the coming 4 years that is not positive for the current administration will be blamed on Congressional Republicans. Placing blame on others is an extremely distasteful quality and totally counterproductive. Unfortunately, it appears that placing blame rather than looking for solutions is going to continue during President Obama’s next term.

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