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Who has offered a plan that according to the CBO leads to a balanced budget, Obama or Ryan?

Welcome to VoteFacts.  We have heard from GOP Vice Presidential Candidate Paul Ryan that;

"The plans that we have offered in the House balance the budget...  President Obama has never once, ever, offered a plan to balance the budget."

(View the video in its entirety by dragging the start button backward)

Is What  Congressman Ryan  says here Congressional Budget Office fact, or is it just political fiction.  Let's dive into our CBO reports in order to take a closer look.  (All links to CBO budgets, including page numbers, are available at the bottom of the post.)

First, here is the CBO's analysis of the most recent plan submitted by Congressman Ryan in the House of Representatives, and its budget balancing outlook.  (A minus before the number reflects deficit, no minus reflects balance or surplus.)

 It's an individual opinion whether the values, cuts or choices made under this budget are good policy. That said, CBO does show this plan as providing a balanced budget by 2040.   Let's move on now and take a look at all 4 of President Obama's budget proposals and how their balance is.  Here is the CBO data on those budgets:

President Obama's first budget:

The deficit falls to $633 billion by 2012, then rises again until it reaches $1.163 trillion by 2019, with a ten year deficit of $9.139 trillion.



President Obama's second budget:

The deficit falls to $724 billion by 2014, then rises until it reaches $1.254 by 2020, with a ten year total of $9.755 trillion.



President Obama's third budget:

The deficit falls to $748 trillion by 2015, then rises again to $1.158 trillion by 2021, with a ten year total of $9.470 trillion.



President Obama's 4th, and most recent, budget:

The deficit falls to $488 billion by 2017, then rises again until reaching $728 billion by 2022, with a ten year deficit of $6.390 trillion.

That's it, those are the 4 budgets that President Obama has submitted to congress.  It is important to note that none of these budgets were passed by the congress. 

Moreover, there is a distinction between the Ryan budget and Obama budgets in that the CBO only scored the president's budgets for a 10-year time period.  Congressman Ryan's plan was scored for several decades longer.  However, according to the CBO, the deficit decreases substantially even in the first 12 year time period.

So, here's where we ask for your input.  Fact or Fiction:  Between Barack Obama and Paul Ryan, Congressman Ryan is the only one who has offered a budget that leads to balance.  Vote now.  Go. Do it.....



Resources

Paul Ryan Budget, Page 3

Obama 2013 Budget, Page 2

Obama 2012 Budget, Page 2

Obama 2011 Budget, Page 2

Obama 2010 Budget, Page 2

VoteFacts original post date:  September 19, 2012

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Between the president and Congressman Ryan, Congressman Ryan is the one who has offered a plan that according to the CBO leads to a balanced budget. Fact or Fiction.
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Voting Key


Fact = 100% - 92% True
Mostly Fact = 91% - 75% True
Slightly Fact = 74% - 60% True
Split = 59% - 50% True
Slightly Fiction = 49% - 30% True
Mostly Fiction = 29% - 10% True
Fiction = 9% - 0% True