How do each of the big budget proposals now circulating about Washington D.C. compare to each other? And better still, how much do each spend per average American household?
Political Calculations did the math:
Veronique de Rugy of the Mercatus Center provides a year-by-year comparison of each of the different spending proposals:
- Obama’s plan actually spends more in the short run than the Murray (Senate Democratic) plan, but by 2023, the two plans are essentially the same in terms of spending.
- In the short run, both Democratic plans spend more than the CBO baseline projections based on current law.
- All of the four plans grow the size of government by 2023.
- The Democratic plans’ ten-year spending totals are $5 trillion higher than the Ryan (House Republican) plan and about $9 trillion higher than the Rand Paul plan.
- The Obama plan and the CBO baseline differ in ten-year totals by less than $700 billion.
- The Democratic plans grow spending by 54% while the Ryan plan grows it by 34% and the Paul plan by 22% over this period.