Ryan Says His Budget Would Slow Annual Spending Growth to 3.4%
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House Budget Committee Chairman Paul Ryan is planning to unveil a 2014 budget plan this week that would balance the government’s books in 10 years by limiting the annual growth of spending to 3.4 percent.
The budget proposal assumes that Congress would repeal President Barack Obama’s health-care law set to be implemented next year, Ryan said yesterday on “Fox News Sunday.” That assumption depends on the unlikely possibility that the Democrat in the White House and those who control the Senate agree to repeal the president’s signature domestic policy achievement.