Matthew C Klein, Columnist

How Ryan Went Wrong on Spending and Growth

The Congressional Budget Office assumes that federal government indebtedness is bad for growth.
He knows the numbers, but does he know the score? Photographer: Andrew Harrer/Bloomberg
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Near the end of his latest budget proposal, Representative Paul Ryan says that his $5.1 trillion in spending cuts will boost the economy so much that the federal budget deficit will shrink by $175 billion during the next 10 years.