The Truth About "The Ryan Plan"

Posted on Zero Hedge by Tyler Durden

As noted yesterday [on Zero Hedge], Congressman Paul Ryan (R-WI) proposed a 2013 budget which has no chance of passing and is [supposedly] focused on "deficit reduction."

The full 5-page "detail" [has been] released to the public.

If this is the plan that hopes to cut U.S. budget deficits, then America is royally screwed, as according to page 5, the first time that the U.S. [is expected to] resume a budget surplus is in...

(*DRUM ROLL*)

Wait for it... wait for it...

(*HOLD YOUR BREATH*)

...2040.

Incidentally, if someone can explain to us how U.S. debt as a percentage of GDP can be [forecast to decline] even as the U.S. continues to post a deficit... please advise.