Hope for Reduction of the National Debt and Growth of the Economy

Hope for Reduction of the National Debt and Growth of the Economy

As the economy continues its sluggish recovery, the national debt continues to grow at alarming rates. Recently, Congressman Ryan proposed a plan to reduce both spending and the national debt. According to a recent Heritage Blog post, “Ryan’s 2015 budget proposal contains more than $5 trillion in savings over 10 years and balances by the end of the budget window, leaving a $5 billion surplus in 2024. Ryan’s budget acquires much of these savings by reforming welfare and entitlements—the largest drivers of debt and, from a political standpoint, perhaps the most difficult to modify.”  Willing to withstand tremendous political pressure from across the aisle, Ryan has designed a plan that will achieve significant reductions in the costliest areas that cry for reform.  With Americans now concerned more than ever about the accelerating growth of the national debt, the Ryan Plan provides hope that there is a solution on the horizon.

Click here to read the full Heritage Blog. 

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