>Republican Budget Plan to Eliminate National Debt: Ryan
By: Jeff Cox
The Republican budget proposal will eliminate the national debt while still preserving costly entitlement programs like Medicare and Social Security, Rep. Paul Ryan told CNBC.
House Budget Chairman Paul Ryan, R-Wisc., holds a copy of his budget proposal ‘The Path to Prosperity’ during a news conference on the FY2012 budget resolution on Tuesday, April 5, 2011.
Speaking just hours before the spending plan gets its formal introduction before Congress, Ryan, head of the House Budget Committee, said the debt will peak at 74.5 percent of gross domestic product in 2014 and then drop from there.
https://www.cnbc.com/id/42429728
