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Paul Ryan Unveils GOP Budget Plan

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Would balance budget in 10 years.

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Rep. Paul Ryan on Feb. 27. (Win McNamee/Getty)

Paul Ryan unveiled the GOP’s budget for 2013, and it looks very familiar. Like last year’s GOP blueprint, the budget would defund Obamacare, turn Medicare into a voucher-like program, and cut spending to social programs like Medicaid. Unlike past versions of the GOP budget, this year’s plan would produce a small surplus by 2023, but those gains mostly come from the tax increase pushed through as part of the fiscal-cliff deal. Senate Democrats are working on an opposing plan that they say would raise $1 trillion in new taxes and cut $1 trillion in spending over the next 10 years but would not balance the budget.

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