Rep. Ryan's Magical Balancing Act

Rep. Paul Ryan's previous budget was forecast to balance by 2038. Next week, he will unveil a "no surprises" budget that balances in 10 years. How can he do this without major changes, which would presumably surprise some people? 

Easy, says Ezra Klein. First, the Congressional Budget Office's new and improved deficit projections will help to the tune of $800 billion, as will the fiscal cliff tax increases (which Ryan voted for). Abandon sequestration, and - voila! - your old budget balances in 10 years.

Read the entire article: What will Ryan need to do to balance the budget? Nothing! by Ezra Klein

See also: Fox Business article "Paul Ryan's Budget to Balance by 2023" / Reuters