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EDITED BY Matthew Yglesias
2014-04-14 11:11:20 -0400
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In theory at least, Ryan's budget includes neither increases nor decreases revenues, instead relying on $5.1 trillion in spending cuts over the course of 10 years — and some rosy economic assumptions — to balance the budget.
A large share of those spending cuts — nearly $2.1 trillion — come from repealing the Affordable Care Act, also known as Obamacare. Another chunk, nearly $1 trillion, comes from cuts to other mandatory spending at a variety of government agencies, like the Departments of Agriculture and Energy. And nearly $800 billion comes from interest savings. The budget also cuts more than $700 billion from Medicaid and $125 billion from food stamps. All in all, the bulk of Ryan's cuts come from programs that serve the poor.
The Committee for a Responsible Federal Budget has published a helpful list of Ryan's major cuts:

Even with all these cuts, Ryan's budget doesn't quite balance over 10 years. So in a new addition to his budget, Ryan is assuming that his other changes will improve economic performance and thus boost revenues by about $75 billion in 2024, bringing his budget into balance.
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