The fiscal 2012 budget resolution proposed by House Budget Committee Chairman Paul Ryan (R-Wis.) drew the support of all 235 Republicans present and voting Friday, as well as the opposition from all 193 Democrats in attendance. That means 235 members of the House GOP are now on record in favor of slowing the growth of domestic discretionary spending and Medicaid, shrinking the deficit gradually through fiscal 2015, and sharply reducing federal spending as a percentage of the economy over the long term. They're also on record favoring an increase in the debt ceiling, which currently stands at $14.3 trillion.
Pages 5 and 6 of the budget resolution declare that the "appropriate levels of debt" subject to the debt ceiling are as follows:
Fiscal year 2012: $16,204,000,000,000.
Fiscal year 2013: $17,177,000,000,000.
Fiscal year 2014: $17,955,000,000,000.
Fiscal year 2015: $18,704,000,000,000.
Fiscal year 2016: $19,513,000,000,000.
Fiscal year 2017: $20,257,000,000,000.
Fiscal year 2018: $20,981,000,000,000.
Fiscal year 2019: $21,711,000,000,000.
Fiscal year 2020: $22,416,000,000,000.
Fiscal year 2021: $23,105,000,000,000.
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