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The concern with the federal budget deficits and the growing federal debt has brought forth three principal proposals: (1) the December 2010 proposal by the bipartisan National Commission on Fiscal Responsibility and Reform (the Deficit Commission Proposal); (2) the April 2011 Fiscal Year 2012 Budget Resolution, The Path to Prosperity, advanced by Congressman Paul Ryan, the Republican chairman of the House Committee on the Budget (the Ryan Proposal); and (3) the proposal of President Obama set out in a speech he gave at George Washington University on April 13, 2011 (the Obama Proposal). These proposals are sometimes referred to here as "the Three Proposals."

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