Van Hollen: House Democratic plan will balance budget by around 2040

This post has been updated.

The House Budget Committee's top Democrat said Sunday that House Democrats' budget proposal will balance the budget by around 2040.

Rep. Chris Van Hollen's remarks came on the heels of mounting Republican criticism that Democrats have not been serious about balancing the budget.

"We believe that our projections show that the budget we will submit will actually balance," Van Hollen (D-Md.) said on NBC News's "Meet The Press." "It will balance at the same time the Republicans' budget balanced last year -- which is out in the future, around 2040."

House Republicans released a blueprint last week that would balance the budget by 2023, while Senate Democrats' proposal doesn't promise to do so. And in an interview last week, President Obama said, "My goal is not to chase a balanced budget just for the sake of balance," a posture that has come under GOP criticism.

"If the president doesn't believe that the goal oughta be to balance the budget over the next 10 years -- I don't -- not sure we're gonna get very far," House Speaker John Boehner (R-Ohio) said on ABC News's "This Week With George Stephanopoulos."

Van Hollen will release details of the Democratic budget blueprint on Monday.

Sean Sullivan has covered national politics for The Washington Post since 2012.

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Sean Sullivan · March 17, 2013