Repeat after me:
The House Republican budget adds $6 trillion to the debt in the next decade yet the GOP is balking at raising the debt limit.
The House Republican budget adds $6 trillion to the debt in the next decade yet the GOP is balking at raising the debt limit.
The House Republican budget adds $6 trillion to the debt in the next decade yet the GOP is balking at raising the debt limit.
The House Republican budget adds $6 trillion to the debt in the next decade yet the GOP is balking at raising the debt limit.
The House Republican budget adds $6 trillion to the debt in the next decade yet the GOP is balking at raising the debt limit.
The House Republican budget adds $6 trillion to the debt in the next decade yet the GOP is balking at raising the debt limit.
The House Republican budget adds $6 trillion to the debt in the next decade yet the GOP is balking at raising the debt limit.
The House Republican budget adds $6 trillion to the debt in the next decade yet the GOP is balking at raising the debt limit.
The House Republican budget adds $6 trillion to the debt in the next decade yet the GOP is balking at raising the debt limit.
The House Republican budget adds $6 trillion to the debt in the next decade yet the GOP is balking at raising the debt limit.
Got it?
The CBO found that spending cuts in the Republican plan would be outpaced by deficit increasing tax cuts for the rich. I do NOT understand why the press doesn’t shove this fact in front of every Republican who says the debt limit cannot be raised unless their new spending cuts are put in place. The Republican plan – written by Paul Ryan – contains everything Republicans can think of in terms of spending cuts and would add more debt than we have ever seen over a 10-year period in American history! Yet Ryan and other House GOP leaders continue to make outrageous statements to the contrary – without being embarrassed and without anyone calling them on it.
In contrast to the Republican budget, the CBO said, "the economic feedback from the President’s proposals would increase their cumulative impact on deficits from 2012 through 2016 – which is estimated to be nearly $1.0 trillion excluding any aggregate economic effects – by between $10 billion and $30 billion. From 2017 to 2021, the effects of the proposals on the economy could further boost the cumulative increase in deficits – estimated to be about $1.8 trillion, excluding any aggregate economic effects – by as much as $217 billion or could reduce it by up to $8 billion" because "projected deficits fall due to the tax base increasing even when gross national product (GNP) decreases."
It is ironic that the Republicans always talk about how the Democrats are always trying to redistribute wealth. Yet you get redistribution of wealth with this plan – except the money is being redistributed from the poor and the middle class to the rich. They say it is so that the rich will create new jobs for America. Yeah, right. If you believe that, have a look at George Bush's record of job creation. We lost millions of jobs to other countries like Mexico and India during his two terms.
Robbing from the poor to pay the rich. It doesn’t make sense, does it?
