Discussion in 'Politics' started by Political Junky, Jul 26, 2011.
CBO: John Boehner's debt bill comes up short - David Rogers - POLITICO.com
Reid, Boehner proposals inadequate to keep the debt from growing - politics - msnbc.com
They both come up short. WAY SHORT.
Then add the former director of the cbo states obumblecare will cost an additional trillion.
Yep, it is becoming a "dead end" deal for compromise...
Lets look at compromise.
Obama gets his 1.2 trillion in new revenue. 120 billion a year
Boehner gets his 3 trillion in cuts 300 billion a year
Lets be nice guys and add the end of the rich tax cuts 70 billion a year.
And the compromise is....................... Trillion dollar deficits with cost continuing to go up for obama care, retirees
I think its worthwhile point out we aren't actually CUTTING jack below current funding from base zero, we are lowering the BASELINE for spending...
what a friggin mess....
Look at the economy. Though Nixon famously quipped, Were all Keynesians now Milton Friedman and the neo-classical economics of the Chicago School proved we cant spend our way to prosperity. We cant borrow our way to solvency, yet this administration has racked up the largest debt of any administration in History in less than three years. Their first 800 billion dollar stimulus was such a failure even Mr. Obama cant keep a straight face when talking about the supposed shovel ready jobs. And what is this administrations answer to the continuation of the Great Recession? The President wants more spending and more debt, a policy which ensures the continued degradation of Americas economic position in the world. From the undisputed leader of the world this administration is fundamentally transforming America into an economic dependency on China.
Ever since the early 1980s and the Laffer Curve provided the facts to prove what many economists had long known: within certain perimeters reducing taxes generates more revenue than raising them. Economists generally agree that raising taxes slows growth and reduces revenue especially during a recession. Yet in the current debt ceiling EMERGENCY!!!#*%!!! what does the Obama Administration propose? They want to raise taxes. And how do they seek to achieve this masterstroke? By the most blatant application of class warfare rhetoric since Lenin climbed on a barricade in 1917.
Much more: http://www.dakotavoice.com/2011/07/...utm_campaign=Feed:+DakotaVoice+(Dakota+Voice)
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