Gingrich Tax Plan Would Add $1.3 Trillion to Deficit

Discussion in 'Politics' started by Flopper, Dec 13, 2011.

  1. Flopper
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    Flopper Gold Member Gold Supporting Member Supporting Member

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    The tax plan proposed by Republican presidential candidate Newt Gingrich would add $1.3 trillion to the U.S. budget deficit in 2015 alone, a new analysis shows, complicating his goal of balancing the government’s books.

    So if we can't cut spending we'll cut taxes??

    Gingrich Tax Plan Would Add $1.3 Trillion to Deficit, Study Says - Bloomberg
     
  2. Mr. H.
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    Mr. H. Diamond Member

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    What's so wrong about reducing government collections?
    Is that what our government is- a fucking collection agency?
     
  3. Wacky Quacky
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    Wacky Quacky Gold Member

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    In the area of funding it's operations, yes.

    Gingrich's plan is piss-poor because it's a bet, a gamble. He's assuming that the economy will surge after these tax breaks, resulting in more government revenue. But what happens if it doesn't? What happens when the economy remains stagnant because the middle class still has no money to spend, regardless of how low the top individual tax rate is? Our economy, and our deficit, are in way too much trouble right now to attempt to fix them by pandering to the rich and gambling.

    If Gingrich, or any politician, was truly serious about jobs and the deficit, than they would end all free-trade agreements. That would help to bring jobs back and end tax loopholes.
     
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  4. Avorysuds
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    Avorysuds Gold Member

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    That what you git when you offer ZERO cuts... Newt is a massive Progressive, he wants massive Government but no taxes....... Newt wants massive war but no taxes...... LOLz~

    How stupid do you have to be a Newt supporter at this point???

    "Anyone but Obama!!!" So that means it's ok that some people support fucking retards for President?
     
  5. Flopper
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    Flopper Gold Member Gold Supporting Member Supporting Member

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    Gingrich's first and only real job besides being a politician and a lobbyist was as a college professor. If he had not been denied tenure, he might still be there proposing novel approaches to the world's problems. But now he's likely to be the next presidential candidate proposing more novel ideas. What the country needs is proven ideas to solve our problems, not hair brain schemes from a political philosopher.

    By contrast the Congress worked for months trying to come up with a plan to cut the deficit 1.2 trillion dollars over 10 years and they failed. Newt now offers a plan that will add 1.3 trillion to the deficit in just one year. If his tax plan is successful, he goes down in history as a great president. If his plan fails, the country goes into an economic nightmare that it might never recover.
     
  6. VaYank5150
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    VaYank5150 Gold Member

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    How does he plan to pay for the tax cuts?
     
  7. WillowTree
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    WillowTree Diamond Member

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    it's too fucking late for you libtards to worry about debt now. dummie
     
  8. WillowTree
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    WillowTree Diamond Member

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    not quite as stupid as an old under the eyes baggy paul supporter.
     
  9. 8537
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    8537 Senior Member

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    I'm sure Newt will be along soon to explain why this outfit is, like the CBO, a socialist institution that fundamentally doesn't understand economic growth.

    The fact that Newt Gingrich is the leading Republican candidate is sad.
     
  10. Mustang
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    Mustang Gold Member

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    So, cutting spending by $1.3 Trillion would only put us right where we are right now in terms of the debt if these tax cuts fail to generate one HELL of a lot of economic activity.
     

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