GOP Finally Admits That Tax Cuts Add To The Deficit

[CrusaderFrank]

How many people have any of you hired with FICA cuts?

 

[Full-Auto]

Remember the Bush tax cuts that weren't paid for? Republicans in DC and across this nation insisted that tax cuts don't have to be paid for; that tax cuts don't add to the deficit. Those of us that have a little common sense shook our heads in disbelief at that notion while their loyal base eagerly lapped up the GOP talking points and repeated them as gospel.

Well, sorry cons, but the jig is up. None other than Mitch McConnell admitted what we already knew - that tax cuts do in fact add to the deficit.

Senate Republican Leader Mitch McConnell said Tuesday that Republicans are working on an alternate proposal for extending the payroll tax cut, and predicted that, at the end of the day, "the House will insist that as we extend this payroll tax relief for individuals only for another year."
McConnell, speaking to reporters at a press availability, declined to provide details of the Republican bill, other than to say it would "be paid for in an acceptable way that does not adversely impact job creation."

"In all likelihood, we will agree to continue the current payroll tax relief for another year, but we believe that it should be paid for," the Kentucky Republican told reporters.

~snip~

McConnell said Tuesday that it was necessary to pay for the tax cuts because "with this $15 trillion debt we now have, bigger than our economy, we need to be paying for a measure like this that's temporary."

McConnell: GOP working on alternate proposal for payroll tax cut extension - Political Hotsheet - CBS News

Only if spending isnt reduced.

A point you are not smart enough to comprehend.

 

[bigrebnc1775]

Remember the Bush tax cuts that weren't paid for? Republicans in DC and across this nation insisted that tax cuts don't have to be paid for; that tax cuts don't add to the deficit. Those of us that have a little common sense shook our heads in disbelief at that notion while their loyal base eagerly lapped up the GOP talking points and repeated them as gospel.

Well, sorry cons, but the jig is up. None other than Mitch McConnell admitted what we already knew - that tax cuts do in fact add to the deficit.

Senate Republican Leader Mitch McConnell said Tuesday that Republicans are working on an alternate proposal for extending the payroll tax cut, and predicted that, at the end of the day, "the House will insist that as we extend this payroll tax relief for individuals only for another year."
McConnell, speaking to reporters at a press availability, declined to provide details of the Republican bill, other than to say it would "be paid for in an acceptable way that does not adversely impact job creation."

"In all likelihood, we will agree to continue the current payroll tax relief for another year, but we believe that it should be paid for," the Kentucky Republican told reporters.

~snip~

McConnell said Tuesday that it was necessary to pay for the tax cuts because "with this $15 trillion debt we now have, bigger than our economy, we need to be paying for a measure like this that's temporary."

McConnell: GOP working on alternate proposal for payroll tax cut extension - Political Hotsheet - CBS News

I have often wondered what it would be like to live in a Greece type system raise taxes and make no cuts and we will see exactly how that system works.

 

[J.E.D]

Remember the Bush tax cuts that weren't paid for? Republicans in DC and across this nation insisted that tax cuts don't have to be paid for; that tax cuts don't add to the deficit. Those of us that have a little common sense shook our heads in disbelief at that notion while their loyal base eagerly lapped up the GOP talking points and repeated them as gospel.

Well, sorry cons, but the jig is up. None other than Mitch McConnell admitted what we already knew - that tax cuts do in fact add to the deficit.

Senate Republican Leader Mitch McConnell said Tuesday that Republicans are working on an alternate proposal for extending the payroll tax cut, and predicted that, at the end of the day, "the House will insist that as we extend this payroll tax relief for individuals only for another year."
McConnell, speaking to reporters at a press availability, declined to provide details of the Republican bill, other than to say it would "be paid for in an acceptable way that does not adversely impact job creation."

"In all likelihood, we will agree to continue the current payroll tax relief for another year, but we believe that it should be paid for," the Kentucky Republican told reporters.

~snip~

McConnell said Tuesday that it was necessary to pay for the tax cuts because "with this $15 trillion debt we now have, bigger than our economy, we need to be paying for a measure like this that's temporary."

McConnell: GOP working on alternate proposal for payroll tax cut extension - Political Hotsheet - CBS News

Only if spending isnt reduced.

A point you are not smart enough to comprehend.

McConnell and the entire Republican party are a bunch of hypocritical shills for the rich. A fact that you are too fucking brainwashed/stupid to comprehend. Get back to me when your party has a shred of credibility.

 

[MikeFrank]

LMFAO, Tax cuts don't add to a deficit, spending does. Where the hell do you people come up with this stuff?

We don't have a taxing problem in this country, we have a spending problem, when you spend more than you take it it creates a deficit, stop spending and balance the fucking budget assholes.

when you get your hours cut does it add to your income or take away from your income?

When my hours get cut I spend less because I make less. this question is apples to oranges.

You idiots really believe that common basic math can be skewed by rhetorical nonsense you put forth?

I also don't give a fuck what Mitch Mcconnel has to say as much as I give a fuck about what most politicians have to say republican or democrat.

 

[MikeFrank]

Remember the Bush tax cuts that weren't paid for? Republicans in DC and across this nation insisted that tax cuts don't have to be paid for; that tax cuts don't add to the deficit. Those of us that have a little common sense shook our heads in disbelief at that notion while their loyal base eagerly lapped up the GOP talking points and repeated them as gospel.

Well, sorry cons, but the jig is up. None other than Mitch McConnell admitted what we already knew - that tax cuts do in fact add to the deficit.

Only if spending isnt reduced.

A point you are not smart enough to comprehend.

McConnell and the entire Republican party are a bunch of hypocritical shills for the rich. A fact that you are too fucking brainwashed/stupid to comprehend. Get back to me when your party has a shred of credibility.

Both parties have no credibility you fucking idiot? Let me tell you something they are both to blame.

 

[Luddly Neddite]

McConnell and the entire Republican party are a bunch of hypocritical shills for the rich.

What amazes me is that the GObP/Repubs/tp's have been very open about this fact. They come right out and say it. Even the Clown Car Candidates say it over and over again - that they work for the 1%.

Its also true that the Repub voter has been brainwashed. they want so bad to believe that the GObP will work FOR them, with make them rich too, that they just close their eyes and ears to what's right in front of them.

This is why they all spout words like "socialist", "fascist", "communist" ... they know the rw voters won't look up the definitions of the words and won't realize they're being had by plutocrats. (They probably won't look up that word either.)

Its fun watching President Obama force the Repub's hand. They don't have any choice but to agree to the payroll tax cut being extended and Obama is rubbing their collective noses in it.

 

[BDBoop]

LMFAO, Tax cuts don't add to a deficit, spending does. Where the hell do you people come up with this stuff?

We don't have a taxing problem in this country, we have a spending problem, when you spend more than you take it it creates a deficit, stop spending and balance the fucking budget assholes.

See the bolded? You just agreed with the OP.

 

[BDBoop]

Of course they're both to blame. But who just spent three years actively working to destroy this country? We all know the answer to that one. Every. Damn. Time. EVERY damn time the party of "no" had a chance to say yes, they said NO.

They have been actively showing their ass, singularly and collectively, for three years now. This will cost them.

The whole system is corrupt, but they're the ones who gridlocked it, and nobody is forgetting that any time soon. Don't believe me? Watch the dropping numbers.

 

[007]

And increased taxes on everyone and everything create prosperity... PLEASE...

The only thing increased taxes does is give more money to the government to spend, even though the government has spent us into a financial BLACK HOLE already.

 

[Vaard]

the problem with republicans is they have been lying for so long that they start to believe their lies........

 

[007]

Of course they're both to blame. But who just spent three years actively working to destroy this country? We all know the answer to that one. Every. Damn. Time. EVERY damn time the party of "no" had a chance to say yes, they said NO.

They have been actively showing their ass, singularly and collectively, for three years now. This will cost them.

The whole system is corrupt, but they're the ones who gridlocked it, and nobody is forgetting that any time soon. Don't believe me? Watch the dropping numbers.

OH MY FUCKING GAAAAWWWWD... HERE WE GO AGAIN....

WHO THE FUCK HAD ***TOTAL CONTROL*** of congress, the senate and the White House for TWO YEARS?

The party of no my ass. You fucking LIBERALS couldn't pass SHIT even though you had TOTAL CONTROL!!!

You people LIE LIKE RUGS, and are MASTER BLAMERS, just like your PATHETIC excuse of a president ODUMBO.

 

[Dragon]

You idiots really believe that common basic math can be skewed by rhetorical nonsense you put forth?

No, it seems you're the one who believes that.

What is a "deficit"? It's what happens when revenues are less than expenditures.

Start with the equation R=E (that represents a balanced budget).

Subtract an amount X from R (that represents a tax cut).

If R=E, then R-X<E where X>0, and E-(R-X)=D where D is the deficit. (It's also true that, if R=E, then R<E+Y, where Y represents an increase in spending, so that (E+Y)-R=D. But you're saying that ONLY increases in spending matter, i.e. denying the validity of the first equation presented in this paragraph.)

THAT is basic math.

The assertion "LOL tax cuts don't cause deficits, only spending matters" -- THAT is rhetorical nonsense.

 

[bigrebnc1775]

the problem with republicans is they have been lying for so long that they start to believe their lies........

And democrats are they honest?

 

[J.E.D]

Only if spending isnt reduced.

A point you are not smart enough to comprehend.

McConnell and the entire Republican party are a bunch of hypocritical shills for the rich. A fact that you are too fucking brainwashed/stupid to comprehend. Get back to me when your party has a shred of credibility.

Both parties have no credibility you fucking idiot? Let me tell you something they are both to blame.

Wrong. Both parties are to blame to an extent. But the GOP has proven over and over again that they are more concerned with helping the rich than they are with helping the middle class and the poor. They have made no secret about it. BTW, go fuck yourself, shit-stain.

 

[Cammmpbell]

Remember the Bush tax cuts that weren't paid for? Republicans in DC and across this nation insisted that tax cuts don't have to be paid for; that tax cuts don't add to the deficit. Those of us that have a little common sense shook our heads in disbelief at that notion while their loyal base eagerly lapped up the GOP talking points and repeated them as gospel.

Well, sorry cons, but the jig is up. None other than Mitch McConnell admitted what we already knew - that tax cuts do in fact add to the deficit.

Senate Republican Leader Mitch McConnell said Tuesday that Republicans are working on an alternate proposal for extending the payroll tax cut, and predicted that, at the end of the day, "the House will insist that as we extend this payroll tax relief for individuals only for another year."
McConnell, speaking to reporters at a press availability, declined to provide details of the Republican bill, other than to say it would "be paid for in an acceptable way that does not adversely impact job creation."

"In all likelihood, we will agree to continue the current payroll tax relief for another year, but we believe that it should be paid for," the Kentucky Republican told reporters.

~snip~

McConnell said Tuesday that it was necessary to pay for the tax cuts because "with this $15 trillion debt we now have, bigger than our economy, we need to be paying for a measure like this that's temporary."

McConnell: GOP working on alternate proposal for payroll tax cut extension - Political Hotsheet - CBS News

No Shit Sherlock!!

Reagan cut taxes...the rich got richer and the debt quadrupled

Clinton raised taxes in 1992-3, the Republicans yelled that the sky would fall but he balanced the annual budget, created 22,000,000 new jobs and generated surpluses The entire debt was on schedule to be completely paid off by 2012

George Bush cut taxes twice and doubled the national debt again.

Total U S Debt

09/30/2009 $11,909,829,003,511.75(80% Of All Debt Across 232 Years Borrowed By Reagan And Bushes)

09/30/2008 $10,024,724,896,912.49(Times Square Debt Clock Modified To Accomodate Tens of Trillions)

09/30/2007 $9,007,653,372,262.48
09/30/2006 $8,506,973,899,215.23
09/30/2005 $7,932,709,661,723.50
09/30/2004 $7,379,052,696,330.32

09/30/2003 $6,783,231,062,743.62(Second Bush Tax Cuts Enacted Using Reconciliation)

09/30/2002 $6,228,235,965,597.16

09/30/2001 $5,807,463,412,200.06(First Bush Tax Cuts Enacted Using Reconciliation)

09/30/2000 $5,674,178,209,886.86(Administration And Congress Arguing About How To Use Surplus)

09/30/1999 $5,656,270,901,615.43(First Surplus Generated...On Track To Pay Off Debt By 2012)

09/30/1998 $5,526,193,008,897.62
09/30/1997 $5,413,146,011,397.34
09/30/1996 $5,224,810,939,135.73
09/29/1995 $4,973,982,900,709.39
09/30/1994 $4,692,749,910,013.32

09/30/1993 $4,411,488,883,139.38(Debt Quadrupled By Reagan/Bush41)

09/30/1992 $4,064,620,655,521.66
09/30/1991 $3,665,303,351,697.03
09/28/1990 $3,233,313,451,777.25
09/29/1989 $2,857,430,960,187.32
09/30/1988 $2,602,337,712,041.16
09/30/1987 $2,350,276,890,953.00
09/30/1986 $2,125,302,616,658.42
09/30/1985 $1,823,103,000,000.00
09/30/1984 $1,572,266,000,000.00
09/30/1983 $1,377,210,000,000.00

09/30/1982 $1,142,034,000,000.00(Total Debt Passes $1 Trillion)

09/30/1981 $997,855,000,000.00

 

[Cammmpbell]

I don't blame you...I wouldn't want to comment on it either.

 

[Political Junky]

GHW Bush described it best as, "Voodoo Economics".

 

[Cammmpbell]

GHW Bush described it best as, "Voodoo Economics".

I'd forgotten about that. Kinda put him at odds with the party didn't it.

There's a couple of other things which came to mind. Reagan signed a bill which was designed to grant amnesty to 2.6 million illegals which ultimately granted amnesty to about six million.

George Herbert Walker Bush did all the leg work with Mexico and Canada and had the NAFTA agreement ready to sign when Bill Clinton took office in January 1993.

 

[Skull Pilot]

Once again

Tax cuts do not cost the taxpayer a dime

It's the spending that costs.