GOP Finally Admits That Tax Cuts Add To The Deficit

[Mr. Shaman]

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.

.....And, it's time to celebrate what BU$HCO left, in it's wake......

....a SOARING VIOLENT-CRIME-RATE!!!

 

[Truthmatters]

they cant seem to understand those who benifit most should pay most.

It pretty damned simple

 

[bigrebnc1775]

they cant seem to understand those who benifit most should pay most.

It pretty damned simple

Like people on welfare?

 

[skookerasbil]

tell us all why the eocnomy is always better when we tax the wealthy more than we do now?

Geez s0n......have you checked your total post count lately?

LOL........now you know why there are age-old jokes about liberals and thatched cottages!!!

 

[ShaklesOfBigGov]

they cant seem to understand those who benifit most should pay most.

It pretty damned simple

Like those on the WIC program for example? I mean government housing, cell phones, government assistance programs. You are right, someone IS benefiting quite a bit from a free ride.


Our Founder's had it right.

“I am for doing good to the poor, but...I think the best way of doing good to the poor, is not making them easy in poverty, but leading or driving them out of it. I observed...that the more public provisions were made for the poor, the less they provided for themselves, and of course became poorer. And, on the contrary, the less was done for them, the more they did for themselves, and became richer.”
― Benjamin Franklin

 

[Full-Auto]

they cant seem to understand those who benifit most should pay most.

It pretty damned simple

The poor cant pay those bills as they benefit the most from government programs.

 

[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

When it comes to tax cuts, it goes back to economic employment basics: Who is the one you will most likely approach for a job interview to obtain employment, an individual making $60,000 a year or one that has investments covering over $1 million a year? I'm sure the left is still scratching their heads trying to figure that one out. Which is why we also haven't seen any significant improvements in the economy's job numbers, during the time the Democrats held control of BOTH branches of Government.

Do you people ever look at facts or do you just blindly accept the word of Fox News


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

 

[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.

When it comes to tax cuts, it goes back to economic employment basics: Who is the one you will most likely approach for a job interview to obtain employment, an individual making $60,000 a year or one that has investments covering over $1 million a year? I'm sure the left is still scratching their heads trying to figure that one out. Which is why we also haven't seen any significant improvements in the economy's job numbers, during the time the Democrats held control of BOTH branches of Government.

Do you people ever look at facts or do you just blindly accept the word of Fox News


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

:LMAO: ONCE AGAIN YOU PROVE YOURSELF TO BE A WHACK JOB.

COWARDS LIKE YOU Unable to properly assess blame.

That put you in the low life category.

 

[Cammmpbell]

When it comes to tax cuts, it goes back to economic employment basics: Who is the one you will most likely approach for a job interview to obtain employment, an individual making $60,000 a year or one that has investments covering over $1 million a year? I'm sure the left is still scratching their heads trying to figure that one out. Which is why we also haven't seen any significant improvements in the economy's job numbers, during the time the Democrats held control of BOTH branches of Government.

Do you people ever look at facts or do you just blindly accept the word of Fox News


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

:LMAO: ONCE AGAIN YOU PROVE YOURSELF TO BE A WHACK JOB.

COWARDS LIKE YOU Unable to properly assess blame.

That put you in the low life category.

Are you a teenager...........Can you read...........Tax cuts...........bigger deficit..........Tax increases.....surplus and balanced budgets...........I thought you might get it

 

[ShaklesOfBigGov]

tell us all why the eocnomy is always better when we tax the wealthy more than we do now?

Explain how in 2009 California was compared to other states in the union and ranks the worst 48, for a State Business Tax Climate overall. Ranking 45 in Corporate Tax Index, 49 in Individual Income Tax Index, and 43 in Sales Tax Index. In short, California had the most combined taxes of any state. Yet, when you combined states' major debt and future liabilities, primarily for pensions and employee healthcare, unemployment insurance loans, outstanding bonds and projected fiscal 2011 budget gaps . . . California is in the biggest financial hole, owing the most debt of any state — with total debt of more than $612 billion.

http://www.taxfoundation.org/files/bp58.pdf
News Headlines



Yet even during those times when Federal taxes imposed by the Federal Government were higher, historically the national debt still managed to increase. Imagine that. Now how does an out-of-control national debt help to IMPROVE the state of the economy, care to explain that?

 

[Skull Pilot]

Once again

Tax cuts do not cost the taxpayer a dime

It's the spending that costs.

No, tax cuts do not cost the taxpayer a dime. And as we slide into a black hole, on our way to being a third world or less nation due to the lack of investment in our infrastructure and education of our children, you can wave bye-bye to the very wealthy as they leave the nation that gave them the wealth in leiu of taxing and investing a portion of the wealth back into the nation. For the very wealthy will go to a first world nation, and just use the nation that has become third world as cheap labor to further enrich themselves.

Of course, that taxpayer that was claiming that tax cuts don't cost a dime is now working for wages at Chinese levels can just console himself that the tax cuts never cost him a dime.

You Goddamned fools wish to make this nation into a model of poverty.

Wrong as usual.

If a taxpayer receives a tax cut he is merely keeping more of his own money therefore there is absolutely no cost to the taxpayer.

The god damned motherfucking idiot politicians who pass spending bill after spending bill with absolutely no regard for the bottom line are what costs the tax payer money.

 

[Vaard]

the problem is that neither party is interested in cutting spending to the point where it is covered by the taxes/fees collected cover that spending.......

that leaves two chouices to cover the spending... taxes or debt.......


i fully support taxes being raised to where all spending is covered, it is the only way americans will be forced to face the true cost of government......

as long as spending is financed by debt, the majority of americans will ignore the problem since they are not bearing the brunt of the spending.......

 

[ShaklesOfBigGov]

Are you a teenager...........Can you read...........Tax cuts...........bigger deficit..........Tax increases.....surplus and balanced budgets...........I thought you might get it

One word . . . . California. Thought you might try to explain away that one. Go ahead, show me your detailed graphs of taxes and surplus in that state. After all, it is the most liberal blue state in the union. No shortage of rich people around Hollywood to contribute to your tax increases for a "surplus" balanced budget. I believe they also to have a majority of Democrats in control of that state government as well, so I'm sure you'll have no problems proving your point. Right?

 

[Truthmatters]

a little sanity returned to the debate.

Im sure the right will abandon these facts the second they get a chance to lie about it again

 

[editec]

GOP Finally Admits That Tax Cuts Add To The Deficit

And in a related story

GOP finally admits that the sun rises in the east and sets in the west.

 

[Truthmatters]

They will back away on that one too if they see a gain to lying about it

 

[Full-Auto]

Do you people ever look at facts or do you just blindly accept the word of Fox News


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

:LMAO: ONCE AGAIN YOU PROVE YOURSELF TO BE A WHACK JOB.

COWARDS LIKE YOU Unable to properly assess blame.

That put you in the low life category.

Are you a teenager...........Can you read...........Tax cuts...........bigger deficit..........Tax increases.....surplus and balanced budgets...........I thought you might get it

Hey stupid.....

Let me repeat that

Hey stupid, who controls the purse strings?

 

[Cammmpbell]

GOP Finally Admits That Tax Cuts Add To The Deficit

And in a related story

GOP finally admits that the sun rises in the east and sets in the west.

I've bought them books and bought them books and all they do is eat the covers off.

 

[CrusaderFrank]

Obama cut taxes!

Obama: "Since I've Taken Office, I've Cut Your Taxes" | RealClearPolitics

 

[Mr. Shaman]

Well yeah, tax cuts without the accompanying spending cuts WILL lead to deficits. Who doesn't know that?

You mean......besides Lil' Dumbya???????