GOP POTUS Candidates Would Add Several Trillions To Debt

[g5000]

Ron Paul is the exception. No one is surprised, I'm sure.

The plans of Newt Gingrich, Rick Santorum and Mitt Romney would each add trillions of dollars to the debt over the next decade, according to an analysis released today by the Committee for a Responsible Federal Budget in Washington. The Republican contenders criticize President Barack Obama for spending programs that contributed to a trillion-dollar budget deficit.

Former House Speaker Gingrich would add the most, with tax- and-spending policies that would increase the debt by $7 trillion by 2021, the report said. The proposals of Santorum, a former U.S. senator from Pennsylvania, would add $4.5 trillion, the analysis said. Both would push the debt to more than 100 percent of the U.S. gross domestic product.

Former Massachusetts Governor Romney’s plan would add $2.6 trillion, the group said, though it noted the estimate is less certain because many of the details of his tax proposals are vague.

Spend, spend, spend. Cut. Spend, spend, spend. Cut. Spend, spend, spend.

Doesn't sound any different than the current occupier of the White House.

Or the previous.

Only Representative Paul’s plan would more than cover the cost of his tax cuts with spending reductions, the group said. Paul has proposed $5.2 trillion in tax cuts over the next decade, and $7.5 trillion in reduced spending, which would cut the debt by 2012 by more than $2 trillion.

Debt Boosted Under Leading Republicans’ Plans, Report Says - Businessweek

 

[asaratis]

Similar thread in the Economy forum.

http://www.usmessageboard.com/econo...l-swell-under-top-gop-hopefuls-tax-plans.html

 

[g5000]

Since the GOP is supposedly all about "austerity" these days, what do you guys have to say about these big spenders, one of whom is possibly going to be your next President?

Is it all just lip service? Are the attacks on Obama and his deficits to be seen as nothing but sheer hypocrisy?

Is it really just about making empty promises to the rubes to gain power, the American people be damned?

This is one of many reasons I have stopped voting. They are all big fat liars, and until everyone learns that a politician's actions are more important than any bogus bloviations emanating from his maw, we will keep getting lied to and keep getting bigger national debt and keep getting screwed.

 

[CaughtInTheMid]

the 1950's



the last decade that had a day when our national debt went down.



republicans/democrats are as irresponsible with our money as a college kid is with their first credit card. but the college kid eventually grows up.