Republicans reject their own deficit-reduction report

Discussion in 'Politics' started by Susan45, Jul 1, 2011.

  1. Susan45
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    Susan45 Member

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    Republicans reject their own deficit-reduction report

    By the end of the debt-ceiling negotiations, the Obama administration had agreed to a deal that would reduce the deficit by $2.4 trillion, with $2 trillion of the total coming from spending cuts and $400 billion coming from tax increases. Taxes, in other words, would be about 17 percent of the final deal. Republicans rejected it. But as little as four months ago, it was the Republican ideal.

    Mike Konczal points us to “Spend Less, Owe Less, Grow the Economy,” the March 2011 report released by the Republicans on the Joint Economic Committee. The report, which tried to argue that fiscal austerity would lead to short-term growth, was as methodologically unsound, and quickly forgotten. But for our purposes, that’s irrelevant. What is relevant is the report’s golden ratio: “successful fiscal consolidations averaged 85% spending cuts and 15% revenue increases, while unsuccessful fiscal consolidations averaged 47% spending cuts and 53% revenue increases,” it concluded. There was even a graph:

    [​IMG]

    So when the GOP’s economic policy team sat down to make the strongest case they could for growth-inducing deficit reduction, they recommended a mix an 85:15 mix, not a 100:0 mix. And then, when the Obama administration agreed to an 83:17 mix, the Republican leadership walked out of the room and demanded that taxes be excluded from the deal altogether. How do you negotiate with that?

    Republicans reject their own deficit-reduction report - Ezra Klein - The Washington Post

    It almost looks like some people are starting to pay attention.
     
    Last edited: Jul 1, 2011
  2. kiwiman127
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    kiwiman127 Comfortably Moderate Supporting Member

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    If Obama is for a GOP plan, it must be a bad plan just ask any Republican..
     
  3. rdean
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    rdean rddean

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    They have done this over and over again on every single position the president has.
     
  4. percysunshine
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    percysunshine Gold Member

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    Ezra Klein?

    Hahahahahaha
     
  5. Truthseeker420
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    Truthseeker420 Gold Member

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    Just hope Americans will be able to see through the GOP plan to wreck the economy.
     
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  6. percysunshine
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    percysunshine Gold Member

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    Projection alert!
     
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  7. Truthmatters
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    Truthmatters BANNED

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    The worst part is the base.

    The people on here will accept any lie in place of facing the facts
     
  8. percysunshine
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    percysunshine Gold Member

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    Two projection alerts in a row! We are going for a record!

    Bush was called a liar before he was even elected President, because Clinton got caught in a lie.

    A very old playbook. But I guess when nothing else works...run with it.
     
  9. JimH52
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    JimH52 Gold Member

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    The GOP is far more concerned about their party and politics than they are with the future of this country. Their stated purpose from the beginning has been to defeat Obama. They are indignant that a Black Man had the audacity to run for the White House and incredulous that he actually won.

    There is nothing that won't do to get rid of Obama, even to the point of pushing this country into default. The Tea Baggers have establishment Republicans running scared.
     
  10. percysunshine
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    percysunshine Gold Member

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    Accusations of racism are on page two of the playbook. It is still an old playbook.
     

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