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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.
I hope the debt ceiling doesn't get raised. I want to see what will happen and which side made the right prediction.
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, thats irrelevant. What is relevant is the reports 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:
So when the GOPs 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.
they recommended a mix an 85:15 mix ... when the Obama administration agreed to an 83:17 mix, the Republican leadership walked out of the room
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, thats irrelevant. What is relevant is the reports 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:
So when the GOPs 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.
Both sides, as they often said, were shooting for about $2.4 trillion in deficit reduction over 10 years. They'd already agreed on around $1 trillion in spending cuts and were making good progress on the rest of it. But Democrats insisted that $400 billion -- so, 17 percent -- of the package be tax increases. And that's when Republicans walked.
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, thats irrelevant. What is relevant is the reports 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:
So when the GOPs 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.
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.
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, thats irrelevant. What is relevant is the reports 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:
So when the GOPs 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.
Total BS! Here is what the article said:
Both sides, as they often said, were shooting for about $2.4 trillion in deficit reduction over 10 years. They'd already agreed on around $1 trillion in spending cuts and were making good progress on the rest of it. But Democrats insisted that $400 billion -- so, 17 percent -- of the package be tax increases. And that's when Republicans walked.
The agreement was on "around $1 trillion" in spending cuts." $400 billion is 40% of the package, not 17%. I say that the Republicans walked out because they couldn't get the other $1.4 trillion that they were allegedly "making good progress on."
Republicans reject their own deficit-reduction report
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:
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.
Total BS! Here is what the article said:
Both sides, as they often said, were shooting for about $2.4 trillion in deficit reduction over 10 years. They'd already agreed on around $1 trillion in spending cuts and were making good progress on the rest of it. But Democrats insisted that $400 billion -- so, 17 percent -- of the package be tax increases. And that's when Republicans walked.
The agreement was on "around $1 trillion" in spending cuts." $400 billion is 40% of the package, not 17%. I say that the Republicans walked out because they couldn't get the other $1.4 trillion that they were allegedly "making good progress on."
That's bullshit... they walked and their explanation was that increasing revenue was part of the package and Taxes will never be part of the discussion.
GOP Walks out of Debt Ceiling talks because of taxed - Google Search
Simple google search. Every one of them says the same thing... from liberal to Conservative... More revisionist history from Conservatives.
Total BS! Here is what the article said:
The agreement was on "around $1 trillion" in spending cuts." $400 billion is 40% of the package, not 17%. I say that the Republicans walked out because they couldn't get the other $1.4 trillion that they were allegedly "making good progress on."
That's bullshit... they walked and their explanation was that increasing revenue was part of the package and Taxes will never be part of the discussion.
GOP Walks out of Debt Ceiling talks because of taxed - Google Search
Simple google search. Every one of them says the same thing... from liberal to Conservative... More revisionist history from Conservatives.
How are you going to come up with 64 TRILLION in unfunded liabilties--babyboomers now entering social security/medicare-- and another 14.3 TRILLION in red ink now--by just raising taxes?
The FACT is there isn't enough wealth in this entire COUNTRY to pay this tab.
Republicans reject their own deficit-reduction report
This poor guy doesn't know how to read. The Republicans are saying tax increases are a bad idea. By growing the economy, you increase revenue. Obama wants to increase taxes by 17%. What don't you get? Are you just trolling or do you really believe what Ezra Klein is saying?
Republicans reject their own deficit-reduction report
This poor guy doesn't know how to read. The Republicans are saying tax increases are a bad idea. By growing the economy, you increase revenue. Obama wants to increase taxes by 17%. What don't you get? Are you just trolling or do you really believe what Ezra Klein is saying?
In RepublicanWorld, we would cut taxes to zero. That way, the government would have so much money from all that growth, we could fund Medicare, SS, weapons systems galore, military bases in 150 countries, -5% unemployment, neverevereverever have a recession or a deficit again, and everyone could have a pony or unicorn of their choice.
Oh, and just to remind everyone, we had three tax cuts in the first term of term of the last President, we still have almost all those tax cuts in place and one of the worst economies since the Depression.
This post is brought to you by Liberty University and the Arther Laffer Institute, where the skies are green and gravity causes stuff to fall up.
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, thats irrelevant. What is relevant is the reports 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:
So when the GOPs 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.
Total BS! Here is what the article said:
Both sides, as they often said, were shooting for about $2.4 trillion in deficit reduction over 10 years. They'd already agreed on around $1 trillion in spending cuts and were making good progress on the rest of it. But Democrats insisted that $400 billion -- so, 17 percent -- of the package be tax increases. And that's when Republicans walked.
The agreement was on "around $1 trillion" in spending cuts." $400 billion is 40% of the package, not 17%. I say that the Republicans walked out because they couldn't get the other $1.4 trillion that they were allegedly "making good progress on."
It's almost not worth going into the details on those particular tax changes because the Republican position has held that the details don't matter: well-designed tax increases won't be looked at any more favorably than poorly designed tax increases. The point, Republicans say, is that there can't be any tax increases, full stop.
Republicans reject their own deficit-reduction report
This poor guy doesn't know how to read. The Republicans are saying tax increases are a bad idea. By growing the economy, you increase revenue. Obama wants to increase taxes by 17%. What don't you get? Are you just trolling or do you really believe what Ezra Klein is saying?
In RepublicanWorld, we would cut taxes to zero. That way, the government would have so much money from all that growth, we could fund Medicare, SS, weapons systems galore, military bases in 150 countries, -5% unemployment, neverevereverever have a recession or a deficit again, and everyone could have a pony or unicorn of their choice.
Oh, and just to remind everyone, we had three tax cuts in the first term of term of the last President, we still have almost all those tax cuts in place and one of the worst economies since the Depression.
This post is brought to you by Liberty University and the Arther Laffer Institute, where the skies are green and gravity causes stuff to fall up.
I can see you are another person that has finally figured out the magic economy of the right. IMO it's spelled wrong though. It should be the Laugher curve. The Bush administration had the worst job creation going back to Truman but no matter how many times we bring that up it's like the right just forgets or something.
This poor guy doesn't know how to read. The Republicans are saying tax increases are a bad idea. By growing the economy, you increase revenue. Obama wants to increase taxes by 17%. What don't you get? Are you just trolling or do you really believe what Ezra Klein is saying?
In RepublicanWorld, we would cut taxes to zero. That way, the government would have so much money from all that growth, we could fund Medicare, SS, weapons systems galore, military bases in 150 countries, -5% unemployment, neverevereverever have a recession or a deficit again, and everyone could have a pony or unicorn of their choice.
Oh, and just to remind everyone, we had three tax cuts in the first term of term of the last President, we still have almost all those tax cuts in place and one of the worst economies since the Depression.
This post is brought to you by Liberty University and the Arther Laffer Institute, where the skies are green and gravity causes stuff to fall up.
Nice to be posting with a realist.
This poor guy doesn't know how to read. The Republicans are saying tax increases are a bad idea. By growing the economy, you increase revenue. Obama wants to increase taxes by 17%. What don't you get? Are you just trolling or do you really believe what Ezra Klein is saying?
In RepublicanWorld, we would cut taxes to zero. That way, the government would have so much money from all that growth, we could fund Medicare, SS, weapons systems galore, military bases in 150 countries, -5% unemployment, neverevereverever have a recession or a deficit again, and everyone could have a pony or unicorn of their choice.
Oh, and just to remind everyone, we had three tax cuts in the first term of term of the last President, we still have almost all those tax cuts in place and one of the worst economies since the Depression.
This post is brought to you by Liberty University and the Arther Laffer Institute, where the skies are green and gravity causes stuff to fall up.
Nice troll post.
(Although you don't usually troll. You must've had a great week.)
This poor guy doesn't know how to read. The Republicans are saying tax increases are a bad idea. By growing the economy, you increase revenue. Obama wants to increase taxes by 17%. What don't you get? Are you just trolling or do you really believe what Ezra Klein is saying?
In RepublicanWorld, we would cut taxes to zero. That way, the government would have so much money from all that growth, we could fund Medicare, SS, weapons systems galore, military bases in 150 countries, -5% unemployment, neverevereverever have a recession or a deficit again, and everyone could have a pony or unicorn of their choice.
Oh, and just to remind everyone, we had three tax cuts in the first term of term of the last President, we still have almost all those tax cuts in place and one of the worst economies since the Depression.
This post is brought to you by Liberty University and the Arther Laffer Institute, where the skies are green and gravity causes stuff to fall up.
Nice troll post.
(Although you don't usually troll. You must've had a great week.)
In RepublicanWorld, we would cut taxes to zero. That way, the government would have so much money from all that growth, we could fund Medicare, SS, weapons systems galore, military bases in 150 countries, -5% unemployment, neverevereverever have a recession or a deficit again, and everyone could have a pony or unicorn of their choice.
Oh, and just to remind everyone, we had three tax cuts in the first term of term of the last President, we still have almost all those tax cuts in place and one of the worst economies since the Depression.
This post is brought to you by Liberty University and the Arther Laffer Institute, where the skies are green and gravity causes stuff to fall up.
Nice to be posting with a realist.
Yabut...
...Where were the Democrats on Simpson-Bowles?
