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Why GOP candidates would make the national debt worse - CSMonitor.com
With Romney, the debt would change little from the CRFB baseline but only if he finds tax hikes to offset those 20 percent rate cuts. He has not said what those revenue increases would be, and without them, hed add about $2.6 trillion to the debt and drive it to about 96 percent of GDP. Santorum would increase the debt by $4.5 trillion to 104 percent of GDP. Gingrich would add $7 trillion to the debt and drive it to 114 percent of GDP.
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Now this is coming from the Right Wing Christian Science Monitor. The same news source that pointed out that Republicans blackmailed Obama into extending the Bush Tax cuts or they were going to cut off unemployment for millions of Americans whose jobs were victimized by Republican policies.
With Romney, the debt would change little from the CRFB baseline but only if he finds tax hikes to offset those 20 percent rate cuts. He has not said what those revenue increases would be, and without them, hed add about $2.6 trillion to the debt and drive it to about 96 percent of GDP. Santorum would increase the debt by $4.5 trillion to 104 percent of GDP. Gingrich would add $7 trillion to the debt and drive it to 114 percent of GDP.
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Now this is coming from the Right Wing Christian Science Monitor. The same news source that pointed out that Republicans blackmailed Obama into extending the Bush Tax cuts or they were going to cut off unemployment for millions of Americans whose jobs were victimized by Republican policies.