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Republican Extremism, Bad Economics (NY Times Editorial Extreme Barf Alert)
NY Times ^ | August 15, 2011 | Steve Rattner

Posted on 08/16/2011 6:03:21 AM PDT by Zakeet

In the middle of all the debt default drama and stock market turbulence, the leading Republican presidential candidates have begun to fill in the shadowy outlines of their positions on major economic issues.

And what a picture it is, a philosophy oriented around shrinking the role of the federal government in every imaginable way, by slashing spending, cutting taxes and halting or rescinding regulations. Their mantra is repeal and retrenchment, devoid of new initiatives or a positive agenda.

Some of these views are to the right even of the Tea Party; they amount to the most radically conservative positions of any set of candidates at least since Barry M. Goldwater in 1964.

Take the agreement to avert a disastrous default by cutting at least $2.1 trillion from the deficit over the next decade. Mitt Romney, Michele Bachmann and Ron Paul all opposed it. Only Jon M. Huntsman Jr. (whose poll numbers — perhaps not coincidentally — are in the single digits) supported it. In contrast, 58 percent of the members of the Tea Party in the House ultimately cast yes votes.

Not to be outdone, Mrs. Bachmann and Mr. Paul ventured still further, insisting that they would never vote to raise the debt ceiling. That may sound good on the Iowa campaign trail, but it would easily tip the economy into an unending downward spiral.

Then there’s “cut, cap and balance,” ...

(Excerpt) Read more at nytimes.com ...


TOPICS: Business/Economy; Constitution/Conservatism; Editorial; News/Current Events
KEYWORDS: debt; economics; mediabias; nyslimes; spending

My family's newspaper is never to be outdone when it comes to spewing insane libtard propaganda ...

1 posted on 08/16/2011 6:03:31 AM PDT by Zakeet
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To: Zakeet

>>>>>....devoid of new initiatives or a positive agenda.

they don’t tell the reader where that “positive agenda”

leads the country.

or, maybe even they do not know.


2 posted on 08/16/2011 6:06:38 AM PDT by ken21 (ruling class dem + rino progressives -- destroying america for 150 years.)
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To: Zakeet
Their mantra is repeal and retrenchment, devoid of new initiatives or a positive agenda.

Repeal and retrenchment of policies that are negative is, in fact, a positive agenda.

3 posted on 08/16/2011 6:10:41 AM PDT by TruthShallSetYouFree ("Nanny Care State" is not a Division 3 football powerhouse.)
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To: Zakeet
I have three words: Upstate New York.

Folks wanna see what a 'Rat and RINO run utopia looks like, I cordially invite to visit. Since people and jobs are fleeing Upstate, we have plenty of room. And God knows we need the money.

4 posted on 08/16/2011 6:11:16 AM PDT by mewzilla (Forget a third party. We need a second one.)
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To: mewzilla
(New York) State put freeze on hiring, then added 50,464 people

From last year, but NYS is still paying for it.

Note to the nation: Can't say you weren't warned....

5 posted on 08/16/2011 6:17:35 AM PDT by mewzilla (Forget a third party. We need a second one.)
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To: Zakeet

Notice how none of these stories talk about how spending has jumped from about 10% or 20% to 25% of GDP under Obama, or that spending has doubled in 10 years—both under Obama and Bush—and gone up 33% under Obama alone. No, cutting spending 10%, or even holding it even, is “slashing” spending.


6 posted on 08/16/2011 6:52:24 AM PDT by Opinionated Blowhard ("When the people find they can vote themselves money, that will herald the end of the republic.")
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47 Days And FR Is Still Short Of Its Goal

We Are In A Fight For Our Republic

Are You In Or Are You Out?

Support Free Republic

7 posted on 08/16/2011 7:04:59 AM PDT by DJ MacWoW (America! The wolves are here! What will you do?)
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To: Zakeet
devoid of new initiatives or a positive agenda

They never met a government program they didn't like

8 posted on 08/16/2011 7:15:58 AM PDT by RightGeek (FUBO and the donkey you rode in on)
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To: Zakeet

None of these cutting and slashing hopes and strategies will do any long run good at all unless they include eliminating many whole departments, agencies, and bureaus. Shrinking them is like obese folks going on a Diet. As you get fat your body makes new fat cells. As you lose weight the body shrinks those fat cells but does not reduce their number. Without rigorous full time diet control for the rest of your life you inevitably get fat again because your body wants to nourish all the cells it has and will flood you with hunger until the goal is accomplished. A democracy is incapable of that sort of rigorous control. Better to do the liposuction.


9 posted on 08/16/2011 10:10:17 AM PDT by arthurus (Read Hazlitt's "Economics In One Lesson.")
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To: Opinionated Blowhard
Notice how none of these stories talk about how spending has jumped from about 10% or 20% to 25% of GDP under Obama, or that spending has doubled in 10 years—both under Obama and Bush—and gone up 33% under Obama alone. No, cutting spending 10%, or even holding it even, is “slashing” spending.

Taxing. And spending. And growing government.

That is, literally, all that liberals know how to do.

There is no problem that cannot be solved by higher taxes, more spending and more intrusive government.

And, somehow, it makes them feel superior...

10 posted on 08/16/2011 10:35:47 AM PDT by okie01 (THE MAINSTREAM MEDIA: Ignorance On Parade)
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