Posted on 02/24/2012 5:52:21 PM PST by writer33
WASHINGTON -- Huge tax cuts in the budget plans of Newt Gingrich and Rick Santorum would produce the kinds of trillion-dollar-plus deficits that the GOP candidates are blaming on President Barack Obama.
That's the finding by the nonpartisan Committee for a Responsible Federal Budget, a Washington-based budget watchdog group.
The study also says the more modest tax and spending plans of Mitt Romney wouldn't make a dent in deficits that are on track to average $800 billion or so a year over the coming decade under current trends and policies -- and could add to them considerably.
Only Ron Paul, who calls for wrenching budget cuts that dwarf anything proposed by his three rivals, would reduce the flow of red ink. But even Paul's plan would leave in place a deficit in the $500 billion range by the end of his first term.
(Excerpt) Read more at cbsnews.com ...
Translation
Gingrich = Big spender
Santorum = Big spender
Romney = Too vague
Ron Paul = Is the man
For those interested.
Kind of hard to eiminate Obamadeficits in a year or two I guess.
We could hope.
Where will the next-generation Ron Paul come from - for our grandkids’ future???
This “analysis” most likely totally ignores the new tax revenue generated by growth in the private sector.
It most likely does ignore it. But that’s the liberal spin on it.
These morons still count tax cuts as spending. They don’t take into account more revenue via lower taxes.
Yes, sir. Morons. Good call. :-)
Committee for a Responsible Federal Budget is a leftwing outfit run by New America Foundation, a liberal think tank.
Nonpartisan watchdog group = Liberal front group.
More stupidity from folks who can’t learn from history.
Kennedy’s and Reagan’s tax rate cuts increased revenues, the recent British increase in the top marginal rate decreased revenues, and these dolts still insist on pretending that cutting marginal rates will decrease revenue proportionally, while increasing marginal rates will increase revenue proportionally.
All other things being equal. George H.W. Bush was putting tyhe same stuff out about Reagan proposals in 1980. Anyone remember “voodoo economics”?
Thanks for this post.
Point Number 1: If we say who we say we are, then why doesn’t Candidate Ron Paul have a greater TEA Party following here on FR?
Case in point from this article: “ - - - Paul’s budget plans include eliminating five Cabinet departments, immediately ending operations in Iraq and Afghanistan, and sharply cutting federal programs like Medicaid and food stamps. It would reduce the deficit by $2.2 trillion over nine years. He is the only candidate whose spending cuts exceed the amount of revenue lost by cutting taxes.”
What say all of you?
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Point Number 2: The deficit is an annual financial failure. The National Debt is the cumulative, total, financial failure. This article somehow finds a nine year deficit and no mention of the National Debt.
Who are these clowns?
A "Blame America First" foreign policy is a deal-breaker.
Not morons.....just evil.
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