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Title: Democrats Seize On McConnell's Plan To Add $4 Trillion To The Deficit With Tax Cuts
Source:
TPM
URL Source: http://tpmdc.talkingpointsmemo.com/ ... ion-to-the-deficit.php?ref=fpb
Published: Sep 16, 2010
Author: Brian Beutler
Post Date: 2010-09-16 01:17:23 by Brian S
Keywords: None
Views: 96
Comments: 2
While they're figuring out how to proceed themselves, Democrats are giddy about a damning new report: The tax cut plan proposed by Senate Minority Leader Mitch McConnell (and backed by the vast majority of the GOP) to make all of the Bush tax cuts permanent will add about $4 trillion to the deficit over 10 years. That's more than four times the cost of the deficit-financed stimulus bill, which Republicans cite as evidence of Democrats' fiscal recklessness. This is nothing new, per se. As TPM reported last month, both the Democratic and the Republican plans for addressing the Bush tax cuts will add trillions to deficits relative to current law -- i.e., letting all the tax cuts expire. But the Republican plan, or an approximation of it, creates hundreds of billions of dollars more debt than the Democratic plan. Either way, it's a recipe for future tax hikes, drastic spending cuts, or fiscal calamity. But amid the current political melee, Democrats are perfectly pleased to focus on the GOP plan alone. Expect them to make noise about this later today.
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#1. To: Brian S (#0)
We're going to get ALL of that- and worse- no matter *what* "plans" they come up with... Anyone who thinks otherwise is either ignorant or delusional. You can take that to the bank (until it collapses).
The current members of the "You're a worthless sack of shit" list includes WAR, calcon, e_type_jack-off, mad-dog (more like rabidly stupid), ibluafartsky and the fascism-shill no gnu taxes (aka 400 bucks, happyfunball, 50yardline, etc, etc.) If you're on the list, don't bother writing, 'cause you're a waste of flesh.
$4 trillion over 10 years? Chump-change compared to the $15 trillion over 10 years in Obama Admin and Democratic congress spending plans. Again, you libs lose.
Clinton and Cuomo are the true bandits who lit the fuse to this economic crisis we're now in. All in the name of getting more minorities in houses: http://libertysflame.com/cgi-bin/readart.cgi?ArtNum=12554
Either way, it's a recipe for future tax hikes, drastic spending cuts, or fiscal calamity.
Mad dog gets
"calibrated..."
#2. To: Brian S (#0)
While they're figuring out how to proceed themselves, Democrats are giddy about a damning new report: The tax cut plan proposed by Senate Minority Leader Mitch McConnell (and backed by the vast majority of the GOP) to make all of the Bush tax cuts permanent will add about $4 trillion to the deficit over 10 years.
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