GOP fiscal plan would raise debt $4 trillion: report

[babsbunny]

http://www.rawstory.com/rs/2010/09/gop-plan-raise-debt-4-trillion/


By Daniel Tencer
Wednesday, September 15th, 2010 -- 8:02 pm

The tax plan put forward this week by Republican leaders in Congress would add nearly $4 trillion to the national debt and would be offset only by a $300 billion spending freeze, a Washington Post analysis states.

While the cost of the Tax Hike Prevention Act of 2010 hasn't been calculated yet, the Post reports that a similar but "slightly more expensive" plan analyzed by the non-partisan Congressional Budget Office found it would cost $3.9 trillion over 10 years, making it roughly four times as expensive as the Democrats' health reforms, which will cost less than $1 trillion over the same period.