David Stockman: Republicans "can't get the job done"

[damonm]

" you're exempting two-thirds of the budget and you're focusing only on non-defense discretionary, which actually is only about 500 billion or 15 percent of the budget, it's pretty obvious you can't get the job done," said David Stockman, a former adviser to President Reagan, in a recent interview with National Public Radio.

"Some economic analysts have said that if you do that, that by the year 2020, the government wouldn't have enough money to spend on anything except for Medicare, Social Security and defense if it's lucky," summarized interviewer Guy Raz. "Do you think that sounds about right?"

"Yes, I do," Stockman replied. "We couldn't afford the Bush tax cuts when they were put in in 2001, 2003. Now, we're - eight years later, we're trillions in additional debt later, we're two unfinanced wars later, we're a trillion dollars of stimulus spending later, 800 billion of TARP, so it's pretty obvious if we couldn't afford them back then, in no way, shape or form can we even dream about affording them now."

Whole article at http://www.rawstory.com/rs/2010/09/reagan-adviser-republicans-you-job-done/

[BrklynLiberal]

1. repukes who disagree with the current party line will get no voice in the repuke MSM

so their opinions will only be heard by those that already agree....and few if any minds will be changed.

[mikekohr]

2. WHY DO REPUBLICAN ECONOMIC PRINCIPLES EXPAND THE NATIONAL DEBT?

-The answer is simple mathematics. Reduced revenue + increased spending ='s increased debt-


?

(click to enlarge)
http://cedarcomm.com/~stevelm1/usdebt.htm

The two biggest promises of "Trickle Down Economics" are it's greatest failings. Proponents of "Trickle Down Economics” claim that tax cuts, skewed to the rich, will create jobs and increase tax revenues. The graph above disproves the latter claim. Job creation plummets under "Trickle Down Economics (see http://bureaucountydems.blogspot.com/p/job-growth.html )and nine of the last ten recessions have occurred under Republican leadership (see http://bureaucountydems.blogspot.com/p/history-of-recessions.html ).

Two things are certain to grow when a Republican is in the White House, unemployment and the National Debt.


By contrast, "Bubble Up" economnic priciples practiced by Democratic Administrations put people to work, rev up the economy, and balance the Nation's ledger books. Every time. No exceptions.

mike kohr
Bureau County Democrats (Illinois)
http://bureaucountydems.blogspot.com/p/national-debt.html

[butterfly77]

3. Kicked&Recommended...