Republican Cut Promises Instead Raise U.S. Deficits

[Harry Hope]

http://www.bloomberg.com/news/2011-01-07/republicans-promising-cuts-deliver-policies-that-would-raise-u-s-deficits.html

Jan 7, 2011

Republicans Promising Cuts Deliver Policies That Would Raise U.S. Deficits

By Catherine Dodge and Peter Cohn


U.S. House Republicans, who swept into power promising to rein in the federal deficit, have proposed policies in their first week that would make the shortfall worse.

Moves to repeal President Barack Obama’s health-care law and promises to extend Bush-era tax cuts and offer other breaks would add more than $1 trillion to the deficit over the next 10 years, based on reports from the nonpartisan Congressional Budget Office and the Joint Committee on Taxation.

In one of their first votes, Republicans changed anti- deficit rules to allow for tax cuts that aren’t paid for by savings elsewhere in the budget. New spending would have to be offset with cuts elsewhere, though tax increases to fund new programs would be prohibited.

“They are willing to increase the deficit if it comes as a result of things they want to do, specifically tax cuts,” said Stan Collender, a former congressional budget aide and now managing director of Qorvis Communications in Washington. “It’s a little disingenuous at best.”

_______________________________________________________

So what's new?

Harry

[malaise]

1. Listen Harry Hope - Cheney said deficits do not matter

That's the official ReTHUG line. Ignore the propaganda.

[KansDem]

2. Did we expect any different?

These yahoos are hellbent on destroying this country. Whatever made us think otherwise?

Repubs think of the corporations first and foremost.

[ladjf]

3. It does appear that the Republicans are consciously trying to

destroy America. If that is true, what is their gain for doing that? Money? If that, where are they going to live if America is one giant slum area?

[KansDem]

4. Perhaps it's all about the "New World Order"

They see the world as their "country."

After all, who would have anticipated Halliburton's move to Dubai? Apparently Vice-President Dick Cheney didn't mind his former employer moving its world headquarters to a foreign country of which two of the 19 attackers on 9/11 were citizens...