Results 1 to 1 of 1
  1. #1
    Retired !

    Join Date
    Feb 2009
    Local Union
    107
    Employer
    Retired - New Penn
    Location
    South Jersey
    Posts
    15,334
    Rep Power
    339

    Default Republicans and fiscal responsibility

    The Lie: Republicans have a plan to balance the federal budget and care deeply about fiscal responsibility.

    The Truth: The last Republican president who ever balanced the budget was Dwight Eisenhower.
    Say whatever you want. The jobs aren't there, the economy sucks, the deficit is out of control.
    The reality is none of those problems are the direct result of just one man.
    It's a combination of corporate greed with political paybacks throw in.
    Add in any political party that has decided not to compromise on anything and we have a stalemate.

    Between 1998 and 2000, President Bill Clinton’s Treasury Department paid off more than $360 billion in debt. As a result of 115 straight months of economic expansion that began after an increase in the top income tax rate — which was virulently opposed by the right — the huge deficits left by 12 years of Republican rule had been transformed into a surplus.

    Within months after taking office in the narrowest victory of nearly any U.S. president—by only one vote in the Supreme Court—George W. Bush had begun to turn that surplus back into deficits that grew and grew, despite funding two wars on emergency supplemental bills that were not figured into the budget.

    Vice-President Cheney laughed off the promises that the Bush tax breaks would pay for themselves and the budget would be balanced: “Reagan proved deficits don’t matter.” But deficits do matter to Republicans…whenever there is a Democratic president
    Do the deficits matter, or is it just writing on paper, creative accounting, smoke and mirrors ?

    Republicans have long abandoned any impulse to open a real discussion about the federal budget in hopes of distorting the debate. They’re attacking cuts that eliminate wasteful spending in Medicare, while proposing trillions in cuts that would do real damage. They’re blaming deficit spending for a bad economy that only deficit spending can help us to escape. They’re promising to balance the budget with Paul Ryan’s smile and the magic of trickle down economics.

    And how did that work out last time?

    The National Memo » The Big Lie of the Day: Republicans Balance Federal Budgets
    Last edited by fxstc07; 08-28-2012 at 04:43 PM.

 

 

Bookmarks

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88 89 90 91 92 93 94 95 96 97 98 99 100 101