GOP Pledges To Make Deficits Even Worse!!!

by Ben Hoffman

The “Pledge to America” talks about the need to cut spending. But as far as I can see, there’s only one specific cut proposed — canceling the rest of the Troubled Asset Relief Program, which Republicans claim (implausibly) would save $16 billion. That’s less than half of 1 percent of the budget cost of those tax cuts. As for the rest, everything must be cut, in ways not specified — “except for common-sense exceptions for seniors, veterans, and our troops.” In other words, Social Security, Medicare and the defense budget are off-limits.

Howard Gleckman of the nonpartisan Tax Policy Center has done the math. As he points out, the only way to balance the budget by 2020, while simultaneously (a) making the Bush tax cuts permanent and (b) protecting all the programs Republicans say they won’t cut, is to completely abolish the rest of the federal government: “No more national parks, no more Small Business Administration loans, no more export subsidies, no more N.I.H. No more Medicaid (one-third of its budget pays for long-term care for our parents and others with disabilities). No more child health or child nutrition programs. No more highway construction. No more homeland security. Oh, and no more Congress.”

Read more…

The Republicans have no ideas that will make America better. They just want to run our country even further into the ground.

3 Comments to “GOP Pledges To Make Deficits Even Worse!!!”

  1. The defense budget part amazes me. Our defense budget make up a whopping FORTY THREE PERCENT of total global defense expenditures. Our defense spending as a proportion of GDP is more than double the worldwide average and far higher than what is found in other developed nations.

    Why is this? Because we see ourselves as “defender of the free world” – that is why. Perhaps we should be asking South Korea and Japan and Germany to pay for a bit more of their own defense. I wonder how that would go over?

  2. So after spending 3+ trillion in less than two years, now they want to get “religion” 🙂
    Someone want to call it a death-bed conversion…:)

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