Quote:
Originally Posted by joeydb
From Drudgereport:
"Obama calls new taxes 'spending reductions in the tax code'"
http://blogs.wsj.com/washwire/2011/0...t/?mod=WSJBlog
Obviously, Obama reads Riot's rantings where "taxes are income" and "tax breaks are spending". Bass ackwards, par for the liberal course. |
And the "moderate Republican" course, too, btw (although those are now called "independents")
Quote:
As a result of these bipartisan efforts, America’s finances were in great shape by the year 2000. We went from deficit to surplus. America was actually on track to becoming completely debt-free, and we were prepared for the retirement of the Baby Boomers.
But after Democrats and Republicans committed to fiscal discipline during the 1990s, we lost our way in the decade that followed. We increased spending dramatically for two wars and an expensive prescription drug program – but we didn’t pay for any of this new spending. Instead, we made the problem worse with trillions of dollars in unpaid-for tax cuts – tax cuts that went to every millionaire and billionaire in the country; tax cuts that will force us to borrow an average of $500 billion every year over the next decade.
To give you an idea of how much damage this caused to our national checkbook, consider this: in the last decade, if we had simply found a way to pay for the tax cuts and the prescription drug benefit, our deficit would currently be at low historical levels in the coming years.
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The two political parties are the furthest apart, idealogically, they've been in some time. Obama clearly delineated the Democratic principles. The Republicans today have doubled-down on the Ryan plan, and are rushing to pass it through the House (although clearly it could never pass the Senate). It's a clear choice voters can make.