Excerpt
The foundation of the Republicans' "return to power" argument is a promise to reduce the federal budget deficit and rein in government spending. But in a major speech last week, the Republican House leader John Boehner made clear that this promise is at best a false one, and perhaps even qualifies as the "big lie" of campaign 2010.
In an updated new analysis, first reported by Sam Stein in the Huffington Post last week, NDN has shown that the plan Rep. Boehner outlined in his speech would increase the deficit by more than $4 trillion over ten years. Not only does his plan explode the deficit, but it only identifies $67 billion in cost savings over ten years, an amount less than the new interest on the debt his budget would generate. Billed as a major address by the man who would be Speaker, Rep. Boehner's speech, taken at face value, shows that the entire argument the Republicans are making this year is built upon a huge set of lies.
That the Republicans have no real plan to deal with the most difficult economic circumstances the US has faced in 70 years should come as no surprise. When last in power, wages and incomes for everyday people dropped, surpluses became historic deficits, global support for economic liberalization weakened, the world experienced a true global financial collapse, US automakers failed and the US entered into its worst recession since the Great Depression. By any measure the Republican's stewardship of the US economy in this past decade was among the worst performances by a party in power in all of US history.
Of course the GOP lies. That is what they do. The problem is they are VERY good at it AND at fomenting panic over the budget.
"It's no our fault. The Democrats and Obama did it." WRONG, it was the Republicans who dug the economic-hole we are in, for 8 YEARS.
No comments:
Post a Comment