Boehner, Fake Deficit Hawk that he is, would add approximately $3.7 trillion to our deficit over the next ten years if his economic proposals were followed.
Yes indeed, House Minority Leader, John Boehner, aka Orange Man, is one of the biggest and dumbest of the fake deficit hawks, and my opinion of this dunce was once again borne out when he gave an economic address in Ohio this week. Via Huffington Post:
House Minority Leader John Boehner (R-Ohio) was short on specifics during his much-touted economic address in Cleveland this week, promising to offer a more detailed plan as the election approached.
But the Ohio Republican did outline some ideas about how President Obama could restructure both his White House staff and the economy. And in a subsequent report analyzing his suggestions -- which included the firing of top economic advisers -- the progressive think tank NDN estimates that the plans could exacerbate the deficit by roughly $3.7 trillion over the next ten years.
NDN is, obviously, not an un-biased source in the debate. But they base much of their data on non-partisan indicators. Boehner's suggestions stand little chance of becoming law. They were offered, primarily, as a counterpoint to the agenda that the president is pushing. But NDN's President and Founder Simon Rosenberg makes the case that in a year when deficit reduction is a cause celebre, Democrats would be well served, simply, by highlighting the numbers.
You can read the full report of Boehner’s plan to increase the deficit by $3.7 trillion on Huffington Post.
Most conservatives have been very concerned about America's sky high deficits. They believe they are a dire and urgent threat to the country's future. So when an opportunity presents itself to cut that deficit massively in one fell swoop you'd think they would jump at the chance, right? But they haven't.
You see, George Bush's massive tax cuts are the single largest chunk of our structural budget deficit.
Take a look at this chart. It shows the deficit growth over the next ten years, and the red stripe shows just how much those Bush tax cuts add to the deficit. Well, those tax cuts are due to expire at the end of the year. Were the tax cuts to expire, the budget deficit would instantly shrink, by about 30% or more than $300 billion dollars.
But Republicans are now adamantly opposed to any expiration of the Bush tax cuts, because, they say, that would weaken the economy. But wait a minute. They have been arguing for the last year that what's weakening the economy most is the prospect of unending budget deficits.
We need to pinch pennies these days. Don’t you know we have a budget deficit? For months that has been the word from Republicans and conservative Democrats, who have rejected every suggestion that we do more to avoid deep cuts in public services and help the ailing economy.
But these same politicians are eager to cut checks averaging $3 million each to the richest 120,000 people in the country.
What — you haven’t heard about this proposal? Actually, you have: I’m talking about demands that we make all of the Bush tax cuts, not just those for the middle class, permanent.
Some background: Back in 2001, when the first set of Bush tax cuts was rammed through Congress……
The related charts are telling. And Boehner’s plan to increase our deficit by $3.7 trillion is nothing more than a hideous joke which could become a fact of life if Republicans regain control of Congress in November.
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