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Romney Will Explode the Debt By Trillions

Unabogie

Philosopher
Unabogie
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So the common refrain during 2010 was that Tea Party folks were mainly concerned about the debt. Even though they were oddly silent during the Bush years, they were just boiling up the rage that exploded when the bank bailouts happened. But now they were mad. They weren't gonna take it anymore. And debt was an evil that must be stamped out for good.

Enter Mitt Romney.

His plan will add between $3 and $5 trillion dollars to the debt, depending on who you ask.

http://www.cbsnews.com/8301-503544_...sis-romney-tax-plan-strongly-favors-the-rich/

According to the Tax Policy Center, Romney's plan would add $900 billion to the deficit in 2015, when the changes would go into full effect. The group has also found that the 20 percent tax cut, combined with Romney's proposal to repeal the Alternative Minimum Tax, would add $3 trillion to the deficit over ten years - even if the Bush-era tax cuts and more recent tax cuts are extended. (That part of the analysis looked only at the impact of those two proposals, not Romney's tax plan overall.)
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So this is far beyond the current debt load. Romney won't say where he'd cut to offset this lavish tax cut, so we're left to speculate. It'd likely come from health care, education, and science research.

But so what, you may ask? Why don't I deserve a tax cut?

Well, most of the tax cut won't go to you. The vast majority will go to rich folks, yet again.

The analysis out Thursday from the Tax Policy Center, a joint venture of the Urban Institute and the Brookings Institution think tanks, finds that under Romney's plan the bottom 20 percent would see their average federal tax rate increase $149, or 1.3 percent.

The top 20 percent, meanwhile, would see an average tax cut of $16,134 -- a 5.4 percent reduction in their tax rate. The top one percent of earners would see their average tax rate fall by nearly $150,000 per year, and the top 0.1 percent would see a reduction of more than $725,000.
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So to recap, the poor will get a tax increase. The very rich will get a windfall. And the debt will balloon by $3-$5 trillion dollars. All while slashing the safety net and infrastructure in order to pay for it.

My question is: where is the Tea Party? Shouldn't they be manning the Medicare Scooters as we speak and warning Romney about the Constitution? Whither the tri-corner hats, I ask?
 
Romney will be the worst kind of Keynesian ever. Explode deficit by tax cuts to the rich and tax increases on the poor. And no public investment. Teachers are soooo over-rated.
 
Unabogie said:
It's my contention that Republicans were faking concern over the debt to mask their unreasonable hatred of Obama. I'm trying to demonstrate that fact. You're helping me. Put up a fight, at least?
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I think it's best to ignore trollish behavior, not reward it with a response.

Your post is spot on. For Republicans it's all about the meme, not the facts. They are not the big tent party. They are not the party of fiscal responsibility. They are not the party of smaller government. The facts of the past 40ish years prove it over and over again. As Rove dictates, keep selling the message and hope (and it's been proven true) that enough people will believe it and not smart enough to see through it. Is it any surprise the Republicans keeping railing against intellectuals?
 
Unabogie said:
So to recap, the poor will get a tax increase. The very rich will get a windfall. And the debt will balloon by $3-$5 trillion dollars. All while slashing the safety net and infrastructure in order to pay for it.
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Look on the bright-side: maybe we'll get an unnecessary war.
 
I do hope voters get a good side-by-side comparison of the effects of budget proposals by both candidates come debate season.
 
Kind of amusing... four years ago, I'd encounter any number of Republicans apologetic over W, big-spender and budget-buster even before the financial meltdown, saying "he's not actually a conservative."

And yet they seem prepared to do it all over again. All out of poorly-defined hatred for Obama. Don't give me that "lack of better candidates" either -- Romney would have been my distant fourth choice out of the field of folks who actually ran.
 
The analysis out Thursday from the Tax Policy Center, a joint venture of the Urban Institute and the Brookings Institution think tanks ...
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Pffft! Clearly those three organizations are nothing but lying liberal left-wing outfits and Democratic party shills! You can't trust anything they say.
 
Lets just hope this great country continues to have defeat for you foolish liberals. Its fun watching you lose so badly.
 
logger said:
Lets just hope this great country continues to have defeat for you foolish liberals. Its fun watching you lose so badly.
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:p You're not claiming Romney's a conservative by any chance, are you?

Who stands to lose, exactly?
 
Unabogie said:
It's my contention that Republicans were faking concern over the debt to mask their unreasonable hatred of Obama. I'm trying to demonstrate that fact. You're helping me. Put up a fight, at least?
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You'd be wrong in that theory, then. I'm sure there are some racist jackasses opposed to Obama no matter what, but these Tea Party people in general got their start because the Republicans started climbing in bed with the Democrats to skyrocket the debt under Bush.


They are a reaction not to the Democrats, of whom it's given they have a desire for the ever-leftward ratcheting of government bloat, but to the wing of the Republicans that's happy with massive spending increases. They're trying to drag the party back to fiscal responsibility, understood as borrowing "only" $200 billion a year.


I think a lot of the left doesn't realize that.






This thread is the second thing I've seen in as many weeks (Obama's speech being the other one) where the left is trying to gain purchase with the idea that "Well, the Republicans started this and will continue it anyway, so you might as well vote for us so we can be the spenders instead".

Transparently it's the latest left's Talking Point.



Well, the Republicans won't continue it...if the Tea Party gets its way.
 
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Beerina said:
...

This thread is the second thing I've seen in as many weeks (Obama's speech being the other one) where the left is trying to gain purchase with the idea that "Well, the Republicans started this and will continue it anyway, so you might as well vote for us so we can be the spenders instead".

Transparently it's the latest left's Talking Point.

...
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Now you are being really dishonest. Where has ANYBODY said that? Not here in this thread!

What we HAVE said is that Romney's positions are indistinguishable from those of the LAST "Moran" you guys installed as President, and you'd have to be stick-stone-bone stupid to think you can resume the policies of the that jug-eared sponge and get different results this time


moran.jpg

Typical Tea-Bagger
 
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R.Mackey said:
Kind of amusing... four years ago, I'd encounter any number of Republicans apologetic over W, big-spender and budget-buster even before the financial meltdown, saying "he's not actually a conservative."

And yet they seem prepared to do it all over again. All out of poorly-defined hatred for Obama. Don't give me that "lack of better candidates" either -- Romney would have been my distant fourth choice out of the field of folks who actually ran.
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And I bet that despite the musical chairs nature of the republican front runner status he is the only one who of the four who ever got front runner status?
 
Unabogie said:
So the common refrain during 2010 was that Tea Party folks were mainly concerned about the debt. Even though they were oddly silent during the Bush years, they were just boiling up the rage that exploded when the bank bailouts happened. But now they were mad. They weren't gonna take it anymore. And debt was an evil that must be stamped out for good.

Enter Mitt Romney.

His plan will add between $3 and $5 trillion dollars to the debt, depending on who you ask.

http://www.cbsnews.com/8301-503544_...sis-romney-tax-plan-strongly-favors-the-rich/

So this is far beyond the current debt load. Romney won't say where he'd cut to offset this lavish tax cut, so we're left to speculate. It'd likely come from health care, education, and science research.

But so what, you may ask? Why don't I deserve a tax cut?

Well, most of the tax cut won't go to you. The vast majority will go to rich folks, yet again.

So to recap, the poor will get a tax increase. The very rich will get a windfall. And the debt will balloon by $3-$5 trillion dollars. All while slashing the safety net and infrastructure in order to pay for it.

My question is: where is the Tea Party? Shouldn't they be manning the Medicare Scooters as we speak and warning Romney about the Constitution? Whither the tri-corner hats, I ask?
Click to expand...
Do you think the Tea Party conservatives are happy about Romney as the Republican nominee?


Shouldn't they be manning the Medicare Scooters
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Lucky you are not a politician. This remark would follow you. I am pretty confident if a remark like this was made by a republican it would be a sure sign that they hate the elderly and disabled. I suspect you would be at the forefront in the condemnation.
 
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