Republicans are proposing to increase the deficit by about $4 trillion in extending Bush's tax cuts

[Rosa Luxemburg]

e hypocricy of it all

They moan and whine about deficitis and here we are $4 trillion

That's what should go out on TV ads in big bold letters - Republicans want to spend an extra $4 trillion!

$4 trillion!!! Holy moly!

Thhttp://www.newsweek.com/2010/09/20/klein-the-tea-party-s-hypocrisy-on-taxes.html

[dkf]

1. Obama's plan is $3.2 trillion.

[Rosa Luxemburg]

4. Republicans is $4 trillion for the wrong reasons

[Kdillard]

2. That is what all our ads should say from now until Nov. The plan

is ridiculous.

[denimgirly]

3. Ideally, NO Tax Cuts for Anyone -- Its a waste

If anything hike taxes back up...they are crazy low..especially for the rich.

My fear is Obama and the rest of the weak democrats will buckle to the idiot republicans and give them somewhat of a tax cut relief for 1 more year. Here is hoping democrats get the balls to say no this time.

[mikekohr]

5. Graphs that Document the Growth in the National Debt, -it's all Republican, all the time-

THE LAST 3 REPUBLICAN PRESIDENTS HAVE ACCOUNTED FOR NEARLY 100% OF OUR INCREASE IN THE NATIONAL DEBT SINCE 1981


Every President, from Truman to Carter, steadily paid down the staggering debt that was run up in our fight against Nazi Germany and Imperial Japan. That pattern came to a screeching halt with Reagan/Bush and Bush. Clinton’s fiscal policy was a brief respite during this orgy of deficit spending.

Clinton balanced 5 budgets, which is 5 times as many balanced budgets as the last 5 Republican presidents combined.


President Obama, like President Clinton, inherited a sea of red ink and a recession from his predecessor. He, like President Clinton, recognizes the importance of getting America back to work and then getting our fiscal house in order.

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See National Debt Graph @: http://zfacts.com/p/318.html


WHY DO REPUBLICAN ECONOMIC PRINCIPLES EXPAND THE NATIONAL DEBT?
-The answer is simple mathematics. Reduced revenue + increased spending ='s increased debt-

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(click to enlarge)
http://cedarcomm.com/~stevelm1/usdebt.htm

The two biggest promises of "Trickle Down Economics" are it's greatest failings. Proponents of "Trickle Down Economics” claim that tax cuts, skewed to the rich, will create jobs and increase tax revenues. The graph above disproves the latter claim. Job creation plummets under "Trickle Down Economics (see http://bureaucountydems.blogspot.com/p/job-growth.html )and nine of the last ten recessions have occurred under Republican leadership (see http://bureaucountydems.blogspot.com/p/history-of-recessions.html ).

Two things are certain to grow when a Republican is in the White House, unemployment and the National Debt.


By contrast, "Bubble Up" economnic priciples practiced by Democratic Administrations put people to work, rev up the economy, and balance the Nation's ledger books. Every time. No exceptions.