Posted by JM Ashby
Economists have drawn a blank, the average citizen doesn't understand, and even the media is now trying to figure out how the Republicans plan to "get serious" about the deficit without cutting defense or increasing taxes. This is something that should have been paid more attention during the 2010 campaign season, but better late than never.
So how exactly are they going to do it? Simple. Cook the books.
WASHINGTON – Democrats are accusing newly empowered House Republicans of exempting more than $1 trillion in proposed tax cuts and higher spending over the next 10 years from a promise to cut federal deficits.
The exemptions include a bill to repeal last year's health care legislation as well as GOP-backed proposals extending a series of tax cuts for upper income filers that are due to expire in two years, according to a tally several Senate Democrats were to present at a midmorning new conference Thursday.
Oh! Ok. So the promise to cut federal deficits doesn't necessarily include $1 Trillion in tax breaks and higher spending over the next decade? Would the Republicans make room on their list of exemptions for more economic stimulus or more job-creating legislation? Oh that's right, the Republicans believe cutting taxes is job-creating legislation.
Mr. Boehner where are the jobs?