Quote:
Originally Posted by SinsOfTheFlesh
So their plan is to reduce debt accumulation by $4T over 10 years. That works out to cutting spending by $400B per year. On a budget that is $1.6 in deficit. In other words, their plan doesn't even approach cutting the deficit in half, doesn't even reduce the deficit to spending levels when Bush was in office, and they plan to use their precious trump card - raising taxes on the rich - to do it.
So in other words, with their plan, we would still be miles away from any budget that bears even a vague resemblance to a balanced budget - and at the same time, their fallback to raising taxes would be gone. Brilliant.
Wow. How under-fucking-whelming can they get?
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The Republican's latest deal is only $2Trillion because they won't raise taxes on millionaires and billionaires. Obama has out-gamed the House Republicans like they were little kids. I look forward to watching the Republicans breaking their Grover Norquist pledges and being split down the middle.