Spending is the problem

Spending is the problem

 

 

SPENDING IS THE PROBLEM: This chart prepared by Chairman Paul Ryan (R-WI) of the House Budget Committee was the subject of Speaker Boehner’s press conference today. It shows what happens to projected levels of tax revenue (green) if President Obama’s tax increases kick in (blue), and compares that with recent and projected spending trajectory (red).
As you can see, if the president gets his tax hikes, we still face a mountain of spending-driven debt.

Republicans have offered a solution that averts the fiscal cliff with spending cuts and reforming our tax code in ways the president previously supported. Unfortunately, Obama and Democrats want to punish small businesses with higher tax rates while increasing spending.
Even Erskine Bowles, Clinton’s former Chief of Staff, admits “We have to cut spending. Even if you raise the top rates back to the Clinton rates, that only creates about $400 billion over 10 years. That’s $40 billion a year. We have a trillion dollar a year deficit.”
Spending is the problem. Republicans want to make needed spending cuts; Democrats are silent. And that’s why there’s still no agreement on averting the fiscal cliff.

Get Free Email Updates!

Signup Now to Receive Updates and Alerts!

We will never give away, trade or sell your email address. You can unsubscribe at any time.

@stix1972

Owner of Stix Blog. Doug has been blogging for over 10 years, and can always be found on twitter. and the resident Code Monkey for The TMR Network

More in

5_272015_b3-crow-warm-sign-g8201_c0-428-1870-1518_s561x327

Tom Steyer, Pope Francis, and climate change hypocrisy

Steve FoleyMay 29, 2015
John-McCain-pointing-Reuters-640x480

ACU Slams McCain for Selectively Citing Ratings to Make Himself Look Better

Steve FoleyMay 29, 2015
FILE - In this May 11, 2003, file photo, Microbiologist Ruth Bryan works with BG nerve agent simulant in Class III Glove Box in the Life Sciences Test Facility at Dugway Proving Ground, Utah. The specialized airtight enclosure is also used for hands-on work with anthrax and other deadly agents. The Centers for Disease Control and Prevention said it is investigating what the Pentagon called an inadvertent shipment of live anthrax spores to government and commercial laboratories in as many as nine states, as well as one overseas, that expected to receive dead spores. (AP Photo/Douglas C. Pizac, File)

Regarding the Latest Anthrax Blunder

Steve FoleyMay 29, 2015
Stop-the-Obamacare-Nightmare-e1421280136219

Obamacare’s State Exchanges: ‘Overpromised And Under Delivered’

Steve FoleyMay 29, 2015
The-Smell-of-Napalm-in-the-Morning

I Love the Smell of Fossil Fuels in the Morning!

Steve FoleyMay 29, 2015
15-0528 Single mom

Everything You Need to Know About Baltimore, Chicago, and Detroit, in 51 Words

Michael BeckerMay 29, 2015

The Minority Report is a network of websites devoted to Conservative & Libertarian politics in the United States. In 2014 the network had over 20 million page views!

On this site you'll find posts & links to some of the best and most comprehensive center-right news and opinion on the net...

December 2012
M T W T F S S
« Nov   Jan »
 12
3456789
10111213141516
17181920212223
24252627282930
31  

Archives

Copyright © 2014 The Minority Report Network