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

11088822_10152349368007168_6477465210730444946_o

Amazing Chart: What U.S. Dealings with Iran and Saudi Arabia Really Look Like:

Steve FoleyMar 29, 2015
Outrage In Missouri Town After Police Shooting Of 18-Yr-Old Man

White Cops Harass the Wrong Unarmed Black Youth – Racism to the Core

Michael BeckerMar 29, 2015
15-0328 miley

Miley Cyrus Has Done Republicans a Favor: WHAT?

Michael BeckerMar 29, 2015
15-0328 Harry Reid

Feel Good Story of the Decade: Harry Reid Leaving!

Michael BeckerMar 29, 2015
dsny

Gramps’ Excellent Adventure

Frank McHaleMar 29, 2015
15-0328 Apple_I_Computer

Apple Solves Relationship Problems and Destroys the Need for Feminism

Michael BeckerMar 28, 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