Skip to main content

View Diary: If you really want to fix the deficit, elect a Democratic Congress!!! (30 comments)

Comment Preferences

  •  Where is the payroll tax cut ... (3+ / 0-)
    Recommended by:
    Jerry J, mikepridmore, Lujane

    in the chart of Obama's policies? Was that free, and if so, how do we make other tax cuts free?

    Congress shall make no law abridging the right of the people peaceably to assemble.

    by edg on Wed Aug 29, 2012 at 01:37:12 PM PDT

    •  In Ezra's explanation (2+ / 0-)
      Recommended by:
      coffejoe, Judge Moonbox

      of the graphs, which is here, he specifically mentions the payroll tax cuts as part of Obama's spending, though it isn't exactly clear where in the graph it is included.  So, no, the payroll tax cut was not considered free.  Here is the paragraph where he mentions it:

      In total, the policies Obama has signed into law can be expected to add almost a trillion dollars to deficits. But behind that total are policies that point in very different directions. The stimulus, for instance, cost more than $800 billion. So did the 2010 tax deal, which included more than $600 billion to extend the Bush tax cuts for two years, and hundreds of billions more in unemployment insurance and the payroll tax cut. Obama’s first budget increased domestic discretionary spending by quite a bit, but more recent legislation has cut it substantially. On the other hand, the Budget Control Act — the legislation that resolved August’s debt-ceiling standoff — saves more than $1 trillion. And the health-care reform law saves more than $100 billion.

      The ...Bushies... don't make policies to deal with problems. ...It's all about how can we spin what's happening out there to do what we want to do. Krugman

      by mikepridmore on Wed Aug 29, 2012 at 02:16:20 PM PDT

      [ Parent ]

    •  It's in the charts: (3+ / 0-)
      Recommended by:
      mikepridmore, coffejoe, Lujane

        Labeled on the side: as Extensions.

Subscribe or Donate to support Daily Kos.

Click here for the mobile view of the site