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President Obama had a great riff last night, about the R's and how they view that other R-word: Revenues ...

Now, our friends at the Republican convention were more than happy to talk about everything they think is wrong with America, but they didn’t have much to say about how they’d make it right.  They want your vote, but they don’t want you to know their plan.  And that’s because all they have to offer is the same prescription they’ve had for the last thirty years:

“Have a surplus? Try a tax cut.”

“Deficit too high? Try another.”

“Feel a cold coming on? Take two tax cuts, roll back some regulations, and call us in the morning!


Great description of the Republicans' Tax-phobia there -- and with a very memorable punch-line too.


Got the Tea Party blues?

Take two tax cuts ... and call us in the morning!


Never mind that Revenue-raising is proscribed by the Constitution -- if we actually did everything Republicans wanted about Tax Cuts ... Where would that leave the Country?

In a word, we'd be left in Republican Shambles.

Been there. Done that.    No, thank you, Republicans ... Thanks, but No Thanks.


I had a conversation with an Indie friend of mind yesterday, and he brought up the R-word -- the Republicans' idiotic fear of ever, ever Raising Revenues.


For instance, my friend said, IF we actually did everything the Republicans wanted -- cut ALL govt spending, without ever raising a dime of Revenues

-- THAT STILL wouldn't pay off the dreaded Republican Debt Clock.  Not in this lifetime.


And without any Revenues in Republican-land, how is the Economy supposed to "grow our way out it" -- with NO Government Services to support all that economic activity, in the meantime?


My Indie friend went on say that the Republicans' prescription for just more, more, Tax Cuts -- without ever even discussing the need to increase Revenues, to pay off our Debts, to support the society and economy we want

-- is just plain Stupid!    Because what the Republican are prescribing "Just Doesn't Add Up!"



Arithmetic.  Yep Bill Clinton was onto something there. Because it seems most Americans can still Add.




Originally posted to Digging up those Facts ... for over 8 years. on Fri Sep 07, 2012 at 05:33 AM PDT.

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Comment Preferences

  •  Tip Jar (6+ / 0-)


    Are you ready to Vote? Are you still 'allowed' to Vote?
    -- Are you sure?

    by jamess on Thu Sep 06, 2012 at 09:38:38 PM PDT

  •  More interested in the "F-word"... Facisism...;) (1+ / 0-)
    Recommended by:
    jamess

    spot on, Mr President! ...;)

    Dudehisattva...

    "Generosity, Ethics, Patience, Effort, Concentration, and Wisdom"

    by Dood Abides on Thu Sep 06, 2012 at 10:02:14 PM PDT

  •  The arithmetic says that you have to do both (2+ / 0-)
    Recommended by:
    nextstep, jamess

    raise revenues AND cut spending.  There are some people on both sides in denial, I think.  

    Republicans fail to recognize that we have to bring revenues back up to about 18% - 19% of GDP (It's now roughly 15%).

    Some Democrats fail to recognize that you have to bring spending down to about 20% or 21% of GDP (It's now around 24%).  

    That's the thing Simpson  Bowles recognized -- you have to raise more revenue (preferably by reforming the tax code rather than simply by raising marginal rates), and you have to cut spending.  You have to do both.

    •  I seem to recall (0+ / 0-)

      a Grand Bargain

      with something like 4 to 5 trillion in spending cuts

      vs about 1 trillion in new Revenues.

      .
      .

      and Zer-oe in new Revenues, actually agreed to.


      It seems to me President Obama is quite willing to cut spending.

      I've felt in my paycheck the last few years,
      and in the down-sizing of our Federal staff too.


      Are you ready to Vote? Are you still 'allowed' to Vote?
      -- Are you sure?

      by jamess on Fri Sep 07, 2012 at 08:00:45 AM PDT

      [ Parent ]

      •  jamess - the GOP is reluctant to bargain (0+ / 0-)

        because historically the revenue increases have been immediate and the cuts have been scheduled off into the future and many never materialize. Each session of Congress can only mandate changes in spending during its session, it can't compel a future session of Congress to cut future spending. I do think there are some Republicans who will vote for enhanced revenue, most likely through tax reform, but they will want the actual current session spending cuts to trigger the revenue increases.

        "let's talk about that"

        by VClib on Fri Sep 07, 2012 at 03:33:33 PM PDT

        [ Parent ]

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