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Tag Archives: Deficits

Both Sides of His Mouth

The Republicans seem to be spending more time trying to avoid blame for the sequester than on, you know, trying to actually passing a budget. They are mainly doing this by trying to claim that the sequester was Obama’s idea. However, Paul Ryan, the recent Republican candidate for vice president, has been strongly promoting the […]

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Can the Party of No Ever Say Yes?

Or are they just going to keep cutting off their noses to spite their faces? Ezra Klein sums up the current sequester situation well. Republicans have five goals/demands: Reduce the deficit. Cut entitlement spending. Protect or increase defense spending. Get rid of unnecessary deductions and loopholes in the tax code. Lower tax rates. Now, I […]

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Going Platinum

© Ruben Bolling I’m not totally sure if the originators of the idea of the US minting a trillion dollar coin were serious, but a former head of the US mint claims that the idea would work and would be totally legal. Then for an added twist of irony, Fox News once again shows that […]

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Battles in the Class War

Paul Krugman on the Fiscal Cliff deal: The centrist fantasy of a Grand Bargain on the budget never had a chance. Even if some kind of bargain had supposedly been reached, key players would soon have reneged on the deal — probably the next time a Republican occupied the White House. For the reality is […]

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Don’t Look Down!

© Jeff Stahler Today is the last day to avert going over the “fiscal cliff”. Whee!

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Excessive Excavation

© Clay Bennett Taxes are at historic lows since WWII. And we did pretty well while taxes were high. Why is letting them go back up to where they were during the Clinton administration such a issue? Yes, our population is aging, and this will be a problem for Social Security and Medicare, but the […]

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Balance

© Tony Auth Republicans have already broken Grover Norquist’s pledge by offering to close tax loopholes, so why are they so dead set against letting the Bush tax cuts for the rich expire? Those tax cuts were never supposed to be permanent, and there are many wealthy people who think their taxes should go up. […]

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The Final Frontier

Great (and short) blog post from George Takai — “Tax Me, Please“.

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A Fiscal Cliff of Metaphors

© Matt Bors Will politicians take a sound bite out of the $#!* sandwich?

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Loophole, or Lifeline?

Republicans now say that they are willing to “compromise” by raising revenue in addition to cutting services, but they want to raise revenue by closing tax loopholes rather than raising tax rates. This is a hypocritical smokescreen rather than an honest proposal. Politico has an interesting article “Tax loopholes alone can’t solve fiscal cliff“, which […]

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Broken Record

© Mike Thompson Even Republicans who are pretending to want to compromise are saying they will only do it only if the Democrats agree to “entitlement reform“, which is their code phrase for cutting Medicare and Social Security. This is their plan for gaining popularity? Or just a ploy so they won’t be blamed when […]

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Thanks, but no Tanks

Who could resist an article — from CNN of all people — with a headline of “Thanks but no tanks”? Not me, obviously. Good thing the article is definitely worth a read. It details how the same Congress that is screaming about deficits is insisting that the military spend $181 million for tanks that the […]

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Big Lie

[LOLGOP has a great rant about Republicans and budget deficits. Enjoy! –iron] The Big Lie of the Day: Republicans Balance Federal Budgets The Lie: Republicans have a plan to balance the federal budget and care deeply about fiscal responsibility. The Truth: The last Republican president who ever balanced the budget was Dwight Eisenhower. Between 1998 […]

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What Kind of an Irresponsible Lunatic is Paul Ryan?

How can we trust one of the people who helped run up our massive deficit in the first place to fix the problem? Especially when his proposed budget would make the deficit even larger. What kind of irresponsible lunatic would put Paul Ryan a heartbeat away from the presidency? So why did Romney pick Ryan? […]

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In the Tank

The US military has lots of M1 Abrams tanks — more than 2,300 deployed around the world, and 3,000 more in storage at a remote military base in California. But they have a problem — the M1 has a flat bottom that makes it vulnerable to improvised explosive devices (IEDs) that are so popular in […]

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