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Sun Nov 11, 2012, 02:51 PM

When Republicans Say They Are Alarmed By Excessive Government Debt, They Are LYING To You

When Republicans Say They Are Alarmed By Excessive Government Debt, They Are LYING To You

by James Kroeger

There is one time when you can be absolutely certain someone is lying to you, and that is when their words are directly contradicted by their actions.

The Republicans have been blaming the Democrats for excessively high levels of government borrowing in recent years, but it was actually their own actions during the Bush Administration that were/are responsible for virtually all of the borrowing that they decry.

The single biggest reason why the federal government had to borrow hundreds of billions of dollars during Obama's first term was not because the Democrats had increased government spending dramatically---they did not---but was only because the Republicans under George Bush had reduced the tax 'burden' of America's wealthiest income-earners dramatically.

If the Republicans had not cut the tax rates of rich Americans a decade ago the total amount of revenues the federal government would have collected since that time would have been so substantial (one estimate: $5.9 trillion) that very little borrowing would have been necessary to cover the government's spending throughout Obama's first term.

The 'Debt Crisis' that Congressional Republicans complain about with such passion was created---without any doubts whatsoever---by the tax cut gift that The Republican politicians decided to give to themselves and their wealthy friends in 2001 and 2003. It was the drop in revenues that this stupid move caused which forced the federal government to begin borrowing billions of dollars in order to pay it's bills.

That is where the Debt Crisis started, with the irresponsible behavior of self-serving Republican politicians. Since the government needed to continue its spending levels (and even increase them after Bush started a war with another country), the tax cut gift to rich people was 'paid for' by borrowing from the Chinese, among others.

This is the reason why, when Republican politicians say they are opposed to the government piling up huge debts for the next generation to pay off, we can know with certainty they are lying...because it is more than obvious that if they were really concerned about 'excessive' levels of government debt, they would never have agreed to cut the taxes of people who never needed a tax cut to begin with.

If they were actually serious about the concerns they claim to have, they would unquestionably have agreed to repeal the tax cuts they passed in 2001 and 2003, once it became clear in Bush's second term that the cuts were not stimulating job growth.

That is the ONLY way a tax cut could conceivably lead to an increase in tax revenue, if it directly led to more jobs being created. More jobs means more people paying taxes and more tax revenues collected. It is the way that tax cuts are supposed to 'pay for themselves.' But it didn't happen. The Grand Republican Tax Cut Experiment was tried, and it failed.

Once it became clear that their promises were little more than wishful thinking, the Republicans did not do what we would expect honorable, responsible politicians to do: restore the higher rates that they had slashed.

They did not do such a rational thing because the truth about these people is that they really don't care if the government has to borrow hundreds of billions of dollars, so long as the lion's share of those borrowed billions is put into the pockets of their wealthiest financial contributors.

And throughout this debate, we're not talking about restoring the top tax rate to a level that is so onerous and 'incentive-shattering', businesses would no longer have any reason to hire people. The last time the nation enjoyed those higher tax rates was during the Bill Clinton Presidency, when a long period of economic growth and prosperity lowered the national unemployment rate below 4%.

Listening to a Republican politician complain about government borrowing is like listening to a stage-three alcoholic complain about 'drug users.'

Could someone please inform Harry Reid and all the other Congressional Democrats that the appropriate way for a Democratic politician to respond to Congressional Republican complaints about government borrowing is with laughter & ridicule?

Absolutely no legitimacy whatsoever should be granted to these people. We're not talking about an honest difference of opinion. We're talking about an utterly discredited economic philosophy that is deserving of only laughter and scorn. Joe Biden knows what I'm talking about.

Their screwball ideas are actually a Great Threat to the American People. They want to talk about the government's Debt Crisis? Let them first undo what they did a decade ago to create the crisis and then come back to the Democrats to talk about what government spending levels are actually appropriate.

If Barack Obama has learned anything from his first four futile years of trying to compromise with the Masters of Hypocrisy, it should be that they never intend to negotiate in good faith with any sitting Democratic President.

Every time the Republicans bring up the federal government's debt burden, Obama must use it as an excuse to once again remind the electorate that the Republicans created the Debt Crisis through their irrational and extremely irresponsible use of the government's power.

Different Republican voices will articulate those phony concerns again and again, but every time they do, Obama should welcome it as another opportunity to review the actual record of Republican stupidity and irresponsibility.

If we can make Congressional Republicans the object of constant ridicule, increasing numbers of Not-Rich Republicans will no longer see anything they want to identify with...

http://www.dailykos.com/story/2012/11/11/1160238/-When-Republicans-Say-They-Are-Alarmed-By-Excessive-Government-Debt-They-Are-LYING-To-You






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Kos Media, LLC Site content may be used for any purpose without explicit permission unless otherwise specified


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Reply When Republicans Say They Are Alarmed By Excessive Government Debt, They Are LYING To You (Original post)
ProSense Nov 2012 OP
abelenkpe Nov 2012 #1
Still Sensible Nov 2012 #2
ck4829 Nov 2012 #3
byeya Nov 2012 #4
ailsagirl Nov 2012 #15
reformist2 Nov 2012 #5
MineralMan Nov 2012 #6
LiberalAndProud Nov 2012 #7
Igel Nov 2012 #11
LiberalAndProud Nov 2012 #12
11 Bravo Nov 2012 #8
zinnisking Nov 2012 #9
ailsagirl Nov 2012 #10
RepublicansRZombies Nov 2012 #13
HiPointDem Nov 2012 #14
DCKit Nov 2012 #16

Response to ProSense (Original post)

Sun Nov 11, 2012, 02:53 PM

1. K&R nt

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Response to ProSense (Original post)

Sun Nov 11, 2012, 03:12 PM

2. K & R

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Response to ProSense (Original post)

Sun Nov 11, 2012, 03:18 PM

3. When Republicans had power, the debt was dismissed as money we owe ourselves and by crazy accounting

For some reason, it only seems to be a 'crisis' when a Democrat has power. Odd.

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Response to ProSense (Original post)

Sun Nov 11, 2012, 03:19 PM

4. And because the Republicans trashed the economy, economic activity is down, hence the

 

extra spending for unempolyment benefits and loss of tax revenue.

If there had been more of a stimulus rebuilding the infrastructure instead of giveaways to the bankers, more people would have had jobs and the country, as a whole, would be in better shape and we'd be growing the economy at a faster rate and the debt in proportion to the GDP would be rapidly shrinking.

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Response to byeya (Reply #4)

Mon Nov 12, 2012, 11:15 AM

15. There's no getting around it

The repukes are squarely to blame for the mess the country is in. First they trashed it and, if that wasn't bad enough, they refused to do ANYTHING to repair the damage. It's beyond belief. And they have the GALL to ask us why we 'hate America.' There is definitely something 'mental' going on with them and how I wish we could oust each and every one.

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Response to ProSense (Original post)

Sun Nov 11, 2012, 03:21 PM

5. If they truly cared, they would have voted for tax increases by now.

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Response to ProSense (Original post)

Sun Nov 11, 2012, 03:32 PM

6. The Republicans Built That.

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Response to ProSense (Original post)

Sun Nov 11, 2012, 03:43 PM

7. During the Bush years I often wondered why Democratic reps didn't howl

over the debt increases. We have too long allowed the other side to label us as the tax and spend party. The Republican party has never delivered on spending cuts to offset their tax breaks because such a thing is not possible without draconian cuts in every sector, including the military. This pattern *has* laid an unfair burden on our children and their children. Regardless of lip service, Republican administrations give not one particle of care for our future generations -- not for the planet they will live on and not for the debt we have bequeathed to them. Bush's trifecta excuse doesn't pass the smell test when you consider the massive profits defense contractors like Haliburton reaped as our debt mountain continued to swell over his entire eight year pResidency. And don't get me started on the damage Reagan managed to inflict on our progeny.

Their goal is to strangle government with unmanageable debt while lining their own pockets from the looting. I wish they would be held accountable.

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Response to LiberalAndProud (Reply #7)

Sun Nov 11, 2012, 05:02 PM

11. They did.

Pelosi ran on a balanced budget platform and said she'd push for it. Obama argued that the deficit in 2008 was too high and wanted to reduce it.

The economic stimulus that Congress approved in early 2008 was scaled back under (D) fire because the deficit was too high. It was viewed as providing short-term help to the economy. Most predicted its influence would wane by August or September of 2008. Which is when it did wane. We promptly forgot about that particular stimulus.

We heard (D) talk of recession caused by deficits in 2006-2008.

Much was just anti-* banter.

We also saw (R) complaining about the deficit. It's not like either side was monolithic on this point. The largest deficit was $450 billion or so. The smallest in the late 2000s was something like $280 billion.

In 2005 it was clear that the elimination of the projected surplus had 3 causes, each of which was individually sufficient--tax cuts, war, and recession. The deficit was from the other two. They were all roughly equal at the time, and simultaneous. Pick and choose which gobbled the "surplus" and which produced the deficit.

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Response to Igel (Reply #11)

Sun Nov 11, 2012, 05:13 PM

12. They muttered, they didn't howl.

Still all was forgiven because Bush came with the right party ID. I am convinced that the oligarchs crashed the economy intentionally to tie the new administration's hands because they knew that the bills were coming due. The stimulus couldn't be big enough because the wealthy must be pampered and their skim protected. In the end, it feeds anti-government sentiment so it works out well for those with deep pockets, regardless of elections.

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Response to ProSense (Original post)

Sun Nov 11, 2012, 04:05 PM

8. When the Republicans say ANYTHING, they are lying to us!

They're Republicans. It's what they do!

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Response to ProSense (Original post)

Sun Nov 11, 2012, 04:30 PM

9. I have a better article that gives actual numbers

I love to give this link out to republicans ad nauseam because it maps out the years Republicans controlled all branches of govt. and it comes from a libertarian web site.

________

Bush the Budget Buster
When it comes to spending, Bush is no Reagan. Alas, he is also no Clinton and not even Nixon.
October 19, 2005

After five years of Republican reign, it's time for small-government conservatives to acknowledge that the GOP has forfeited its credibility when it comes to spending restraint.

*snip*

Table 1 compares the percentage change in inflation-adjusted discretionary, defense and nondefense spending over the first five budgets of Johnson, Nixon, Reagan, Clinton, and Bush 43 (the figures for the latter incorporate the recent mid-session review estimates). Table 1 makes it clear that Bush has been a big spender across the board.

Total real discretionary outlays will increase about 35.8 percent under Bush (FY2001-06) while they increased by 25.2 percent under LBJ (FY1964-69) and 11.9 percent under Reagan (FY1981-86). By contrast, they decreased by 16.5 under Nixon (FY1969-74) and by 8.2 percent under Clinton (FY1993-98). Comparing Bush to his predecessors is instructive. Bush and Reagan both substantially increased defense spending (by 44.5 and 34.8 percent respectively). However, Reagan cut real nondefense discretionary outlays by 11.1 percent while Bush increased them by 27.9 percent. Clinton and Nixon both raised nondefense spending (by 1.9 percent and 23.1 respectively), but they both cut defense spending substantially (by 16.8 and 32.2 percent).

Bush and LBJ alone massively increased defense and nondefense spending. Perhaps not coincidentally, Bush and LBJ also shared control of the federal purse with congressional majorities from their own political parties. Which only makes Bush's performance more troubling.

http://reason.com/archives/2005/10/19/bush-the-budget-buster

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Response to ProSense (Original post)

Sun Nov 11, 2012, 04:44 PM

10. I pretty much have learned to disregard everything they say

"A liar will not be believed, even when he speaks the truth."
== Aesop

And another gem


"No man has a good enough memory to be a successful liar."
== Abraham Lincoln


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Response to ProSense (Original post)

Sun Nov 11, 2012, 05:27 PM

13. If they cared about the debt, and they cared about the Constitution and Big Government

 


They would support this

Why don't we cut Homeland Security, TSA, Drug War
http://www.democraticunderground.com/10021791902

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Response to ProSense (Original post)

Sun Nov 11, 2012, 05:36 PM

14. kr

 

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Response to ProSense (Original post)

Mon Nov 12, 2012, 03:16 PM

16. Preaching to the chior.

 

They make money either way.

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