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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsGOP presidential candidates' tax proposals would cause national debt to balloon
The economic proposals put forth by Republican presidential candidates Mitt Romney, Newt Gingrich and Rick Santorum would cause the national debt to swell.
Republican presidential candidate Ron Paul was the only candidate whose proposals would lower the national debt, according to a report released Friday.
The U.S. Budget Watch, a project of the non-partisan Committee for a Responsible Federal Budget, analyzed the impact the proposals made by the four candidates would have on the national debt through 2021.
The report breaks down how each part of the candidates' proposals would affect the national debt.
Link to study: http://crfb.org/document/primary-numbers-gop-candidates-and-national-debt
Link to article:http://www.masslive.com/politics/index.ssf/2012/02/gop_presidential_candidates_ta.html
JNathanK
(185 posts)Even if all the tax cuts created all those jobs that never seem to materialize, wouldn't someone have to be taxed at some point to pay off our debtors in a timely manner so they don't get pissed off and so were able to borrow money in the future. Maybe some people think we wouldn't need to borrow money, but that would really put us behind the 8 ball as a country. Its just like individuals with bad credit ratings. Their options are severely reduced if nobody wants to loan money to them because they've been deemed as untrustworthy.
I'm fiscally conservative, in a way. I think we should have a balanced, controlled budget, but to simply decide to stop taxing after the credit, that required high taxation, has been spent, is just fucking crazy.
I'm for being fiscally responsible, but not setting aside money to pay off loans you've already spent would be considered irresponsible in any other arena besides politics.
WCGreen
(45,558 posts)zbdent
(35,392 posts)exactly as they plan ...
Except the "fat" of the military budget ...