Tuesday, May 1, 2012

Reminder on the deficit

Republicans don't care about it. The always informative Jonathan Bernstein explains:

So let me get this straight. Republicans are currently blocking the extension of lower student loan interest rates because they insist on cutting a health care fund to pay for its cost. But when it comes to the Bush tax cuts, they continue to believe that no budget offsets are necessary to pay for them.
...
Here’s how the GOP War on Budgeting actually works. If Republicans are seeking increased spending on one of their priorities (such as defense), or are looking to cut taxes and decrease revenues, there’s no need (in their view) to offset either; whatever they’re demanding is simply an urgent national priority, end of story.

If, however, Democrats want a tax cut (such as on the payroll tax) or spending increase on one of their priorities, then suddenly it must be paid for — by more spending cuts in programs that Dems favor, which Republicans are always for, regardless of the budget situation. That’s why Republicans have twice eliminated “PayGo” budget rules that would require tax cuts to be paid for.

So remember, any time you hear a Republican talking about the deficit just substitute the word 'bullshit' for everything they are saying.

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