Friday, September 24, 2010

GOP's Bogus "Pledge to America" doesn't pass 8th grade arithmetic

The GOP Pledge: increase the deficit by trillions of dollars and take health-care insurance away from tens of millions of people.

The party of NO becomes the party of nonsense. It must be difficult for any thinking person to be a Republican these days.

As House GOP leader John Boehner said, "We're not going to be any different than what we've been." That's reassuring.

More.... here and here.

In essence, what they [the GOP] say is, “Deficits are a terrible thing. Let’s make them much bigger.” The document repeatedly condemns federal debt — 16 times, by my count. But the main substantive policy proposal is to make the Bush tax cuts permanent, which independent estimates say would add about $3.7 trillion to the debt over the next decade — about $700 billion more than the Obama administration’s tax proposals.
-- Paul Krugman, award winning economist


UPDATE:
GOP pledge
fails the Fact Check.

No comments: