August 2011

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Wednesday, July 6th, 2011 05:46 am
GOP seems to be approaching the debt/deficit question from a philosophical perspective. Everyone else is using math.

(Found on Twitter)
Wednesday, July 6th, 2011 11:23 pm (UTC)
About the only math I am seeing involved is:
Spending > Revenue
Thursday, July 7th, 2011 05:44 am (UTC)
I think the best way is about 3-4 dollars in cuts, for every dollar of new revenue.

There are so many easy to cut tax loopholes we can get rid of, without increasing the overall taxation rate.
Thursday, July 7th, 2011 08:41 am (UTC)
The problem is that it is not in Obama's interest to cut spending.
Thursday, July 7th, 2011 05:51 am (UTC)
Could you link me? I'm curious now.
Thursday, July 7th, 2011 06:09 am (UTC)
I didnt catch who tweeted it, and its far enough back in my timeline that I'm not sure I can find it.
Sunday, July 10th, 2011 01:06 pm (UTC)
The two logical ways to reduce the deficit are to reduce spending and increase revenue. Cutting taxes reduces revenue, and works counter to reductions in spending. Despite the GOP's claim that tax cuts promote economic growth, historical evidence actually runs contrary to this. So yes, philosophy vs. math and evidence.