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What, No Deficit?

What exactly will Rubio, Republicans and Rand Paul talk about all day as the deficit shrinks?

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And more government isn’t going to inspire new ideas, new businesses and new private sector jobs. It’s going to create uncertainty.

Do Taxes Hurt The Economy?

One line of Rubio’s stands out: “Because more government raises taxes on employers who then pass the costs on to their employees through fewer hours, lower pay and even layoffs.”

With this Rubio is trying to scare people who are worried about jobs. Business taxes are on profits. Good businesses employ the right number of people, so a company that is making profits isn’t going to reduce staff or hours. That is simply preposterous to anyone who has ever run a business.

Making Things Up

Rubio claimed that President Obama “created more debt in four years than President Bush created in eight.” Huh? Look at the charts at the top of this post.

He talked about “the President’s devastating cuts to our military.” Huh? What?

He proposed privatizing Medicare and replacing it with vouchers.

He went on with the old cutting taxes actually raises revenues scam — saying we need to cut taxes so we can grow our economy and that is how we will pay off debt. Huh?

Sen. Rand Paul

Kentucky Senator Rand Paul gave  the other Tea Party Republican response.

Summary of Paul in the second Tea Party response: “We’ve got deficit and big government trouble right here in river city…”

Along with the usual Tea Party anti-government, anti-tax rant he called for welcoming immigrant, and cutting military spending.

Paul said that our spending and deficit path is “unsustainable.” (see charts above.)

“The President seems to think the country can continue to borrow $50,000 per second. The President believes that we should just squeeze more money out of those who are working.” (see charts above.)

Anti-government: “Ronald Reagan said, government is not the answer to the problem, government is the problem.
Tonight, the President told the nation he disagrees. President Obama believes government is the solution: More government, more taxes, more debt.”

Again, substitute variations for “We, the People” for “government” and see what you get. He is calling for less decision-makig by We, the People, less We, the People doing things to make our lives better, so that the wealthy billionaires can have lower taxes…

Paul not only called for the sequestration to go into effect, he wants the amount raised to $4 trillion in cuts, “to avoid another downgrade of America’s credit rating.” But the previous downgrade was noot because of defcitis or debt, it was because Republicans had held the debt ceiling hostage and no country that threatens to default on its debt deserves a top credit rating.

Paul also pulled out the old “government should be like a family budget” trick. “Washington acts in a way that your family never could – they spend money they do not have, they borrow from future generations, and then they blame each other for never fixing the problem.” But this falls apart because a family doesn’t react to a budget problem by quitting a job, by taking kids out of school or by tearing down the house. A family tries to get a raise, maintain the hose, and helping the kids get good educations.

Paul’s “Penny Plan:” “Liberals complain that the budget can’t be balanced but if you cut just one penny from each dollar we currently spend, the budget would balance within six or seven years.” Huh?

Taxes: “Only through lower taxes, less regulation and more freedom will the economy begin to grow again.”

 
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