A Good Tea Party Proposal...Finally!!!

Americans Clueless About the FALLING Deficit

Deficit Falling at Historic Pace

CBO: Immigration Reform Will Reduce the Deficit $197 Billion

From Washington Post: 

The CBO’s score of the Gang of Eight immigration reform bill is out and it’s very positive. While the bill increases spending by $262 billion over 10 years, it increases revenue by $459 billion, for a deficit reduction of $197 billion in total. Additionally, it projects $690 billion in deficit reduction in the second decade of implementation, from 2024 to 2033. 

The reports predicts that the bill will add 10.4 million permanent U.S. residents and 1.6 million new temporary visa-holders, and reduce the undocumented immigrant population by 1.6 million.

So Republicans and conservatives will support it...right?

The CBO on Repealing Obamacare

The Deficit, Obama, & Cutting Social Security

DoMA & the Budget Deficit

From Think Progress: 

The Congressional Budget Office estimates that DOMA increases the deficit by roughly $1 billion a year, and while that amount is small, striking it down would save far more than ending subsidies to NPR or some of the other “deficit reduction” ideas Republicans have pursued in the past. 

Those savings would come from numerous sources. Tax revenues would rise by more than $400 million a year, and though costs on programs like Social Security and federal benefits would increase, costs for safety net programs like Medicare, Supplemental Security Income, Medicaid, and other programs would go down. 

That’s significant, because the largest benefit from recognizing same-sex marriages comes from what it would do for individual couples and families. Same-sex couples aren’t allowed to file joint taxes, which prohibits them from claiming some tax credits and deductions that would benefit their families. They also aren’t eligible for spousal health, Social Security, or federal pension benefits, making it harder for some LGBT families to make ends meet. Older LGBT couples are more likely to live in poverty than married heterosexual seniors, which is why ending DOMA would reduce costs for programs like Medicaid and SSI — access to spousal benefits would lift many LGBT Americans out of poverty and off of the social safety net.

The GOP, Deficit Peacocks

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What's Next After The Fiscal Cliff?

My Decision 2012: The Economy, Debt & Deficit

The Economy, the Debt & the Deficit

Mitt Romney has made it blatantly clear that not only would he return to the policies of President George W. Bush, he would take them even farther. That would be all well and good, except for that fact that those policies have been abject failures. The massive tax cuts known commonly as the “Bush tax cuts” erased the budget surplus from his predecessor President Bill Clinton. Economists have said time and again that tax cuts do not create jobs. The proof is in the fact that taxes are at historic lows while the unemployment rate went to a historic high. If tax cuts actually helped the economy the way Mitt Romney and the GOP often claim, America would be in a time of plenty. The longer the Bush tax cuts last (particularly those for the super rich), the more they will add to the national debt.Adding on top of the already 16 trillion dollar debt with a proposed 5 trillion dollar tax cut (mostly to the upper brackets, plus another 2 trillion dollars in EXTRA military spending) is not how to fix the national debt, though this is what Mitt Romney has proposed. America simply cannot afford that sort of trickle-down approach. It has been tried, and it has failed.

The budget plan endorsed by Mitt Romney was created by Rep. Paul Ryan (R-WI), which is a name that I’ll mention in another segment. This budget plan cuts virtually any and very program that in any way helps the poor, needy, etc. In fact, it goes so far in doing so, that swaths of the religious establishment have arisen against it. Generally speaking, this group of folks is very GOP friendly. To illustrate this, a group of Catholic nuns went on a bus tour of the upper Midwest to protest this budget plan. This bus tour ended on the steps of the office building where Rep. Paul Ryan has his district office. Many other religious groups have also gone public with their disdain for this plan. When a Republican idea or plan goes so far off of the rails that religious groups are up in arms against it, you know that it has gone way past way too far, even by GOP standards. The word ‘radical’ comes to mind.

President Obama has gone on record saying that the extension of the Bush tax cuts for the super rich is a non-starter and he will veto any bill containing such a measure. President Obama is also for closing tax loopholes that allow the super rich to use dancing horses and private jets as tax right-offs which, in and of themselves, are often more than most people make in a year. He has also gone on-record as being against tax cuts that go to companies that outsource, instead favoring companies that bring jobs back to the United States. Cutting anything that benefit’s middle and lower income Americans to pay for tax breaks for the super rich and corporations (many of whom are already paying zero taxes or even negative taxes) is not a policy that benefits America as a whole. Conversely, Obama's policies have led to over 30 straight months of job creation, a drop in the deficit from about 1.9 trillion dollars to just under 1.1 trillion dollars. President Obama’s policies will do far more to help the economy and the national deficit than any policy proposed by Mitt Romney. In fact, they already have. We are going in the correct direction and we should not turn back.