Borrowing and spending the GOP way

[Zorro]

Very interesting read from a newly retired GOP legislative aide.

<snip>

President Obama's fiscal policies are a mess. Whatever one thinks of the need for stimulus in a severe recession, it is obvious that running trillion-dollar deficits for years on end is unsustainable. Moreover, his proposals are dishonest. The nonpartisan Congressional Budget Office concluded that his proposed 2012 budget underestimates spending while overestimating revenues.

Sadly, the Republicans have offered no viable alternative.

The failure of our leaders to offer realistic budget proposals was a major reason I decided to retire after 28 years in Congress, most of them as a professional staff member on the Republican side of both the House and Senate Budget Committees. My party talks a good game, railing about the immorality of passing debt on to our children. But the same Congressional Budget Office that punctured Obama's budget also concluded that the major policies that swung the budget from a projected 10-year surplus of $5.6 trillion in 2001 to the present 10-year deficit of $6.2 trillion were Republican in origin.

Consider the two signature GOP policies of George W. Bush's presidency: the wars and the tax cuts. Including debt service costs, Bush's wars have cost about $1.7 trillion to date. Additionally, as part of being "a nation at war," the Pentagon has spent about $1 trillion more than was expected in the last decade on things other than direct war costs, which has been a bonanza for military contractors but a disaster for the federal budget. And finally, there has been another trillion dollars spent domestically in response to 9/11, including spending on such things as establishing the Homeland Security Department and increasing the budgets for the State Department and the Veterans Administration.

<snip>

More at: http://www.latimes.com/news/opinion/commentary/la-oe-lofgren-budget-republicans-20110626,0,7490630.story

[Zoeisright]

1. You lost me with the first paragraph.

A stimulus is necessary in a severe recession.

And we didn't HAVE trillion dollar deficits until Bush stole the presidency.

And REPUKE budgets are dishonest, cruel, and hurt the average American.

I'm not going to read any more after shit like that.

[Zorro]

2. You should read the entire article

[The Wizard]

3. Minor correction

When Republicans do it it's borrow and embezzle.