Their plan: Keep taxes low on the rich, cut them even, and make up the difference with the closing of unspecified loopholes. Oh, and slash the shit out of Medicare.
The Obama Administration is calling "bullshit" on this one. And they are right to do so.
We had a balanced budget a dozen years ago. Then George W. Bush slashed taxes, especially for the rich, and engaged in two wars that were 100% paid for by deficit spending.
Seems to me that if we get out of the second of the Chimperor's Wars and restore some of the Bush tax cuts, we can get well on the road back to were we were before the Republicans fucked it all up.
Here is the other thing: The House is bullshit. Whichever party controls a state when it is time to redistrict gerrymanders the shit out of their congressional delegation. So the House of Representatives isn't terribly representative of anything in particular.
In the 2012 election, one of the central planks of the Democrats was to let the Bush tax cuts lapse on the rich. The President won, handily,* making him only one of eight presidents in our nation's history who was both elected and re-elected by a majority of the popular vote.** Moreover, in statewide elections for the U.S. Senate, Democrats prevailed and will control 55 Senate seats.
The American people are with the President on this one. He knows it. Formerly, what would happen is that he would put out an idea, the Republicans would say "no" and then Obama would say "OK, how about this" and the GOP would pout and whine and stamp their feet until they got the deal they wanted.
This time around, he is not playing that game. And you can just smell the fear emanating from the Republicans.
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* Gov. "47% are moochers" Romney got 47% of the vote.
** Andrew Jackson, Ulysses S. Grant, William McKinley, Franklin D. Roosevelt (all four times), Dwight D. Eisenhower, Ronald W. Reagan and Barack Obama. No popular vote totals exist prior to 1824, but I think it's safe to add George Washington to the list.
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