Democrats: Lying to the media about $2.6 trillion in cuts

The Off-Topic forum for anything non-LDS related, such as sports or politics. Rated PG through PG-13.
Post Reply
_bcspace
_Emeritus
Posts: 18534
Joined: Mon Dec 04, 2006 6:48 pm

Democrats: Lying to the media about $2.6 trillion in cuts

Post by _bcspace »

Machina Sublime
Satan's Plan Deconstructed.
Your Best Resource On Joseph Smith's Polygamy.
Conservatism is the Gospel of Christ and the Plan of Salvation in Action.
The Degeneracy Of Progressivism.
_Tarski
_Emeritus
Posts: 3059
Joined: Thu Oct 26, 2006 7:57 pm

Re: Democrats: Lying to the media about $2.6 trillion in cuts

Post by _Tarski »

bcspace wrote:
Did the media call him on it? Of course not.


and to prove it you quote the media calling him on it.

Of interest here:
http://en.wikipedia.org/wiki/United_Press_International

see section on "decline"
when believers want to give their claims more weight, they dress these claims up in scientific terms. When believers want to belittle atheism or secular humanism, they call it a "religion". -Beastie

yesterday's Mormon doctrine is today's Mormon folklore.-Buffalo
_Kevin Graham
_Emeritus
Posts: 13037
Joined: Fri Oct 27, 2006 6:44 pm

Re: Democrats: Lying to the media about $2.6 trillion in cuts

Post by _Kevin Graham »

I'd expect no less from a Mormon!
_Kevin Graham
_Emeritus
Posts: 13037
Joined: Fri Oct 27, 2006 6:44 pm

Re: Democrats: Lying to the media about $2.6 trillion in cuts

Post by _Kevin Graham »

Since 2011, Three-Quarters Of Deficit Reduction Has Been Via Spending Cuts

Since passage of the deal to avert the so-called “fiscal cliff,” Congressional Republicans have attempted to portray it as the “last word” on taxes going forward. “The tax issue is behind us,” said Senate Minority Leader Mitch McConnell (R-KY).

Democrats, meanwhile, have said that any forthcoming budget deal should be composed of equal parts revenue and spending cuts. But even doing that would mean the bulk of deficit reduction will have been achieved through spending cuts, because, as the Center for American Progress’ Michael Linden and Michael Ettlinger show, three-quarters of deficit reduction since 2011 has been due to spending cuts:

"Since the start of fiscal year 2011, President Barack Obama has signed into law approximately $2.4 trillion of deficit reduction for the years 2013 through 2022. Nearly three-quarters of that deficit reduction is in the form of spending cuts, while the remaining one-quarter comes from revenue increases. As a result of that deficit reduction, the projected rise in debt levels from today through 2022 has decreased by nearly 10 full percentage points of gross domestic product. In fact, under today’s policies, debt levels in 2022—as a share of GDP—will be only slightly higher than they are expected to be by the end of next year."

Image

Here’s a timeline of accumulating deficit reduction, with spending cuts in red and revenue increases in blue:

Image

When McConnell tried to claim on ABC’s This Week that revenue was off the table, anchor George Stephanopoulos wasn’t having it. And the numbers show he was exactly right.
Post Reply