Wednesday, April 13, 2011

Facts and Lies about Budgets

link here to article

The GOP plan for cutting deficits is right out of the GOP playbook. Cut taxes for the super rich and pay for the tax cuts by borrowing. I said borrowing because the spending cuts, or the revenue increases that are claimed to come from tax cuts, never happen as planned. In any case, the current GOP plan pays for the tax cuts to the super rich by cutting spending on programs that conservatives don't like because they don't need them, or because they make part of the GOP base happy because they don't like public radio, planned parenthood etc. This editorial makes the issue very simple. The spending cuts are there in order to cut taxes. The plan cuts projected deficits by shifting a substantial part of the projected increases in healthcare costs to the beneficiaries. It does nothing to reduce the growth in healthcare prices.

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