This pretty much sums it up regarding Republican “shock” that extending the unpaid-for, enormous Bush tax cuts would increase the deficit. Uh guys? It’s called “math,” ever heard of it?
More Jethro Bodineism from the Republican Party. It kind of comes down to basic math here. If you cut the revenue of the nation, and you don’t cut the spending at the same time, you get a higher deficit, capisce? There is nothing radical about that, you collect less money, you have less money to spend. Kind of basic, right?
Which is why it just puts a giant spot light on the fact that as a group Republicans have as much fiscal credibility as my late Springer Spaniel. Roll Call is quoting Sen. Mark Kirk as saying:
“I think everyone is in a collective state of shock right now over the CBO numbers.”