The first step to lowering the deficit was the fiscal-cliff deal the president got Congress to agree to before the first of the year, the deal that raised income tax rates on wealthy Americans. Then, because Congress refused to act to stop a ridiculous sequester that was so extreme no one figured it would happen, another $1 trillion will be lopped off the deficit by the end of the next decade. Those combined actions, according to the Center on Budget and Policy Priorities, are sufficient to stabilize the U.S. debt-to-GDP ratio. That means the debt is no longer growing faster than the U.S. economy. The deficit crisis is over. As the economy slowly regains momentum after the Great Recession, the improvement in the deficit picture will become even more pronounced.
It's time to declare victory in the deficit war and work to replace the idiotic sequester with more reasonable and sustainable budget constraints. Plus, Congress needs to raise the debt limit and pass a budget. However, Cantor and his tea-poisoned majority in the House now insist that Social Security and Medicare have to be slashed. Since neither one caused the deficit in the first place, it would be foolish to agree to whatever cockamamie scheme Cantor and company have planned to wreck the social safety net for seniors.
First, as the graph shows, the President has reduced the deficit. The Red column on the graph represents George W. Bush's contribution to the deficit. But serial liar Romney falsely claims Obama has doubled the deficit. Not only has the president NOT doubled the deficit, the president has reduced it. The data are clear. Barack Obama has reduced the deficit more than two Bushes and more than Ronald Reagan. In point of fact, only Bill Clinton and Barack Obama have actually reduced the deficit.
But as Rachel Maddow discussed today, amazingly Mitt Romney supposedly has more supposed "cred" on the matter of deficit reduction. The new Washington Post poll shows that is the only element upon which Mitt Romney does better than the President.
I think it's going to be very close. I know he's got problems in SW Virginia He's doing better in Eastern and Northern Virginia.
And I'll tell you this much, I'm supporting President Obama, but I also am awful tired of all the negative ads. I wish we wouldn't be spending 2 billion dollars on tv tearing each other down. That money could be used for interstate 81 and scholarships. Hopefully, we'll get through this election like we've gotten through all the others and get back to solving our country's problems, especially the debt and deficit.
He just cannot seem to help himself. He can't endorse the president without trying to distance himself at the same time. He can't talk about health care reform without saying there's a lot that needs to be fixed (in the Affordable Care Act).
His effort to create out of nothing a false equivalence between the two parties regarding negative ads is appalling. The GOP lie machine spins the lies faster than we can rebut them. But Warner pretends both parties are doing it. He also implies that it's "negative" to refute a pile of lies. I call it necessary. And there is nothing wrong with that. Such a false equivalence is cowardly, shameful, and self-serving. Lying down and playing dead will not work. And putting up only "positive" ads won't work either.
Along the way, Warner panders to Bristol Motor Speedway fans, coal, enemies of "ObamaCare," and Peter Peterson's "deficit" hawkeroos. (Hawkeroos are two-faced show-offs who like to prattle away at how spending conscious they are. But they won't make the rich pay their fair share. No, sir.)
What is really disconcerting is his self-adulating self-absorption. He is posturing every minute. Warner's myth of the "radical center" is really all about such posturing and it's also about trying to reinvent as virtuous all those things he doesn't stand for, but should, like enabling the EPA to keep our air and water clean. Or helping the 99% as opposed to the wealthy who don't need more tax cuts. It is as if he's out there saying, "Look at me. I'm better than all of you. I am especially better than President Obama." (No, you are not, Mark.)
Over and over the Dynamic Duo of Tax Evasion (because they both encourage it by their policies) have separately deceived Americans concerning trickle down "economics," which is nothing more than a blatant scheme to steal from the poor and middle class. Whatever deficit problem we have isn't really the deficit per se. It is a massive tax avoidance problem by the acolytes of and by the uber wealthy. Every single cut Paul Ryan makes with his draconian budget masks that the pols supporting this condone Robin Hood in reverse. They steal from you, or at least 99% of you and hand it over to the already rich.
Paul Ryan and his budget are at the forefront of aiding and abetting the largest heist the US has ever seen. Between 21 and 32 Trillion are parked off-shore in a blatant tax avoidance scheme. Romney alone has (at minimum) foreign tax avoidance accounts in the Caymans, Bermuda and Switzerland. Now he has selected the twit who pretends to know economics and presumes to tell everyone what they should do on the subject of the US economy. That is laughable, but also outrageous.
In her backgrounder on Paul Ryan, Andrea Mitchell of NBC told the audience that: Paul Ryan studied economics. And (are you ready for this): He read Ann Rand. BTW, Mitchell is the significant other of Alan Greenspan, who learned his "economics" from a 10th rate novelist and helped steer the economy into the ditch. My God, do they still not get that she was a fiction writer, and a crappy one at that??????