Romney Lashes Out at McCain in N.H.
Why do NEOCONS think a tax cut without spending cuts is fiscally responsible?
NPR-With John McCain on vacation and Rudy Giuliani occupied elsewhere in the state, Mitt Romney sought this weekend to close the deal with New Hampshire Republicans who remain undecided about his presidential candidacy.
Romney fired away at McCain, repeatedly accusing the Arizona senator of failing “Reagan 101″ by voting twice against Bush administration tax cuts. Romney also said McCain’s past support for allowing illegal immigrants to stay in the United States and work toward legal status amounted to amnesty.
National Debt Exploding under Bush (pushing $10 TRILLION!)
John,
Are you including yourself as a ‘neocon’ since you are the one on this site calling for major spending increases for massive expansion of the federal government?
Have you ever actually looked up the data that equals a $9.1T debt (since when is it ‘pushing $10T’ when the number is much closer to $9T)?
Over half ($4.8T) is set for Federal Employee and Veteran Benefits (would like to know how much is for the employees). How would you propose to eliminate this portion of the debt?
The real problem is the exploding government bureaucracy. The candidate who proposes to cut about 1/2 of fed employees through retirement and normal attrition will be serious about reducing the debt. This will result in a dramatic decline in spending combined with entitlement reform including privatization of SS.
Taxes can and should be cut John. Revenue is not the problem, it is spending and entrenched bureaucracy. You claim to want to expand government for the purpose of isolating America, securing the borders and providing healthcare for all. This is the basis of the original neocons who broke off from the dem party.
From the U.S. Treasury Dept. — 12/17/07
U.S. Government Releases FY 2007 Financial Report
Washington – The Treasury Department and the Office of Management and Budget today released the Fiscal Year 2007 Financial Report of the United States Government. The report details the U.S. government’s short-term and long-term financial outlook, including the government’s biggest fiscal challenge- the unsustainable growth in entitlement programs. The report complements the President’s Budget to be released in February 2008.
“The $2.6 trillion in record-breaking revenues that flowed into the Treasury this year reflect a healthy economy. The 39 percent drop in our net operating costs complements the deficit reduction reported in October,” said Treasury Secretary Henry M. Paulson, Jr. “But to continue this progress, we must maintain discipline on spending. The expected revenue in years ahead will not come close to meeting the growing cost of our social insurance programs. We all have a responsibility to fix this problem now, before it becomes a severe economic burden for our children and grandchildren.”
“This year’s budget results reinforce that tax relief combined with spending restraint works. This formula has helped promote economic expansion that, in turn, has helped generate higher-than-expected revenue and resulted in deficit reduction of $250 billion over the last three years,” said OMB Director Jim Nussle. “Reducing the deficit in the short-term will put us in a better position for dealing with the longer-term entitlement issue, which can only be characterized as an oncoming fiscal train wreck.”
Revenue results in this year’s fiscal report were $2.6 trillion, a 7.6 percent improvement from last year. Consistent with the improved budget results, the Financial Report’s 2007 net operating cost of $276 billion is approximately $175 billion lower than the 2006 figure.
The report indicates that funding for Social Security and Medicare will come up $45 trillion short in the next 75 years. Without reform, the cost of these programs will total 18 percent of GDP by 2080.
The Government Accountability Office audited the Statement of Social Insurance for the first time and issued a clean opinion this year. The SOSI, a critical component of the Financial Report, compares the government’s expected resources for programs such as Social Security and Medicare to what it expects to have to pay in benefits over the next 75 years in current dollar terms. A clean opinion indicates that the report fairly and accurately reflects the financial position of the social insurance programs.
For the past four years, Treasury has issued the report on December 15 or the first business day following that date, well ahead of the statutory March 31 deadline. The report can be found at: http://www.fms.treas.gov/fr/.
What are you talking about?
I am the one against No Child Left Behind that left no lobbyist behind, Highway bill pork bill, Energy pork bill……
NICE SPINN KING OF PORK SPENDING!
Now how about addressing the questions in my post John instead of diverting to issues that have nothing to do with fed employee benefits.
Bart
Me thinks you ask too much of someone who insists on using Konopian Logic.
I like your blog and will come back soon