Friday, February 24, 2012

Republicans No Fiscal Conservatives

According to the independent committee for responsible federal budget most Republican candidates aren't at all fiscally responsible. In fact 3 out of the 4 Republicans would increase the debt over the next ten years.

The worst on the budget is Newt Gingrich according to the report he would increase the debt by 7 trillion in nine years and make the Debt to GDP ratio 114%. Rick Santorum wins second place on the worst fiscal conservative by adding 4 trillion to the debt in nine years bringing the Debt to GDP to 104%. Mitt Romney had some credibility, because his old plan would have increase the debt by only 250 billion in nine years, that on average 28 billion a year. that way below the current projection of a 500-600 billion dollar deficit per year, but most recently if you add Romney new tax plan he just talked about a few days ago he would add 2.5 trillion to the debt in nine years. He's kind of like Harper promise a small deficit first then show up with a bigger deficit. But the best plan (at least for the deficit) would be Ron Paul his plan according to the study would reduce 2.2 trillion in debt over 9 years. The only problem, rather one of the problems with Ron Paul's plan is the fact that in the process of eliminating a bunch of government agencies and some economist say eliminate up to 1.5 million jobs in the process. All of these Republicans would cut spending on essential programs for the poor and the elderly and all of them would then take that money and reduce taxes on the rich who don't need anymore money and some to the middle class. Even with small tax cuts for the middle class they would still be worse off, because a lot of the agencies that help them would be cut harsh like Medicare or even be completely dismantled.

Mitt, Rick and Newt are lying when they call themselves fiscally responsible, and Ron although would cut defense his other policies would take the U.S back into recession. In fact all these candidates would put the middle class and the poor back into recession.   

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