Thursday, September 23, 2010

GOP 'Pledge' vows cuts, repeal of health care law

In the September 23, 2010 article "GOP 'Pledge' vows cuts, repeal of health care law," Associated Press writer Julie Hirschfeld Davis explains that the pledge is rhetoric designed to persuade undecided voters to side with Republicans, who vow to cut taxes, government spending, budget deficits, and the public debt without acknowledging the inherent flaws in their logic (or math).

REVENUES - EXPENDITURES = Budget Balance (SURPLUS if positive, DEFICIT if negative).

When recent deficits have exceeded $1 trillion, advocating reductions to both revenues and expenditures will do little to reduce the deficits and will continue to substantially increase the public debt. Significant INCREASES in revenues are needed as well as dramatic cuts in major federal government spending programs (such as defense, Social Security, Medicare & Medicaid) that neither Republican nor Democrats seem prepared to support.

1 comment:

  1. The recent upholding of the healthcare reform law was a big surprise to everyone.