Uh.. of course your numbers work, they are manufactured by YOUR argument which is back by an opinion. You specifically said this was the republicans platform. PROVE IT.
Of course the graph adjusts for GDP. It is how we measure the scope of spending and revenues. In order to know precisely how our revenues and spending relate to the over all economy you have to do it this way. Any attempt to parse the math using other methods is poilitical and not mathematical. This is part of the Republican problem right now: they think they can create their own math....but I'll get to that in just a minute. You make the point that the 2001 Bush Tax Cuts created a short term spike in GDP but did you see what it did to the deficit at the same time? We cannot cut our way to a balanced budget. It is mathematical unfeasible according to any sincere economists from either party. Sure you will have your talking heads "economists" that will tell you otherwise but it just isn't possible. Further, the notion that it can be achieved is greater proof of how radical and foolish the Republican economic platform has become. I am going to show you in the simplest way that I know that the Republican's as a party believe that you can cut taxes and broaden the tax payer base enough to completely reduce the deficit. I will also show you how flawed their numbers and what their plan truly calls for. The CBO estimates that if we do nothing at all. If we just stay the course, allow the Bush Tax Cuts to expire and maintain the current baseline our revenues will equal 21.2% of GDP by 2022 and spending will equal 22.4% of GDP by 2022, a 1.2% deficit gap in spending. Based on the fact that the CBO also projects our total GDP to be in the neighborhood of 24.655 trillion dollars by 2022, our budget deficit in the year 2022 would be around 295.86 billion dollars. As you can see, just be allowing the Bush Tax Cuts to expire we can reduce our budget deficit by about 80% over the next 10 years. And this is by doing nothing at all except allowing the Bush Tax Cuts to expire. Now, let's take a look at Paul Ryan's budget plan. In the CBO report, the CBO is very quick to point out, and on numerous occassions, that the figures they are using as a baseline were given to them by Paul Ryan and his staff and were not formulated by the CBO. This point is made repeatedly throughout their scoring because it they do not want the burden of responsibility for them. Here is why: Paul Ryan proposes to cut revenues (taxes) to 18.7% of GDP by 2022 and to lower spending to 19.9% of GDP. The first thing you will notice is that the Ryan budget still leaves a budget deficit of 1.2% of GDP by the year 2022. This is the exact same figure that we get by doing nothingbut allowing the Bush Tax Cuts to expire. The fuzzy math part comes in when we take a deeper look at the figures provided by Ryan and his team versus the analysis of the non-partisan Tax Policy Center. According to their scoring of the Ryan budget, which utilized actual budgetary figures rather than those provided by the Paul Ryan staff, his plan would actually lower revenues to 15.8% of GDP rather than the 18.7% that he claims. This would create a budget deficit of 4% rather than the 1.2% that we get by doing absolutely nothing. A 4% budget deficit would actually total 986.2 billion for the fiscal year 2022. I say all of this to demonstrate to you guys that there is a reason why Paul Ryan and Mitt Romney do not want to detail their tax plans for you because it would be laughable. Just like Mobius said yesterday, "show me the politician who claims we can reduce taxes and increase revenue and I will join you in mocking them." Paul Ryan and his staff made sure that they provided their own numbers to the CBO because they are not stupid and they knew that to allow the CBO to score the budget based on hard baseline economic figures would out their true intent. The Republicans genuinely believe that they can cut taxes, broaden the base so much that tax revenues will make up for the budget deficit and it just isn't true. Ryan and his staff put an additional three percent on the revenue side of things because otherwise people like Mobius and myself would be mocking them for their audacity and stupidity. The math just doesn't work.
Tiger you aren’t understanding. Republicans do not hate all tax increases. We hate the raising of taxes with ZERO control on spending. Congrats on the paper, but you are missing the point.
But that will happen as you know. Why? Obama will extend the cuts for everyone other than the "rich" so those numbers are not right. This is Obama's plan you know. To extend the middle class tax cuts.[/quote]
do you agree that there are currently between 12.5 and 14 million (I used 15 million to be generous) unemployed people in this country right now? do you agree that the average household income is around $48,000-$50,000? (I used $50,000 to be generous) do you agree that the average tax burden for federal payroll taxes and social security/medicare is around 20%? do you agree that 20% of $50,000 is $10,000? do you agree that 15 million times $10,000 equals 150 billion? If you disagree with any of these figures then you disagree with the facts. I just laid out in my post exactly how this is the Republican platform. I think you are pissed off that you didn't realize that this was a part of the Republican party platform and you've been supporting them. I think you are embarassed that you've been hood winked by these jackals for so long.
There is no point to answer any of this b/c your numbers do not mean shit until you show me where/what budget you used to label this the republican plan. Once you do this, we can talk numbers.
[/quote] If this is all you have to rebut me then you have nothing. give me some math....show me how I am wrong. good luck little buddy
I dont speak for all, just as you don't speak for all those lib's who love trees and want more welfare.
I just laid it out in post #42. You were the one who brought up the Ryan budget so I used it as an example. Need more proof?
