The ‘Fiscal Cliff’ That Isn’t

On today’s Up on MSNBC, Chris Hayes said if the debt and deficit were really a major concern in Washington, we would not have a debate framed around a fictional “fiscal cliff.” Hayes said that it is neither fiscal or a cliff. At best it’s a fiscal curb, but even that isn’t correct because on the fiscal side, the “fiscal cliff’ is actually a major dose of austerity.

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Romney and Ryan: Higher Military Spending, Lower Taxes — Fiscal Hawks?

Can you be called a “fiscal hawk” or a “deficit hawk” if you are pushing for higher military spending along with a built-in floor that stipulates “core defense spending” must be maintained at 4% of GDP? Can you be called a fiscal or deficit hawk if you advocate for lower, across-the-board tax cuts at a time when the federal government is running trillion-dollar-plus deficits?

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The Republican Solution To Everything: Spending Cuts, Tax Cuts, or Both

The United States of America is the wealthiest nation on the planet, but somehow we can’t find a way to fund important government programs that help lift people out of poverty and build a stronger foundation for our future. We have an entire political coalition that wants to cut taxes even further while attempting to make government so small it can fit in our bedrooms — right before they drown it in the bathtub (to paraphrase both The West Wing and tax pledge prophet Grover Norquist).

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Republicans Say Tax Cuts Do Not Stimulate The Economy

Republican ElephantDid that get your attention? Good, stay with me for a moment. — So we all know Mitt Romney, Paul Ryan and every other beltway Republican is on record as saying the “stimulus” didn’t work. When we say stimulus, we are talking about the American Recovery and Reinvestment Act of 2009. This piece of legislation, passed in the first months of the Obama administration, contained tax incentives for companies, tax breaks for individuals, infrastructure investment, education funding, and more. Fully one-third of the “stimulus” was in the form of tax cuts.

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