Republicans aren't serious about debt reduction. By now, this should be obvious. We're told that Paul Ryan's Medicare-slaying plan is serious, as well as courageous, but the truth is that it's neither. It's silly and it involves the nation hiding its head in the sand. We've fought two wars, largely off-budget, and engaged in the biggest failure of economic policy since Hoover's performance before the Depression. Republicans shoveled money into a hole for eight years, yet we're supposed to believe that Medicare is our big problem. In 2010, our military spending made up
nearly half of all world military spending combined, yet we're supposed to believe our problem is that we spend too much on grandma's heart medication.
It wasn't that long ago that
I put up this graph, but let's look at it again:
The Bush tax cuts came with a lot of promises. We would grow our way out of deficits. Kind of looks like we didn't. Deficits are mindblowing and our economy is a fragile wreck in recovery. As I said the last time I posted that graphic, by every measure and on every promise, the Bush tax cuts failed to deliver...[
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