Mitch Math

June 28th, 2011at 07:30am Posted by Eli

Mitch McConnell explains the debt crisis:

At some point, Democrats need to realize that the reason our nation’s debt has skyrocketed 35% over the past two years is that government spending is out of control.

America does not face a debt crisis because we tax too little, but because Washington spends too much.

This is fascinating.  While it is true that debt occurs when spending outpaces revenue, the only way you can possibly blame the national debt on spending alone is if spending increased while taxes held steady.  Of course, the reality is that in 2000 we had a surplus and were poised to start paying down the debt when a Republican president recklessly pushed through massive tax cuts that turned that surplus into a deficit, even before he started throwing money away in Afghanistan and Iraq.

And that’s without even pointing out that American taxes are actually very low in both historical and global terms.

In other words, Mitch is full of shit.  As usual.

Entry Filed under: Economy,Politics,Republicans,Taxes,Wankers


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