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(Think Progress) Fail Newt Gingrich cares so much about balancing the budget that his tax plan would triple the national debt by 2024   (thinkprogress.org) divider line 104
More: Fail, Newt Gingrich, national debt, Tax Policy Center  
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1634 clicks; posted to Politics » on 14 Dec 2011 at 12:58 PM   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»   |    Get this fabulous T-Shirt and impress the methane out of your friends! shirt it!



104 Comments   (+0 »)
   

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2011-12-14 11:08:57 AM
I don't trust Gingrich any further than I can throw him, but long-term revenue projections are notoriously flawed.
 
2011-12-14 11:19:09 AM
Don't worry, once Iran, in conjunction with North Korea, Mexico, Pakistan, and the Soviet Union fires their EMP to destroy everyone's iPhones we'll have an army of hipsters, yuppies, and soccer moms willing to scorch earth those countries in revenge.
 
2011-12-14 11:24:00 AM
Robert Reich's take. Link (new window)
 
2011-12-14 11:31:43 AM
Shows what you know, libtards.
i291.photobucket.com
 
2011-12-14 11:32:16 AM
ArkAngel: I don't trust Gingrich any further than I can throw him, but long-term revenue projections are notoriously flawed.

I think they're largely useless. Even if you could perfect the economic models, there's no model that will account for the behavior of Congress. Unless maybe you're Nate Silver.
 
2011-12-14 11:39:13 AM
ArkAngel: I don't trust Gingrich any further than I can throw him, but long-term revenue projections are notoriously flawed.

The Bush tax cuts have added $4T to the deficit. It doesn't take a whole lot of thought to know that adding more to them will explode the deficit.
 
2011-12-14 11:56:03 AM
I wouldn't worry. In a few months he'll be cheating with a younger, prettier budget.
 
2011-12-14 12:08:15 PM
Gingrich is an oozing postule on the ass of America. All he cares about is trading in his wives when they get sick and giving more money to rich people.
 
2011-12-14 12:10:27 PM
Snarfangel: I wouldn't worry. In a few months he'll be cheating with a younger, prettier budget.

nice
 
2011-12-14 12:10:39 PM
Snarfangel: I wouldn't worry. In a few months he'll be cheating with a younger, prettier budget.

One with eyes and a smile like a shark, no doubt

/dead, soulless eyes
 
2011-12-14 12:20:55 PM
MaudlinMutantMollusk: Snarfangel: I wouldn't worry. In a few months he'll be cheating with a younger, prettier budget.

One with eyes and a smile like a shark, no doubt

/dead, soulless eyes


i39.tinypic.com

Y'all know me. Know how I earn a livin'. I'll catch this house boy for you, but it ain't gonna be easy. Bad dude. Not like going down the pond chasin' bluegills and tommycods. This boy, swallow you whole. Little shakin', little tenderizin', an' down you go. And we gotta do it quick, that'll bring back your tourists, put all your businesses on a payin' basis. But it's not gonna be pleasant. I value my neck a lot more than three thousand bucks, chief. I'll find him for three, but I'll catch him, and kill him, for ten. But you've gotta make up your minds. If you want to stay alive, then ante up. If you want to play it cheap, be on welfare the whole winter. I don't want no volunteers, I don't want no mates, there's just too many captains on this island. $10,000 for me by myself. For that you get the head, the tail, the whole damn thing.
 
2011-12-14 01:00:17 PM
It's cool.He'd run the campaign for his second term on a "debts don't matter" platform.
 
2011-12-14 01:00:41 PM
Who cares about projections? Gingrich is a historianTM, and we all know these ideas worked so well in the past.
 
2011-12-14 01:02:46 PM
Libmitter forgets about the trickle down effect from all the rich people getting an extra trillion to buy stock and yatchs. This will increase employment and generate jillions in tax revenues to balance the budget

Amidoininrite?
 
2011-12-14 01:03:25 PM
Not once he eliminates social security, welfare, medicare, medicaid, food stamps, the public school system, the EPA, and all those other socialist government departments.

yay Newt!
 
2011-12-14 01:04:57 PM
You mean cutting taxes for everyone and getting rid of all capital gains taxes wouldn't be great for government revenue? I am stunned.
 
2011-12-14 01:07:16 PM
theknuckler_33: Not once he eliminates social security, welfare, medicare, medicaid, food stamps, the public school system, the EPA, and all those other socialist government departments.

yay Newt!


...and don't forget the biggest beneficiaries of Newt's plan would be... you might want to sit down for this... wealthy Americans. Shocking, I know.
 
2011-12-14 01:07:46 PM
hillbillypharmacist: Shows what you know, libtards.
[i291.photobucket.com image 600x463]


img52.imageshack.us
 
2011-12-14 01:09:40 PM
I don't see how offering an optional alternative tax structure could do anything but balloon the deficit. Who wouldn't choose the structure that reduced their taxes?
 
2011-12-14 01:10:57 PM
Republicans are not running against Obama. They are running against math.
 
2011-12-14 01:11:21 PM
Article fails to mention how many government agencies would be eliminated, "solving" the "deficit" "problem".
 
2011-12-14 01:11:23 PM
...And this is supposedly the "smart" Republican?
 
2011-12-14 01:11:29 PM
Jacobin: Libmitter forgets about the trickle down effect from all the rich people getting an extra trillion to buy stock and yatchs. This will increase employment and generate jillions in tax revenues to balance the budget

Amidoininrite?


Yacht builders everywhere will hire 20 more skilled craftsman to keep up with the demand!
 
2011-12-14 01:11:40 PM
I'm surprised he's bother releasing a tax plan, but not at all surprised at what it would do.
 
2011-12-14 01:11:51 PM
CPennypacker: Gingrich is a historianTM, and we all know these ideas worked so well in the past.

Please. History majors/Historians claim no part of Newt Gingrich and are insulted by the association.
 
2011-12-14 01:13:00 PM
gshepnyc: Republicans are not running against Obama. They are running against math.

Pffh, math is a liberal concoction, invented by muslim terrorists 1,000 years ago. Everyone knows that going with your gut feeling is always the best policy.
 
2011-12-14 01:13:12 PM
s3.mediamattersaction.org.s3.amazonaws.com
 
2011-12-14 01:13:21 PM
sprawl15: hillbillypharmacist: Shows what you know, libtards.
[i291.photobucket.com image 600x463]

[img52.imageshack.us image 455x270]


Well, I'm certainly laughing at both of those "curves."
 
2011-12-14 01:14:26 PM
gingrich's love of the country is so great that he would fark a robot or a horse.
 
2011-12-14 01:15:00 PM
CPennypacker: Gingrich is a historianTM, and we all know these ideas worked so well in the past.

A historian that somehow skipped over everything during the Eisenhower presidency apparently.

*sigh*
 
2011-12-14 01:15:08 PM
crookedtimber.org

I guess someone needs to add Obama and Newt Romney to this.

Seriously, someone has to be able to do a great photoshop mashup of Newt and Mitt's faces.
 
2011-12-14 01:15:59 PM
Gingrich's tax plan is a variation of Herman Cain's plan. It will be called 68-68-68: The "Do-Me-And-I'll-Owe-You-One" Plan.
 
2011-12-14 01:16:09 PM
GoodyearPimp: Article fails to mention how many government agencies would be eliminated, "solving" the "deficit" "problem".

All of them, Charlie.
 
2011-12-14 01:16:44 PM
So how do the "Obama is horrible because he is raising the deficit" conservative justify that the plans that the current GOP front runners have on taxes would increase the deficit even more than the current deficits?

this ought to be good.
 
2011-12-14 01:20:07 PM
keylock71: ...And this is supposedly the "smart" Republican?

He's the smart non-Mormon Republican.
 
2011-12-14 01:20:34 PM
GoodyearPimp: Article fails to mention how many government agencies would be eliminated, "solving" the "deficit" "problem".

If you got rid of ALL DISCRETIONARY SPENDING - ALL OF IT (Including ALL US MILITARY SPENDING) - It would still not even pay for the the tax cuts Newt is talking about.

Think about that we would remove ALL dictionary spending including military and it would still not pay.
 
2011-12-14 01:20:46 PM
Rann Xerox: Gingrich's tax plan is a variation of Herman Cain's plan. It will be called 68-68-68: The "Do-Me-And-I'll-Owe-You-One" Plan.

golf clap
 
2011-12-14 01:21:24 PM
make me some tea: Yacht builders everywhere will hire 20 more skilled craftsman to keep up with the demand!

That would help industry in my area, but at the expense of the nation. No thanks.
 
2011-12-14 01:21:42 PM
Corvus: So how do the "Obama is horrible because he is raising the deficit" conservative justify that the plans that the current GOP front runners have on taxes would increase the deficit even more than the current deficits?

This 'Obama is horrible because he is raising the deficit' conservative won't. Just more of the same stuipidity we are getting when they politicians pander to their electorate.

In theory, you could eliminate or reduce the deductions at folks are eligible for and that would could cut rates and yet raise revenue. However, to do that, the government also has to give up the power that these tax deductions give them. These deductions and policies like it are basically social engineering via the wallet.
 
2011-12-14 01:21:46 PM
Corvus: So how do the "Obama is horrible because he is raising the deficit" conservative justify that the plans that the current GOP front runners have on taxes would increase the deficit even more than the current deficits?

this ought to be good.


You think they'll actually get asked that? Much less answer it? Gingrich would just tell you your conclusions are dead wrong and berate you for not being as hyperintelligent as he is.

Romney would just get testy and deny it's his proposal (whatever his proposal is).
 
2011-12-14 01:21:54 PM
Well, if the debt gets TOO bad, a Democrat will get elected and we'll just blame it all on him. "This guy spent us to oblivion!" we'll shout from our echo chambers, and when the Democratic president suggests raising taxes to pay down the debt, we'll scream "it's not a revenue problem, it's a spending problem!"

And we'll suggest tax cuts as the solution to the debt. And people will vote for us.
 
2011-12-14 01:23:42 PM
Diogenes: You think they'll actually get asked that? Much less answer it? Gingrich would just tell you your conclusions are dead wrong and berate you for not being as hyperintelligent as he is.

Nope that's why I am bringing it up and will keep bringing it up.
 
2011-12-14 01:23:55 PM
Corvus
So how do the "Obama is horrible because he is raising the deficit" conservative justify that the plans that the current GOP front runners have on taxes would increase the deficit even more than the current deficits?

They'll just pretend that that isn't true. Facts have no place in the GOP.
 
2011-12-14 01:24:20 PM
Corvus: GoodyearPimp: Article fails to mention how many government agencies would be eliminated, "solving" the "deficit" "problem".

If you got rid of ALL DISCRETIONARY SPENDING - ALL OF IT (Including ALL US MILITARY SPENDING) - It would still not even pay for the the tax cuts Newt is talking about.

Think about that we would remove ALL dictionary spending including military and it would still not pay.


They spend way too much on military dictionaries. I say, no more military dictionaries.
 
2011-12-14 01:26:23 PM
well it's a good thing the R's are in control of the House and all the Appropriation Committees, otherwise everyone would blame Fartbama for all the out of control spending this year
 
2011-12-14 01:39:18 PM
GWLush:

Corvus: GoodyearPimp: Article fails to mention how many government agencies would be eliminated, "solving" the "deficit" "problem".

If you got rid of ALL DISCRETIONARY SPENDING - ALL OF IT (Including ALL US MILITARY SPENDING) - It would still not even pay for the the tax cuts Newt is talking about.

Think about that we would remove ALL dictionary spending including military and it would still not pay.

They spend way too much on military dictionaries. I say, no more military dictionaries.


To be fair, the Oxford English Dictionary refuses to recognize FUBAR and SNAFU as words.
 
2011-12-14 01:39:44 PM
ArkAngel: I don't trust Gingrich any further than I can throw him, but long-term revenue projections are notoriously flawed.

Our current budgetary problems were predicted by the CBO almost 10 years ago -- and the recession has only made them worse. The fact no one pays attention to the projections is a worse problem than their accuracy.
 
2011-12-14 01:45:28 PM
Corvus: So how do the "Obama is horrible because he is raising the deficit" conservative justify that the plans that the current GOP front runners have on taxes would increase the deficit even more than the current deficits?

this ought to be good.


It's adorable that you think Republicans actually give a damn about the deficit.
 
2011-12-14 01:48:27 PM
balloot:
It's adorable that you think Republicans actually give a damn about the deficit.


Many of us do. Just not the Republicans that are running for office, apparently.
 
2011-12-14 01:49:44 PM
DarnoKonrad: ArkAngel: I don't trust Gingrich any further than I can throw him, but long-term revenue projections are notoriously flawed.

Our current budgetary problems were predicted by the CBO almost 10 years ago -- and the recession has only made them worse. The fact no one pays attention to the projections is a worse problem than their accuracy.


the entire national debt would have been paid off by now if not for Dubya's tax cuts. i love that statistic more than almost any other.
 
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