A prediction: Republicans won’t shrink the deficit

In this election cycle, Republicans have made curbing federal spending a big part of their campaign. They’ve also pledged to cut taxes. And the two promises certainly sound good to voters.
So, if the GOP wins the House, as expected, what will happen to the deficit? Here’s my prediction: Two years from now, the deficit will be no smaller. It may even be larger. Why? Because Republicans won’t do much to rein in spending. And if they cut taxes, there won’t be enough revenue to fund the budget.
It’s simple elementary school math.
It might help to take a look at how the federal budget got to be such a mess. Justin Fox of the Harvard Business Review Group says:

In other words, the giant deficit is mainly the result of the collapse in tax receipts brought on by the recession, not the increase in spending. Nice to know, huh?

You can read more about Fox’s model here.
Republicans, aided by the rightwing communications machine, have persuaded voters of a couple of things that happen to be wrong. One is that President Obama has substantially increased spending on wasteful government programs. In fact, one-third of the stimulus was in the form of tax cuts. And the bank bail-out, which started under George W. Bush, has mostly been paid back — earning taxpayers a profit. The health insurance law will reduce the deficit over ten years, not add to it, according to the non-partisan Congressional Budget Office.
But continuing to depress revenues with a huge tax cut for rich Americans will certainly make the deficit larger. That’s a fact.

409 comments Add your comment

Selective Amnesia

November 2nd, 2010
4:48 pm

Harry is clearly a psychic; he is omniscient. Someone get this guy an 8-ball.

Harry Callahan

November 2nd, 2010
4:49 pm

Sid Farcas

November 2nd, 2010
4:36 pm

“By the way, I think it is funny how the call for Hildabeast is already coming from some corners of the dem party. Ahh yes, the next two years for dems is going to be interesting. Obama or Hillary? What shall we do?”

I think the perfect ticket for Democrats in 2012 would be Chris Matthews and Joy Behar.

Selective Amnesia

November 2nd, 2010
4:50 pm

Red vs. Blue, which GANG will prevail? Who will have bragging rights for the next couple of years?

A dad

November 2nd, 2010
4:52 pm

How about we do away with the IRS and enact a national sales tax. That way, everyone, legal or illegal, rich or poor, black or white, pays their respective share. But, to lessen the impact on individuals and families with minimal incomes, devise a cut off point and then at year’s end, refund a percentage or set amount ot offset the national sales tax. If those evil rich buy yatchs and JetStreams and Maseratis, etc., they’ll pay the identical tax rate to someone who buys a Focus.
Nah, too simpy, and not enough opportunity for our beloved politicians from both party’s to skim off the funds to protect their pork.
If y’all haven’t realized that we get the shaft regardless of which party is in power, then I fell for you. Me, I’d prefer to keep more of my hard-earned spoils, and not “spread the wealth.” If I did it, believe me, you can too if you work as hard as I did.

Harry Callahan

November 2nd, 2010
4:52 pm

Cynthia’s prediction: Republicans won’t shrink the deficit.

Harry’s prediction; Cynthia will mysteriously be off-line tomorrow.

Brittanicus

November 2nd, 2010
4:54 pm

WE MUST REMOVE THE POLITICIANS, WHO ARE PANDERING TO ILLEGAL IMMIGRANT INVASION

Even the Tea Party will also be held accountable, as will those lawmakers already in Washington. That is the promise of the Tea Party to the American people. A new vision for this country is at hand, that will scrub clean the corruption in Washington, deep six the Liberal extremists, and stem the unfavorable tide of special interests groups that have crippled the people’s interests. Hopefully this will eliminate the Tax and spend mountainous problem, which is already out-of-control with revised 16 Trillion US dollar deficit. More balanced free trade agreements and a revised Health Care package, that doesn’t bankrupt America. ATTENTION: Watch for irregularities at the Polling places and be observant of voter fraud with absentee ballots. LARGE POPULATION OF NON CITIZENS WHO VOTE COULD COMPROMISE ANY CLOSE RUN RACE. HAVING ALREADY VIOLATED THE LAW, FOREIGN NATIONALS HAVE NOTHING TO LOSE. CALIFORNIA, NEVADA AND OTHER BORDER STATES MUST BE CAREFULLY SCRUTINIZED.

Remember! That if you are for the State of Arizona rigid enforcement of Immigration law which includes SB1070, it would be extremely foolhardy to vote back any Liberal-Democrat to the House or Senate, as they can do much damage to our wilting economy. Senator Harry Reid of Nevada has already promised to attach The Dream Act, to any new Amnesty. Senator Barbara Boxer is of the same mind, that the 12 to 20 million illegal aliens should be rewarded even though they broke the law. America has become a welfare entitlement landing place for the destitute of the world. Yet the American people are treated with indifference and rejected for their economic needs? The thought of adding another 2.6 Trillion dollars (Heritage Foundation estimate) to our already diminished reservoir of public services for the use of illegal aliens, is absolutely irrational. Casino head’s have likely intimidated their staff to vote for Harry Reid, as the entertainment and service industries are well supplied with illegal workers. The thought passed through my mind, that Tea Party members should boycott Harrah and other Casino’s?

The problem is, it’s a civil infraction and doesn’t become a serious offense, until you reenter the United States after being deported? It up to the new Congress and specifically TEA PARTY members to uphold the 1986 immigration law, and perhaps make it a felony like other countries, including Mexico. None of the Incumbents want to open the proverbial can of worms, as they are all Pro-Amnesty. It would be like Icarus flying into the sun, with wax wings.No Liberal has any gonads to tell the truth of their so-called progressive ideology. Even Gubnatorial Jerry Brown has stayed silent, about what to do about the principle Sanctuary Cities of San Francisco and Los Angeles, as both have been infiltrated by Liberal progressives, who want no border and the free flow of cheap labor. How can any Politician really even think of allowing a run on the border should there be another Amnesty, when millions and millions of Americans have no job? The TEA PARTY must turn their attention to stopping the drain of jobs to foreign lands, as our manufacturing base is been obliterated by unfair competition from mainly China. We must bring jobs home and stop patronizing Mexico, as hundreds of companies have product bases there and selling them back to America. We cannot go on like this as the US dollar, will soon be worth less than other developed nations. We must rid ourselves of the cheap, shoddy goods from China and start buying made in the USA again.

Former president Bill Clinton effort for Jerry Brown, will not stop the avalanche of NEW TEA PARTY members from changing their agenda. Jerry Brown is likely to win so will be owing a lot of favors to Union, who packed his campaign war chest. His Sanctuary city policies will destroy his Liberal plans, that has drawn massive criminal aliens into the State in the form of illegal gang members who have slaughtered innocent citizens. Possible new Lieutenant Governor’s Gavin Newsom, another hard core liberal should he win, will also bring with him the blemish of illegal alien murders, rapes, assaults to his new position and his neglect to enforce immigration laws in San Francisco. Reid’s Nevada has the highest unemployment nationwide, and Boxers California have some of the highest jobless rates in the nation. The Tea Party and other proponents will not open the border gates, and will use a composite of the new state of the art E-Verify, to start dislodging illegal workers.

The Leg Lamp is a "major award", much like Cynthia Tucker's Pulitzer and Obama's Nobel.

November 2nd, 2010
4:55 pm

Open ended question to the left…

The dems have been in control of Congress for 4 years, but it wasn’t “enough time” to fix the damage. If the reps take over the house in tonight’s election, will it be okay in 2 short years to say they didn’t have “enough time” to fix the problems that linger today?

Harry Callahan

November 2nd, 2010
4:57 pm

Dig this headline over at CNN online right now…

“Democrats privately admit House loss looks likely”

LOL…in related news, Al Gore concedes his chances to win the presidential election in 2000 are “not good at this point.”

Rafe Hollister

November 2nd, 2010
4:57 pm

Harry,

You are right, I see a vacation in the Bahamas for Sinthee, Nancy, and Harry.

Ragnar Danneskjöld

November 2nd, 2010
4:58 pm

Dear What @ 3:29, 2009 National Defense expenditures totaled $661,049,000.
2009 total on budget federal expenditures totaled $3,000,665,000 plus an additional $517,016,000 off budget (mostly socsec). Not that it really matters to you.

Selective Amnesia

November 2nd, 2010
4:58 pm

@ Leg: “You mean like when Obama said “we won”? Well then, I agree.”

Sure! Why not? Please don’t confuse my disdain for the repukes with admiration for the dummycrats. I know it’s hard for some of your ilk to decipher when someone genuinely has disdain for BOTH parties without attaching automatic liberalism to it. The repukes just happen to be the topic of discussion here…

Johnny Fontane

November 2nd, 2010
4:59 pm

Cynthia be need’n her some purple drank.

flagger

November 2nd, 2010
5:00 pm

tell it to cnn cynthia or maybe msnbc that way ure preaching to the choir…
government spending is kinda like a monkey peeing in a cash register..
pretty soon it runs into money, that we don’t have. we are broke, broke, bankrupt,
busted, no more moolah. is that so hard to understand?

The Leg Lamp is a "major award", much like Cynthia Tucker's Pulitzer and Obama's Nobel.

November 2nd, 2010
5:02 pm

Selective Amnesia
November 2nd, 2010
4:58 pm

Which “repuke” actually said “we won” as did Obama?

Selective Amnesia

November 2nd, 2010
5:03 pm

“The dems have been in control of Congress for 4 years, but it wasn’t “enough time” to fix the damage. If the reps take over the house in tonight’s election, will it be okay in 2 short years to say they didn’t have “enough time” to fix the problems that linger today?”

How long did it take to create the damage, or was it ongoing? How long does it take to put special interests aside and at least ACT like you work for the PEOPLE, and not the other way around? Serious question for the left AND right since both can and have been bought by special interests…

Creamy Crack

November 2nd, 2010
5:05 pm

Tax creamy crack!

Harry Callahan

November 2nd, 2010
5:08 pm

“The sitting president of the United States, especially one who once cultivated such an aura of dignity, does not go on a comedy show to be called “dude” or make small talk with Ryan Seacrest unless he knows that something very large and awful is heading his way.”

“Power Play doesn’t recall Ronald Reagan making an appearance with Casey Kasem in 1982, so it’s safe to say that Team Obama has abandoned the long-cherished hope”

Selective Amnesia

November 2nd, 2010
5:09 pm

“Which “repuke” actually said “we won” as did Obama?”

@ leg-What do you mean “as did Obama”? Are you asking me to speak on perception, knowing that it is impossible? Did you perceive his “we” to mean: America? The dummycrats? The unaffiliated who were fed up with Bush? BLACK PEOPLE?

Take your pick of repukes, as they have been claiming victory for weeks.

Sid Farcas

November 2nd, 2010
5:09 pm

Harry Callahan

November 2nd, 2010
4:49 pm
Sid Farcas

November 2nd, 2010
4:36 pm

“By the way, I think it is funny how the call for Hildabeast is already coming from some corners of the dem party. Ahh yes, the next two years for dems is going to be interesting. Obama or Hillary? What shall we do?”

I think the perfect ticket for Democrats in 2012 would be Chris Matthews and Joy Behar.

Harry, that would be a great representation of their core base. Good call.

JP

November 2nd, 2010
5:10 pm

I am as Dem as they come, but if the Rs win back Congress, I am willing to see what they come up with before dismissing out of hand. I think each party has some good ideas.

Ben The Independent

November 2nd, 2010
5:12 pm

Get your Harvard Super Dude to tell ya why the tax receipts are down. He may agree with ya that the left wing media caused the this problem. This tax receipts issue is something that the Main-Stream right wing media should address.

HBGDawg

November 2nd, 2010
5:12 pm

You are such a bleeding heart liberal. You unashamedly don’t even try to be unbiased.

The Leg Lamp is a "major award", much like Cynthia Tucker's Pulitzer and Obama's Nobel.

November 2nd, 2010
5:12 pm

Selective Amnesia
November 2nd, 2010
5:09 pm

A lot of rhetoric but no answer I see. Repukes? Is that the best you’ve got?

Anyway, the “we won” I was referring to was when Obama addressed the Republican Congressmen when they were meeting to try to get a bipartisan effort in place. Just how will the libs perceive a “we won” comment from Boehner is he’s elected Speaker?

Selective Amnesia

November 2nd, 2010
5:15 pm

“WE MUST REMOVE THE POLITICIANS, WHO ARE PANDERING TO ILLEGAL IMMIGRANT INVASION”

You hold your incumbents accountable once they are elected. Since this seems to be a repuke issue, dare I ask why the only time immigration reform is mentioned is when a repuke is NOT in office? We eagerly awaited Regan, Bush 1, and Bush 2 to do something about it. NOTHING. What gives?

john galt

November 2nd, 2010
5:20 pm

Cyndi,

Good to see that you aren’t getting your facts from Wikipedia (at least this time). But let’s set the record straight:

1. The healthcare bill is already surpassing the CBO’s cost estimates, and it’s barely even started to take effect. I guess we really DID need to pass it to learn what is in it.
2. Obama has had two years to reduce wasteful spending and he has not (and how does your next sentence in the article – “in fact, one-third of the stimulus…” – have anything to do with this point of yours?
3. Red or Blue, this government needs to be replaced.

As to your final salvo on tax cuts, we need to stimulate this economy by squaring the budget deficit NOW. The total federal debt, taking all unfunded liabilities into account, is above $100 TRILLION. Add the state and local liabilities to this, and there is no way we can survive unless we take a serious cut at spending.

Tax increases I can live with, but only if we balance the budget and reduce waste. Now, come up with a plan that does that and I’ll vote for a darn Martian. I’d even vote for – gulp – you.

Selective Amnesia

November 2nd, 2010
5:22 pm

@ leg, what Republican congressman? I don’t sit around listening to talk radio/watching opinion shows all day. I have a life. This isn’t the same “republican congressman” (with no name, but I’m sure you’ll google him) who Obama has denied having a closed door meeting with, is it? I am certainly humored by the notion of a republican trying to get a bipartisan effort in place, though. THOROUGHLY amused. And I can’t speak for “libs” since I am not one. Sorry…

I can think of a million other vulgar names to call the repukes but that is against blog rules and would require our moderator to remove the post.

Tundra Dude

November 2nd, 2010
5:23 pm

Imo, much ado about nothing. Prof Quigley must be smiling in his grave.

Carroll Quigley wrote in his book Tragedy and Hope:

“The argument that the two parties should represent opposed ideals and policies, one, perhaps, of the Right and the other of the left, is a foolish idea acceptable only to doctrinaire and academic thinkers…Instead, the two parties should be almost identical, so that the American people can “throw the rascals out” at any election without leading to any profound or extreme shifts in policy.”

~Professor of History at Georgetown University, member of the Council on Foreign Relations, mentor to Bill Clinton (1910-1977)

Bobby

November 2nd, 2010
5:24 pm

Yes We Can turned into Oh No He Didn’t. Ms. Tucker I refused to read this article because I made the mistake of reading one of yours in the past. I can already tell its full of unrelated hyperbole and a total lack of truth or knowledge on what makes this country run well – I’ll give you a hint – it doesn’t involve anything the dems think are important so just move along now – there is nothing to see here.

Michael

November 2nd, 2010
5:24 pm

You are right Cynthia. The R’s have no plans to reduce the size of government; they are all talk. Look at what happened during the 1994 Republican wave with their Contract. One of their goals of the 1996 Republican platform was to abolish the Department of Education. At least at that time the Education department did not have its tentacles at the local and state level like it does now. It was a young department and it was possible to abolish it. Give the Rs just five short years and Bush supported and passed the House and Senate (both R majorities) No Child Left Behind. This greatly expanded the Department of Education to the point there is no chance to abolishing it now.
The same thing will happen with health care. Give the Republicans time, a couple of election cycles, and they will expand what is known now as ObamaCare. In fact, there is an equal probability that the Rs will usher in a single payer (socialized health care). The Rs take it slow while the Ds like to do the same in one election cycle.

Bobby

November 2nd, 2010
5:27 pm

Where is GA Coach Grantham at when you need him – I’d like to choke this windbag of a reporter – what a clueless individual. Must be a liberal.

Selective Amnesia

November 2nd, 2010
5:27 pm

“I am as Dem as they come, but if the Rs win back Congress, I am willing to see what they come up with before dismissing out of hand. I think each party has some good ideas.”

What planet did you just arrive from? On what planet do people win votes without presenting “what they come up with” to the people first? What “good ideas” have come from either party in the last four years? Don’t answer the last one, I prematurely cringe at the answer. You are “as dem as they come” after all.

Dem Lies

November 2nd, 2010
5:28 pm

Cynthia – a prediction well rather a fact. You will be wrong AGAIN! Shrink, heck at the rate the King Obama is spending our money just stopping the deficit spending will be a plus!

Paddy O

November 2nd, 2010
5:29 pm

You short sighted fools need to understand that it was CHENEY, who famously stated “deficits don’t matter”. He was not part of the Gingrich 94 Contract with America. Cheney will not be involve in the republican party again, thank the lord above. Both repub administrations associated with Cheney, Reagan & Bush 2 both ran up huge deficits. That will not happen again. We are back again to Gingrich fiscal conservativism. Get ready to slash the federal budget.

Selective Amnesia

November 2nd, 2010
5:30 pm

@ Bobby. Thanks for proving my point. Didn’t bother to read it, yet your mind is already made up. Typical. There really is nothing left to see here, good day folks…

Paddy O

November 2nd, 2010
5:31 pm

regarding the “take back” comment – it is not against Obama’s skin color, the content of his political character – the man was rated as one of the liberalist leaning in the SEnate, he just trended toward the middle during the campaign. Obummer also has a big tendency to throw friends & blood relatives under the nearest bus. so please, stop using the skin color as a crutch.

calvinb

November 2nd, 2010
5:32 pm

When are you dumbazzes going to admit that most of the spending that the Obama admin did was to save the economy from falling into a deep depression. This is compared to the unnecessary crazy spending done by the Bush Admin, designed to attack a nation that hadn’t done anything to the U.S. other than talk siitt!! This is how you look at facts. Not the nonsense you all have been expousing. Keep messing up the economny and nobody will be able to save it. Pres. Obama’s spending ran up the debt and averted a deep depression. Big Business was supposed to step in and do their part, but guess what they did. They held the ball and ran out the clock. That is the way you grow the economy dummy. All genuises!!!

The Leg Lamp is a "major award", much like Cynthia Tucker's Pulitzer and Obama's Nobel.

November 2nd, 2010
5:32 pm

Selective Amnesia
November 2nd, 2010
5:22 pm

“I don’t sit around listening to talk radio/watching opinion shows all day. I have a life.”

Riiiight. But you blog on here for hours.

No need for me to google it. I said “Congressmen”, the plural form, and you erroneously deduced that I said “Congressman), the singular form. I’m not surprised you missed that point. I actually watched the news that night. Network news, believe it or not. John McCain, Lamar Alexander and John Boehner were just a few of the republicans in attendance.

Sid Farcas

November 2nd, 2010
5:33 pm

SELECTIVE AMNESIA HAS LEFT THE BUILDING FOLKS! Probably calling the suicide hotline as I post. Poor soul.

Ken R

November 2nd, 2010
5:33 pm

Rightwing communications machine, DUH! in case you were born last night, most of the comnication machines are all Liberal, including you.

Do you really think that your liberal readers are dumb enough to believe that? I guess you do or you wouldn’t have written something so stupid.

The Leg Lamp is a "major award", much like Cynthia Tucker's Pulitzer and Obama's Nobel.

November 2nd, 2010
5:34 pm

calvinb
November 2nd, 2010
5:32 pm

You must have missed Sen. Reid’s pronouncement. HE was the one who saved us from the depression. :roll:

Sid Farcas

November 2nd, 2010
5:35 pm

calvinb

November 2nd, 2010
5:32 pm

Yeah calvin, that dog don’t hunt no more. Time for a new spin. I know, it was Reagan’s fault. What the hell, he’s dead and can’t defend himself. A liberal’s favorite type of target.

Selective Amnesia

November 2nd, 2010
5:35 pm

Paddy O, but..but I thought the Tea Party mantra of “taking back our country” had nothing to do with Obama?

A clueless and inconsistent bunch, you are. Smh…

Independent minds

November 2nd, 2010
5:36 pm

All rubbish Cynthia, but what’s new? If only the AJC allowed us to vote CT out of a job today, the day would be grand! Face it- the gig is up. This country woke up to the destructive sham that the liberal machine has been shoving down our throats for 2 years, and it has been soundly rejected! Only two more years til we correct the really big mistake from 08. Signed, registered independent.

The Leg Lamp is a "major award", much like Cynthia Tucker's Pulitzer and Obama's Nobel.

November 2nd, 2010
5:38 pm

Selective Amnesia
November 2nd, 2010
5:35 pm

Sort of like this election is “NOT about Obama”? BWWAAAAAAAHAHAHAHAHAHAHA!!!

ODDOWL

November 2nd, 2010
5:39 pm

The Bush/Cheney debt is $11 trillion. The Bush/Cheney deficit is $1.3 trillion a year. The Obama Democrat debt is $3 trillion. The Obama Democrat deficit is $300 billion a year. The deficit today is lower than the Bush/Cheney Regime’s 2008 projections for the year 2010. The Democrats cut 25 different taxes on the middle class over the last two years. The 5% cut in the Fed. income tax on middle class workers increase their net income by about $6000 a year. That $6000 a year pay increase will probably be the largest raise these workers ever received. All the legislation passed and signed into law were paid for, except for the stimulus bill. The TARP bailout saved the banks and prevented a depression. TARP has produced enormous profits for the Feds, plus the banks have paid most of the money back. The auto industry bailout is a roaring success. The auto industry is raking in record profits and have repaid the loans. The Feds made a healthy profit from the shares of stock it held as collateral. The cash for clunkers program was great for the auto industry and the consumers. The Democrats legislative agenda over the last two years has been a rip roaring success. Probably the most energetic in the history of the country. If the Repuklicans take control of the House, they will go back to the Bush/Cheney agenda. The results of their actions will produce a prolong depression. The richest 10% will get richer and the other 90% will get poorer. Who’s at fault ??? The Voters.

Black Boortz

November 2nd, 2010
5:41 pm

“Republicans won’t shrink the deficit”

But Democrats will DEFINITELY grow it!!

The Leg Lamp is a "major award", much like Cynthia Tucker's Pulitzer and Obama's Nobel.

November 2nd, 2010
5:41 pm

So this is how he brings a new tone to America.

“WASHINGTON (AP) – Even with voting already under way, President Barack Obama furiously worked the phones to urban-format radio stations Tuesday, arguing that his agenda would be “all at risk” if Republicans trampled Democrats.”

Selective Amnesia

November 2nd, 2010
5:41 pm

@ leg: HOURS? Do you log my time? Lmao, my first post was about an hour ago, and now I’m leaving to do productive things, much to Sid’s chagrin. I’ll see your “we won” and raise you a “I’m the decider.” Both parties SUCK, have a nice night.

RGB

November 2nd, 2010
5:42 pm

I wonder if Ms. Tucker believes that deficit reduction should even be a goal.

Certainly His Barackness doesn’t.

One might say he doesn’t speak with a fiscally responsible dialect–unless he wants to.

Sid Farcas

November 2nd, 2010
5:43 pm

ODDOWL

November 2nd, 2010
5:39 pm

And another libtard takes center stage to show his/hers ignorance. Damn this election is pissing them off.