Sanity
Posts: 22039
Joined: 6/14/2006 From: Nampa, Idaho USA Status: offline
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quote:
ORIGINAL: tazzygirl And his opinion of the speech has what to do with either plan? It underlines the fact that Obama was being disengenuous when describing his "plan" quote:
ORIGINAL: tazzygirl Obama used the commission’s framework, calling for changes to Medicare, Medicaid, defense spending and the tax code. But on a key metric — debt as a share of GDP — Obama’s proposal would reduce it to 75 percent by 2023, versus 60 percent under Bowles-Simpson, according to Galston’s analysis. Read more: http://www.politico.com/news/stories/0411/53242.html#ixzz1JtjWTyy3 Seems like they were looking for 40%, not 23. Try agai, the CBO hasnt scored Obamas "plan" and even Reuters, which leans pretty far to the left on most things is ripping Obama a new one over it quote:
Obama’s $2 trillion stealth tax hike Talk about fuzzy math. President Obama claims higher taxes will account for a mere third — $1 trillion — of his proposed $3 trillion debt reduction over 12 years, not counting less interest expense. Wrong. The actual number is probably around 50 percent of $4 trillion in savings — some $2 trillion — and could be closer to 60 percent. (More details below.) Instead of offering a template for a Grand Compromise, Obama seems to have created a Grand Obfuscation. ... 1) Obama’s Framework is a speech, along with a roughly 15-page fact sheet that is unlikely ever to get placed under the CBO microscope. It’s tough to score generalities such as the president’s claim the plan would put “deficits on a declining path toward close to 2.0% of GDP toward the end of the decade.” “Close to”? “Toward the end”? 2) The Obama Framework also fails to give a clear trajectory of where the debt-to-GDP ratio is heading, other than to call for a trigger that would boost taxes or cut spending in 2014 if the ratio doesn’t appear to be bending lower. 3) Other oddities abound. The plan has a 12-year time frame rather than the customary ten. It doesn’t indicate what baseline it uses to make claims that it cuts debt by $4 trillion, if you include interest expense. Nor does it spell out what economic projections are being plugged in. Obama’s 2012 budget released in February was more bullish than the CBO’s, which Ryan uses. 4) Also unlike the Ryan Path, the Obama Framework doesn’t show how his plan affects debt and deficits over the coming decades. If it did, Obama would have to reveal that he can’t a) keep government spending above historical levels and b) balance the budget and reduce debt long term without c) jacking middle class taxes through the roof. The Obama Framework is so vague and fuzzy that doing a true apples-to-apples comparison between the Ryan Path and the Obama Framework comparison is almost impossible. (Best guess: Ryan cuts $3 trillion more than Obama over a dozen years.) This could be intentional. The tax issue mentioned earlier provides a perfect illustration. Toward the end of his speech last week, Obama said the following: Full article here
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Inside Every Liberal Is A Totalitarian Screaming To Get Out
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