Friday, May 1, 2015

Republicans go on deficit spending binge, crash economy and lose election

Same Horseshit. The Republican Communist party wants a spending binge for their glorified welfare supporters (Tea Party Welfare Bums). I will mention this horse shit time and again, all the way through the election, and I guarantee, they will lose the election. This is Rubio, the 18 year old dimwit with with no economic sense and a delusion as big as the Mississippi.
Fiscal Times: Congressional Republicans vowed this year to take a more “dynamic” approach to budgeting in their drive to eliminate the deficit within a decade. Their goal – simply put -- was to squeeze out a lot more in projected revenues over the coming years through rosy assumptions about the long-term economic and budgetary impact of their tax and spending policies.

Shortly after the GOP took control of Congress in January, the House Republicans adopted a new rule requiring budget scorekeepers at the Congressional Budget Office and the Congressional Joint Committee on Taxation to do an analysis of “major” legislation that projects the macroeconomic effects of the policy changes over time.

The analysis, known as “dynamic scoring,” has been controversial among economists dating back to the Reagan administration of the 1980s because it is so imprecise.

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