Saturday, December 06, 2014

Romans Spent Years Building, Nero Spent a Few Hours Fiddling

A different kind of crumbling being ignored by the GOP.
I'm sure Nero's fiddling sounded something like this:
"[Obama has] the worst record of any president when it comes to putting America deeper in debt.”--Republican National Committee chairman Reince Priebus
Steve Benen does his usual great job chipping through that old outcropping of bullshit.
...just last week, congressional Republicans pushed for a package of tax breaks that would cost $440 billion over the next decade. How would GOP lawmakers pay for this? They wouldn’t... 
President Obama has overseen the fastest deficit reduction seen in the United States since the end of World War II. For that matter, nearly all of the president’s agenda – Affordable Care Act, immigration reform, etc. – would actually improve the nation’s finances. 
...turned a massive surplus into a massive deficit, putting two wars, two tax breaks, Medicare expansion, and a Wall Street bailout on the national charge card, leaving the bill for future generations. 
...public debt grew under Reagan – who promised as a candidate to balance the federal budget – by 186%. 
...H.W. Bush increased the debt by 55%, Clinton by 37% (he’s the only modern president to see surpluses), W. Bush by 86%, and Obama by 59%.
Benen doesn't even mention that most of the debt accumulation under Obama can be laid squarely at the feet of GW Bush, as shown by this well-known-outside-the-conservative-bubble chart.

So, at a time when Republicans' precious free markets are screaming at us to invest in infrastructure (low fuel, materials, labor, and borrowing costs), we are, instead of borrowing and spending on infrastructure that more than pays for itself like any good CEO would do now, watching little corporate piss ants like Reince Preibus give millions of wingnuts a talking point to drop like a bomb while they run away from the real fight.

But the frame is set that Democrats are free spenders, so the GOP looks thrifty while the country literally crumbles.

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