To reduce federal government spending by $38 billion in the second and third quarters of 2011 when the unemployment rate is 8.9% and the U.S. Treasury can borrow on terms that make pulling spending forward from the future into the present essentially free is not an accomplishment.It is incredible that none of the Democrats are yelling and screaming about the deficit hysteria by the Republicans. Just 4 months ago, Republicans thought nothing of adding $1 trillion to the long term debt of the US by extending the Bush tax cuts for billionaries and millionaires. But today, those Republicans are screaming that the US can't afford even $1 more of debt. Nonsense! And it is incredibly shameful that the Democrats don't make the case for the laughable hypocrisy of the Republicans over the budget.
It will knock between 0.5% and 1.0% off the growth rate of real GDP in the second half of 2011, and leave us at the start of 2012 with an unemployment rate a couple of tenths of a percent higher than it would have been otherwise.
Remember all those boasts from the Obama administration last November about how they had gotten a fiscal stimulus through congress to boost the economy in 2012? All that was just undone, offset, neutralized.
And so once again, we are defeated.
To understand the cretinous thinking of Republicans, ponder this poll reported by Public Policy Polling:
We asked voters on this poll whether they think interracial marriage should be legal or illegal- 46% of Mississippi Republicans said it should be illegal to just 40% who think it should be legal. For the most part there aren't any huge divides in how voters view the candidates or who they support for the nomination based on their attitudes about interracial marriage but there are a few exceptions.This is the party that will shape the future of America by both its budget policies and it racist policies. Good luck America!
Palin's net favorability with folks who think interracial marriage should be illegal (+55 at 74/19) is 17 points higher than it is with folks who think interracial marriage should be legal (+38 at 64/26.) Meanwhile Romney's favorability numbers see the opposite trend. He's at +23 (53/30) with voters who think interracial marriage should be legal but 19 points worse at +4 (44/40) with those who think it should be illegal. Tells you something about the kinds of folks who like each of those candidates.
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