The CBO has stated in a recent report that GOP spending cuts are not helping the deficit. John Boehner turned his attention quickly over to Benghazi as the reports were made public. PoliticusUSA reported recently on the new information.
On Tuesday, the non-partisan Congressional Budget Office (CBO) reported that the nation’s debt is $231 billion less than the budget shortfall for the same period last year, and they also highlighted the fact the declining debt is entirely due to increased revenue and not Republican spending cuts that do more harm to the economy than good.
The reports come at an inconvenient time for Republicans politically as the economy grows due to more revenues and once again shows the problems with massive spending cuts during a time of recession. The economic upturn is partially fueled by rising home prices and largely due to the payroll tax hikes which were taken on by the 93% of Americans who weren’t considered ‘top wage earners’ in 2009-2011. Home prices put more value into the pockets of homeowners who survived through the insanity with the banks and the money coming out of paychecks everywhere funded the rest of the debt recovery which is now on a downward trend. The draconian cuts imposed by the elected Representatives from 2010 added an additional 1% unemployment to the country and tanked Public Sector growth just as Obama’s policies were helping the Private Sector growth. John Boehner and crew have been busy punching holes in the dam while Obama runs to fix the holes they make. We are pretty sure at this point that the word “fiscally responsible” is a phrase that has some double meaning we are not seeing yet.
Like any other trapped rat, Boehner turned his attention to any lifeline that he could grab hold of. Boehner has since decided that if he is to avoid answering for the GOP’s attempt to destroy the government, he must turn to Benghazi with the partisan conspiracy theorists are trying to pummel Obama and Hillary Clinton for embassy security cuts which were proposed and voted for by the same people on the Oversight committee managing the hearings. Only 1 of the Republicans who is appointed to the Oversight committee voted against the cuts to military security funding. So Boehner’s sudden interest in the problems around Benghazi are not going to be the beginning of the GOP’s problems coming into mid-term election season.
Republicans are running like cockroaches away from the association with Paul Ryan’s budget proposal and fight to weaken the country in order to make Obama look weak. However, on the bright side, the national deficit is down over 200 billion from last year. It puts to light the extreme extension of the truth and sometimes outright lies of those pundits and tax-hawks on the Right. If spending cuts during recession had helped, then the majority of the country wouldn’t be footing the bill and people would have more money to put into their local economy. However, the cuts to worker paychecks cut spending in local communities who were also suddenly tax-strapped from those Federal cuts laid down from the House. So the majority of Americans ended up paying for those cuts in their local taxes which were sold on people as liquid capital that they would suddenly have. Unfortunately when the House cut programs, those programs pulled money out of every community in the country, and unless Ayn Rand zombies have taken over… this is not a good thing for the workers of America. Revenues are still balanced towards the top 7% of wage earners who saw their income grow 28% over the period of 2009-2011 according to the Pew Research Center while the remaining 93% of Americans saw income drop by 4%.
Boehner and House Republicans are trying to squirm away from a massive theft from the American people and they are now pandering to a non-issue to avoid answering up to it.