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Wow..they did all this is a mere 7 months of being in Congress ?
They are one powerful minority non-official political group aren't they ?
Imagine if they had the majority and if they became a real political party.
It's so easy to point fingers to a group you don't like and blame them for all the problems in America which started way before "tea party" was even born.
Is Libya an unfunded Republican war ?
Is Yemen an unfunded Republican war ?
Is Somalia an unfunded Republican war ?
Is the continued occupation of Iraq and Afghanistan since 2009 also an unfunded Republican war ?
Where have you been for 2009 and 2010 when the Dems had total control of the government and did nothing to end these wars ?
The Dems are now war mongers like it or not.
Obama extended the Bush tax cuts with the Democratically controlled 111th Congress. These tax cuts for billionaires are the Democrat's tax cuts for billionaires.
Ok, what specifically do you want to cut? You can use the New York Times Budget Puzzle and anyone with half a brain will see that there aren't any spending only solutions to the budget.
But once again, the Republicans have hijacked the narrative that the nations should be focusing on the budget and not jobs.
Can you not understand that putting our budget in balance and our fiscal house in order is one of the very important steps toward job creation in the private sector? At the same time, regulatory laws and rules must be rescinded to sanity and this threat of tax increase to those who create jobs in the private section has to be stopped.
I will repeat for the umpteenth thousandth time:
1. Corporations never pay taxes...every single "cost of doing business, including taxes paid" is added to the cost of the product or service produced and is passed down to the end consumer. Citizens who consume pay their own taxes plus the taxes imposed on every single business up the line of whatever they consume.
2. Federal Government needs to stay within the bounds of our Constitution. Our Constitution limits the Federal Government greatly. So much of what has been imposed on this country is basically unconstitutional. That is the fault of we voting citizens...we let our elected officials get away with overreaching when we should throw them out of office every time they get out of line.
The fact that 79% of the tea partiers are white, doesnt make it a racist group...
If there is a group, that minorities dont join, its not the groups fault, unless they are excluded.
First, I believe that the majority of the population of the United States is white which will, of course, transfer to any "general" interest group.
I, too, am getting very tired of this racist mentality...if someone feels their race has been attacked, then take care of it yourself. It has been known for centuries that no one can "legislate morality!" Respect can only be earned...never shoved down anyone's throat!
2. Federal Government needs to stay within the bounds of our Constitution. Our Constitution limits the Federal Government greatly. So much of what has been imposed on this country is basically unconstitutional. That is the fault of we voting citizens...we let our elected officials get away with overreaching when we should throw them out of office every time they get out of line.
Can you not understand that putting our budget in balance and our fiscal house in order is one of the very important steps toward job creation in the private sector? At the same time, regulatory laws and rules must be rescinded to sanity and this threat of tax increase to those who create jobs in the private section has to be stopped.
You have just outlined three fallacies and I alternatively contend that you do not understand basic macro economics.
1) cutting government spending in a time of non-peak demand, which means the government laying people of; cancelling private contractors and/or reducing transfer payments does the OPPOSITE of 'job creation in the private sector.'
When government fires people, those people aren't going out and buying new cars for fixing up their houses. When government cancels contracts, companies reduce their workforce not hire more workers. When seniors get their Social Security cut, they spend less which reduces consumption and negatively impacts employment.
2) Regulation is a necessary part of government power because the government must make the rules of the road. While clean water and clean air regulations might cost companies who must spend money to buy devices to reduce pollution, those regulation reduce the costs of those downstream, who otherwise are would have higher medical and death costs due to pollution. China poisons its people and its environment. The only way they could hold the Beijing Olympics was by banning automotive travel long enough to make the air breathable. You don't think having unbreathable air is a drain on the economy?
3) There is no economic evidence that higher tax-rates reduce business investment. None. Businesses invest to earn profits. They will continue to do so as long as there is profit to be made. A business that planned on earning $2 million in profit on a project isn't going to cancel the project if they have to pay an additional $200,000 in taxes, and earn only $1.8 million.
Who's going to invest in an environment in which the government is killing GDP?
You didn't carefully read your own source. According to the authors, the Romers, who separated tax changes into two main categories: endogenous (that is, motivated by a desire to stimulate a faltering economy or pay for planned increases in spending) and exogenous ("any tax change not motivated by a desire to return output growth to normal"). The effects of endogenous tax changes are especially hard to disentangle from other economic factors and found that tax increases explicitly intended to reduce a budget deficit didn't have much of a negative effect on GDP. The Romers also found a 2.1-to-1 impact for tax changes intended to counter a slowdown, but expressed very little confidence in that number—for the reasons expressed above and also because there just haven't been many such tax cuts in recent decades.
I also don't think you know what you are talking about when you assert that "government is killing GDP."
You didn't carefully read your own source. According to the authors, the Romers, who separated tax changes into two main categories: endogenous (that is, motivated by a desire to stimulate a faltering economy or pay for planned increases in spending) and exogenous ("any tax change not motivated by a desire to return output growth to normal").
Um... no.
Quote:
"One particular motivation that is common and that falls into the exogenous category are tax increases to deal with an inherited budget deficit. An inherited deficit reflects past economic conditions and budgetary decisions, not current conditions or spending changes. If policymakers raise taxes to reduce such a deficit, this is not a change motivated by a desire to return growth to normal or to prevent abnormal growth. So it is exogenous."
Obama wants to raise taxes to offset HIS OWN multi-trillion dollar deficit (over $4 trillion now according to CBS News), so it would indeed be considered exogenous.
The result: nearly 3% reduction in real GDP for every 1% (GDP) tax increase.
Is there any doubt that the actions of the Tea Party Republicans have brought us to the brink of depression... Then blame liberals... You don't drastically cut back government spending in a recession, unless your goal is to cause a depression... Also keep in mind that virtually all of the debt was created by the Republicans with their unfunded wars and tax cuts for the wealthy...
A lot of doubt. Your dems also voted to go to war. Your dems held the house the senate and the office and didnt pass a balanced budget. Didnt even make the attempt.
They did pass a healthcare bill that does nothing but dump billions of tax dollars into the banks of big insurance companies.
They did increase foreign aid. They did increase the debt by 4 trillion dollars.
The last 2 years of GWB the dems owned the house. So your Dems own what happened during that time also.
The point is the tea party didnt do this. The dems and the gop did it. It was truely a non=partisan effort.
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