The Big Fat GOP Budget Lie
July 29, 2011
Exclusive: At every turn of the debt-ceiling battle, Republicans repeat the talking point that Washington doesn’t have a “revenue problem,” but a “spending problem” – as if saying so makes it true. But the reality is that today’s debt crisis is driven more by George W. Bush’s tax cuts than anything else, as Sam Parry explains.
By Sam Parry
Sometimes you just have to call something what it is. Simply put, congressional Republicans are lying about the federal budget crisis and thus are suffocating America’s chance for an open, honest debate about the tough choices that are ahead.
The GOP’s bogus argument is built on the oft-repeated sound bite that the federal deficit is a spending problem, not a revenue problem. That isn’t true, as the data and U.S. history plainly show. The current budget deficit is MOSTLY a revenue problem.