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Tuesday, December 04, 2012

This Heritage Has No Foundation

pgl highlights the Heritage Foundation's response to the Republican budget proposal (though I fear calling it a proposal gives it more credit than it deserves:

Heritage Foundation on the Republican Offer on the Fiscal Cliff: ...let’s turn to Alison Acosta Fraser and J.D. Foster of the Heritage Foundation:

To be fair, the details of the Republican proposal are extraordinarily vague. Nor is much clarity or comfort gained from the three-page accompanying letter sent to the President and signed by Speaker John Boehner (R-OH), Majority Leader Eric Cantor (R-VA), House Budget Committee Chairman Paul Ryan (R-WI), and three other senior members of the House Republican leadership.

...notice that the folks at the Heritage Foundation fear that the Republicans are engaged in “categorical, pre-emptive capitulation”. After all, they prefer that we slash and burn Social Security, Medicare, and Medicaid so as to avoid raising taxes on the very well to do. Not that I agree with their agenda in the slightest – but at least the folks at the Heritage Foundation are a lot clearer about the Republican agenda than is the Speaker of the House.

[On another note, reinforcing the message in my column today on why republicans won't admit supply-side economics has failed, here's the title of a column by Diana Furchtgott-Roth of the Manhattan Institute: Cut Tax Rates, Boost Tax Revenues. It says "Republicans ... want lower tax rates, which, they predict, will lead eventually to higher revenues." They just can't give this up.]

    Posted by on Tuesday, December 4, 2012 at 10:12 AM in Budget Deficit, Economics, Politics | Permalink  Comments (33)


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