What does President Ronal Reagan have to say about the relationship between Social Security and the deficit? What about taxes?
The Simpson-Bowles plan — which Erskine Bowles does actually support — occupies strange territory in Washington: Almost every politician professes to admire it, almost none of them are willing to vote for it, and almost none of its supporters know what’s in it. So here, with an assist from the Center on Budget and Policy Priorities, are a few facts to keep in mind about the Simpson-Bowles plan. And while you’re reading this list, remember: Simpson-Bowles is a centrist proposal.
Fox News is obscuring the national debate over how to balance the deficit while pushing myths that falsely discredit the Obama administration’s record. Contrary to the Fox mythology, a downgrade of U.S. debt is not imminent, many economists believe the previous downgrade was due to Republican obstructionism, and raising taxes on the wealthiest households will not hurt employment.
Republicans persuaded the Congressional Research Service to withdraw report that shows low taxes for the rich had no effect on economic growth.
Since he came into office, Republicans have consistently attacked President Obama for supposedly being anti-business, but that is just not true.
Obama and Romney have different views of how to handle the economy. Who is more likely to help avoid the next financial crisis, and which would hasten it?
Voters rejected a rehash of the Bush ideas in 2008, and Mitt Romney is back trying to sell the same plan in a different order in 2012.
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