GOP Version of Payroll Tax Cuts Spending Yet Raises the Deficit

     The whole demand for deficit reduction is folly as its supposed to be to relieve us of a debt crisis that doesn't exist and to stave off bond vigilantes who are equally fictional.

      In the latest Republican House version of the payroll tax cut extension they add riders and other provisions that are tangentital to the bill and don't belong in it but interestingly they also have this curious effect: they would cut spending and yet they would also raise the deficit. Talk about dissonance from Right wing ideology.

      http://www.politico.com/news/stories/1211/70189.html

      This of course is not the first time the GOP has demanded spending cuts that actually raise the deficit as they have done in the past in demanding cuts in the Affordable Health Care Act (AHCA).

      "The bill, which tacks to the right ideologically, is an attempt to gin up support in the House Republican Conference — and President Barack Obama has already voiced strong opposition to the pipeline provision. Democrats object to a series of other measures, including shortening the duration of jobless aid from 99 weeks to 59 weeks and alterations to Medicare. The Congressional Budget Office said Friday that the GOP proposal would increase the deficit “$166.8 billion in fiscal year 2012 and $25.3 billion over the 2012-2021 period” but would also reduce spending in the next 10 years."

Read more: http://www.politico.com/news/stories/1211/70189.html#ixzz1g6AZNbow

      If the Republicans keep proposing things that while they harshly cut spending provide no deficit relief but actually make it worse what does this tell you about the real depth of their commitment to balanced budgets their balanced budget amendment proposals not withstanding?

     Cheney said it best, "Reagan proved deficits don't matter." They care about deficits as a way to bully the Democrats into cutting spending. That's all this ruse has ever been about. Jude Wanniski proposed this whole theory in the 70s. The Republicans and Democrats must both be a different kind of Santa Claus. Until then the Republicans had straitjacketed themselves to ever push for tax cuts until the budget was balanced. Now the division of labor has changed with the Democrats having to wait for a balanced budget before ever increasing spending.