Debt Boosted Under Leading Republicans’ Plans, Report Says - Businessweek - Brian Faler:
February 23, 2012 - "The plans of Newt Gingrich, Rick Santorum and Mitt Romney would each add trillions of dollars to the debt over the next decade, according to an analysis released today by the Committee for a Responsible Federal Budget in Washington. The Republican contenders criticize President Barack Obama for spending programs that contributed to a trillion-dollar budget deficit.
"Ron Paul is the only major candidate whose policies would reduce U.S. debt, according to the report.
"The primary reason is tax cuts. Each candidate, except for Paul, has proposed breaks that would drain far more revenue from the treasury than the candidates propose to save through spending cuts, the report said.
"It is the first independent analysis of what the candidates’ campaign promises would mean for the government’s $15.4 trillion debt."
Read more: http://www.businessweek.com/news/2012-02-23/debt-boosted-under-leading-republicans-plans-report-says.html
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"Ron Paul is the only major candidate whose policies would reduce U.S. debt, according to the report.
"The primary reason is tax cuts. Each candidate, except for Paul, has proposed breaks that would drain far more revenue from the treasury than the candidates propose to save through spending cuts, the report said.
"It is the first independent analysis of what the candidates’ campaign promises would mean for the government’s $15.4 trillion debt."
Read more: http://www.businessweek.com/news/2012-02-23/debt-boosted-under-leading-republicans-plans-report-says.html
'via Blog this'
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