come on obama SCARE US A LITTLE

Romney’s America would suffer ….

• Nearly $10 trillion in spending cuts and/or cuts to the broadest-based tax deductions over 10 years to offset a) $5 trillion in new tax cuts that will deliver an average of $150,000 per year to the top 1%, and b) permanent extension of all the Bush tax cuts. 
• A 59% reduction by 2022 in Medicare and all other federal spending excluding defense and social security (cuts reduced to whatever extent Romney offsets his tax rate cuts with the tax loophole closures he has failed to specify).  Fill in blanks as Obama did on Ryan Budget (key passage below).
• The end of the Medicare guarantee as Medicare is voucherized and the rump “government plan” devalued by adverse selection.
• 14-27 million fewer Americans on Medicaid than under current law; 45-58 million more uninsured in 10 years than under implementation of the Affordable Care Act. 
• A bloated military budget absorbing nearly all federal discretionary spending (run the numbers on Romney’s recommended increases as they would play out under a BBA and 20%-of-GDP spending cap).
• Continued war in Afghanistan; new war all but promised in Iran.
• Trade war with China; renewed Cold War with Russia

With Romney you’d have to go deeper into hypotheticals: do you credit him with imposing any tax loophole closures to offset an unspecified portion of his new tax cuts, as he says he wants to do but fails to say how?  The 59% general domestic spending cut by 2022 cited above is a Center for Budget and Policy Priorities calculation that assumes no offsetting reduction in tax expenditures — fair enough, since Romney has not officially proposed any, and in private gatherings has only floated a nibble or two.

In any case, unlike Romney, Obama does spell out his assumptions when projecting the effects of his opponent’s proposals.  He should maintain that advantage in honesty and credibility.  The Romney reality is horrific enough without embellishment.  How can a man putting forward that extremist sham enjoy a presumption of economic competence?

-(x).

reblogged from seriouslyamerica
originally from fatsy

Why is media ignoring experts who blame GOP for political gridlock??

Thomas E. Mann, senior fellow at the Brookings Institution, and Norman J. Ornstein, resident scholar at the American Enterprise Institute, are well-respected centrist congressional experts who are often cited by the media. But their recent conclusion that Republicans are responsible for political dysfunction — laid out in an April 29 Washington Post op-ed and their recently released book — has been largely ignored, with the top five national newspapers writing a total of zero news articles on their thesis.

Read the article here:

Congressional Experts: Republicans At “The Core Of The Problem” Of A “Dysfunctional” Washington