GOP Starts Talking Revenue Increases
Will we see sacred cows fall? Graham cites ethanol subsidies, and calls for ending “…a bunch of other subsidies that go to a few people” and put(ting) the money “back into the federal treasury” for debt reduction.
Looks like reality is making headway in the Senate, if not pissing off Grover Norquist, who may be seeing the beginning of his own insignificance.
Let’s hope, huh?
The New Republic’s Jonathan Cohn is taking notice of the refreshing honesty coming from the GOP, pointing out that Reagan’s Budget Director David Stockman admitted that any austerity measures would most certainly make the jobs situation worse:
(Fareed) Zakaria noted that a policy of austerity, along the lines of what Stockman was recommending, would probably make the jobs situation worse. “Yes,” Stockman responded, “the scenario is pretty grim.” Stockman then went on to predict another decade of double-digit unemployment. “It sounds like very harsh medicine,” he said. “But it happens to be a very harsh reality.”
Now, I don’t know about you, but that sounds pretty grim. Republican’s can’t impeded every solution offered – in this particular case, Reich was advocating for a massive infusion of infrastructure spending – and so far all I’ve heard them call for is cutting social security and medicare.
Both of which would cost them dearly, politically.
Well…I see I’ve digressed. I do find it interesting that GOPers like Lindsay Graham and Tom Coburn are talking about raising revenues. If they’re saying that, there’s more where they came from.