Saturday, July 16, 2011

Bald Faced Lie of the Day

"We've been down this road before, and Republicans will not go down it again. In 1990, Congress and the President struck a deficit reduction deal that combined spending cuts with tax increases. Unfortunately, while the tax hikes remained, the spending restraint did not, and our debt has only marched higher."

-Republican Senator, Orrin Hatch

Apparently, being a Republican means you can re-write history any which way you please, and not be called out on it. This morning, as I watched CNN, the 24 Hour News network ran a segment on President Obama's call for a debt limit/long term budget compromise position that would involve spending cuts and tax increases at a ratio of about 5 to 1. CNN then quoted Hatch above, but for some reason saw no need to point out that Hatch's statement is a bald faced lie, seemingly suggesting that the Clinton era tax increases (which left the nation with a $200+ billion surplus when the Democratic president left office) are still with us today, when in fact they were undone by his Republican successor, President Bush, who pushed through massive tax cuts that immediately plunged the nation into deficit. Hatch is correct that massive spending increases also followed, but conveniently fails to note that the spending increases, too, were the result of Republican policies, such as unnecessary wars and a poorly conceived prescription drug benefit for seniors that was not balanced by either tax increases or spending cuts and which specifically excluded the government from using its purchasing power to negotiate better drug prices.

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