Rethugs "Shocked" Tax Cuts Failed to Turn Bullshit Into Steaks

C'mon, Steve: they're not really surprised and you're not really surprised that they're surprised.

SURPRISED BY THE DEGREE OF SURPRISE.... The day of President Obama's inauguration, the federal budget deficit left by the Republican administration was $1.3 trillion. After some additional economy-saving measures were added to the mix, the 2009 deficit reached $1.4 trillion. Last year, things improved slightly, and the deficit fell to $1.29 trillion.

Yesterday, the Congressional Budget Office warned lawmakers that the budget picture was poised to get worse again, projecting a $1.5 trillion deficit this year.

Summarizing the thoughts of many, Sen. Mark Kirk (R-Ill.) told Roll Call, "I think everyone is in a collective state of shock right now over the CBO numbers."

Really? Why is Congress so surprised? Frankly, I'm a little shocked by their collective state of shock.

This really isn't complicated. The deficit picture was starting to improve, but congressional Republicans insisted that Bush-era tax breaks get extended for another two years. How did Republicans propose paying for these tax cuts? They didn't -- the GOP said the price tag should just be added to the deficit.

And wouldn't you know it, that means ... I hope you're sitting down ... the deficit will go up, just as lawmakers were told it would if they cut taxes without paying for them.

SNIP

The fact that Congress is surprised only reinforces the fact that Republicans aren't paying close enough attention to reality. There's no great mystery here -- the deficit is going up because of the new round of tax cuts. That's what happens when one cuts taxes -- less revenue means higher deficits.

If Republicans didn't want a higher deficit, they shouldn't have fought so hard to make it worse. They had a choice -- expensive tax breaks or deficit reduction. They made their choice, were told what the consequences would be, and are now stunned by the realization that the rules of arithmetic haven't been suspended by the GOP's force of will.

It's unclear to me why Republicans aren't confronted with hysterical laughter when they claim credibility on fiscal issues. This is a party that inherited a massive surplus a decade ago, when we were actually paying off our debt. The GOP proceeded to squander the surplus, add $5 trillion to the debt in just eight years, and then demand Democrats clean up their mess.

When Dems did just that and the deficit picture started to improve, Republicans then demanded tax breaks that once again made the budget shortfall worse.

Deficit hawks that vote Republican are tragically confused. There's never been a more fiscally irresponsible political party.

But of course they only care about the deficit in terms of keeping it huge: as a rhetorical weapon to use against Democratic attempts to create jobs and grow the economy, and as an actual fiscal obstacle to such attempts - the starve the beast principle. And as a way to whip up votes among the ignorant and terrified.

Because the real goal is to transfer all wealth to the already obscenely wealthy.

From Perrspectives:

So it comes down to this. Republicans believe they can turn bullshit into gold. Despite the inescapable conclusion of history, theory and empirical evidence to the contrary, Mitch McConnell, Jon Kyl, John Boehner, Tom Coburn, John McCain, Kay Bailey Hutchison and other Republican alchemists continue to insist that cutting taxes increases government revenue and thereby reduces the deficit. Of course, even though the tax cut claim is laughably false, conservative ideology requires that it must true. Otherwise, the Republicans have just been giving money to rich people.

Repeat that every chance you get: the Republicans have just been giving money to rich people.

Have you talked to your Democratic neighbors today?