Daily Kos: Memo to GOP budget chairmen: National debt will explode under your presidential candidates
media mention“Among many others, Citizens for Tax Justice doesn’t share the supply-siders dynamic faith. The CTJ’s analyses forecast that Marco Rubio will drain $11.8 trillion from the Treasury over 10 years. Jeb! Will siphon off $7.1 trillion! (Bear mind that total federal spending over the next decade is projected to be $41 trillion.) As Vox explained, Ted Cruz’s combination of a flat tax and a value-added tax (VAT) is the most regressive of them all. The top contenders provide mammoth tax cuts to the richest one percent of Americans. And the GOP field does all of this even as they demand a balanced budget amendment to the Constitution and some refuse to raise the debt ceiling.”