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Republicans Want a Balanced Approach to Deficit Reduction


By John Martin - Posted on 14 July 2011

According to the latest Gallup poll, only 20% of Democrats want to solve the deficit problem completely or mostly from raising revenue. Republicans, naturally, are event less enthusiastic about using taxes only-- with just 3% thinking this is the way to go.

What's surprising (or what might be surprising to McConnell & Cantor) is the percentage of Republicans who think the deficit should be dealt with via spending cuts only-- that number is just 26%, meaning 74% of Republican voters feel there is room for some sort of tax increase in this search for a deficit-cutting solution.

 

With this many Republican finding some tax increases acceptable, it's hard to not believe they wouldn't support the President's proposals if it also had the backing of the Republican leaders in Congress. After all, President Obama is generally shooting for a package the dwarfs what the GOP has been aiming for (reducing the deficit by around 4 trillion, as opposed to the more modest $2 trillion goal being pushed by Republicans).

It should also be pointed out that the President's proposal-- more than $3 in spending cuts for every $1 in tax increases-- is the reverse of what Reagan agreed to in his deficit-redution plans throughout the 80's. President Reagan continually relied on tax increases to help keep our deficit somewhere on this planet. 

Reagan v. Obama on Deficit-Reduction Plan

This is very telling. Republican legislators are only listening to the most extreme portion of their base and care only about the opinion of groups led by people like Karl Rove & Dick Armey because that's where the $$$ is. This will come back to haunt them-I'm sure of it.

I think part of the reason why the hard right gets what it wants is because they're given what they want. The rest of us have been so demoralized that it's almost too much of a hassle for us to speak up anymore, because we figure we'll be drowned out.

Sad that at this point, with something like the McConnell plan looking like the front-runner, we're not going to get ANY cuts, no less the $3 trillion Obama was offering beforehand. The nutjob right would rather feel like they "won" than to compromise and actually get something out of it.

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