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Obama Uses Twitter to Explain to Republicans Why Their Deficit Plan Is a Fail
In an hour long Twitter chat, President Obama took questions from a few Republicans and explained to their why their approach to the fiscal cliff won’t work.
Obama took 7 politically themed questions, and one sports question, during the chat and nearly half of them brought up the Republican deficit reduction through spending approach.
Here are the questions followed by the president’s answers:
The president tackled three ideas that the Republicans have been floating as alternatives to his plan, raising revenue without raising taxes on the top two percent, reducing the deficit by only by cutting spending, cutting taxes for the wealthy encourages growth and employment.
The idea that the nation can find an alternative stream of revenue to substitute for raising taxes is a conservative fantasy. The Romney plan was based on the idea that the nation can eliminate enough deductions and loopholes to reduce the deficit. The math didn’t add up when Mitt Romney campaigned on it, and it still doesn’t add up today. The same problem exists with the Republican idea that the deficit can be cut away. There simply isn’t enough non-discretionary spending to make it possible to reduce the deficit substantially through spending cuts alone.
As we discovered with the Bush tax cuts, lowering taxes for the wealthy does nothing to spur employment and growth. Recent history tells us that cutting taxes for the wealthy causes income inequality, not growth.
Instead of taking a victory lap with his supporters, President Obama confronted the opposition point of view and explained why his plan would work better. The president was able to layout a more detailed plan for reducing the deficit on Twitter than congressional Republicans have since the fiscal cliff negotiations began.
The Republicans have no plan. Obama was able to explain in 140 characters or less why their ideology driven notions about deficit reduction are a total fail.
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16 Responses to Obama Uses Twitter to Explain to Republicans Why Their Deficit Plan Is a Fail
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Kerry Darnall
Dec. 3rd, 2012 at 4:06 pm
We know for a fact that letting the rich get Government welfare has not made one job ever sense G.W. Bush started his buddy system for the very rich so if the rich got rich here then they should pay more for the benefit of making it here in this country, Now if the very rich got rich somewhere else and just love this country then they should pay more just to live in this nice country, But if they got rich here and moved there jobs to a 3rd world country just to make his pocket’s fatter then he should be run out of this country and his assets taken away.
luciboo
Dec. 3rd, 2012 at 4:19 pm
Wish this conversation would show on CNN & FOX. Maybe it would help Republicans understand why their leaders
are wrong on their approach to deficit reduction and job creation.
WTF1113
Dec. 3rd, 2012 at 6:49 pm
CNN has reported this, albeit in far less detail than this column. Their article gave as much detail about the President’s remarks on sports as they did about his remarks on the cliff.
Maranon
Dec. 3rd, 2012 at 4:27 pm
The top tier wants their cake and eat it too.
They want all the benefits :
roads, bridges, defense, safety, parks,
and do not want to pay for anything.
Keep the commnunity engaged Mr President.
Go to the people directly.
Have more fireside chats and tweets.
Sandra
Dec. 4th, 2012 at 7:29 pm
Guess the R’thugs don’t believe in true democracy where the majority has the final say. An article above states that 67 % of all Americans and 69% of Independents want the rich to pay more. Why are the R’thugs ignoring their voices in favour of the 2-5% rich, though to be fair, some of the rich folks are in agreement and have publicly stated they are willing to paying more taxes.
They continue to beat that dead horse against the wishes of the majority of Americans.
Fedup
Dec. 3rd, 2012 at 4:43 pm
After listening to Boehner and the rest of the republican plutocrats speak the one thing strangely enough missing from all the bull is lyin’ Ryan one would assume he’s behind the whole bullsh#t budget the Republicans are trying to sell. We wouldn’t buy what Romney/Ryan was selling before why would we buy it now.
Maranon
Dec. 3rd, 2012 at 4:50 pm
It comes from the same restaurant, same recipe, served by a different waiter,
maybe people will not notice and eat it up…
majii
Dec. 3rd, 2012 at 4:57 pm
The plan the republicans released today comes directly from Bowles-Simpson. The main difference is that it doesn’t contain tax increases–a major recommendation of B-S. Also, there are zero specifics. I think that by having TS Geithner present his plan to the republicans in person, it put the republicans in the spotlight and revealed that they didn’t have a plan, so, the easiest thing they felt they could do to look credible was to copy something from the B-S report—a report they voted against when they were on the commission. Paul Krugman noted that, again, the republicans’ numbers don’t add up. From an economic POV, their plagiarized plan also has less impact on reducing the deficit than the president’s plan and places most of the burden on middle class and lower income Americans. They gotta protect the two-percenters, even if it means destroying the 98% economically.
Lynda Harrison
Dec. 4th, 2012 at 3:04 pm
Those two initials are very enlightening about the whole philosophy . . . a real load of BS!
D. W. Skinner
Dec. 3rd, 2012 at 5:16 pm
I LOOOOOOVE Republicans…. preferably in a light and lemony hollandaise.
Traci Adams
Dec. 3rd, 2012 at 5:26 pm
Obstructionist Policy’s from the GOP… so what’s new?! POTUS, KICK ‘EM WHERE IT HURTS, Their cash flow!!!
terry
Dec. 3rd, 2012 at 6:35 pm
what amazes me is why poor people give a shit about the rich and shameless
galactusx
Dec. 3rd, 2012 at 8:55 pm
Screw the rethugs. Let’s go over that cliff and take them down with us. Then fix the middle class during reconciliation. End of story.
Scott
Dec. 4th, 2012 at 2:14 pm
Without exception, all of the questions directed to BO were GOP talking points. Anyone who can use Google would have already known the answer to those questions.
edna
Dec. 4th, 2012 at 6:50 pm
people has nothing to loose we have been in the cliff, for a decade. it time the rep,party, and tea -bagers go off that cliff.and join us.
Evermore Jones
Dec. 4th, 2012 at 8:34 pm
Yes Edna they should join us in a world where most labor job wages are the same as they were in 1965, a time when the Ford Mustang sold for around $5000.