The DeMint Alternative
When you see conservatives on TV saying it’s a strawman for Obama to accuse them of wanting to do nothing, keep in mind that they’re correct. Overwhelmingly, the congressional right backed Jim DeMint’s plan for $3.1 trillion worth of permanent tax cuts for corporations and wealthy people.
Similarly, when you see conservatives on TV complaining about the size of the stimulus package recall that overwhelmingly, the congressional right backed Jim DeMint’s plan for $3.1 trillion worth of permanent tax cuts for corporations and wealthy people.
This would be over triple as costly as the stimulus that will soon be signed, probably less effective at producing jobs, and much more devastating to the United States’ long-term budgetary situation. Even the GOP’s favorite anti-stimulus economists have nothing good to say about this plan.
28 Responses to “The DeMint Alternative”
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February 11th, 2009 at 11:59 am
Republicans have no principle other than to bankrupt government and be obstructionists to everything Obama and the Democrats want to do. It’s sick….
http://www.sunstateactivist.org/ssablog/
February 11th, 2009 at 12:02 pm
Why doesn’t any on the Dem side of the aisle just point out that “tax cuts are useless when you don’t have a job”. Seems like the easiest sound bite in the world, and it gets the point across nicely.
February 11th, 2009 at 12:11 pm
According to Boehner, their package would create twice as many jobs for half the price. He actually said that.
February 11th, 2009 at 12:12 pm
Yes, but those Republicans dogs have firmly placed themselves on the side of their corporate leash-holders.
We know who contributes to their campaigns.
February 11th, 2009 at 12:42 pm
But the DeMint alternative wasn’t the House Republican alternative, was it? Wasn’t the House alternative a smaller overall package, with more tax cuts and less wasteful spending?
When Matt says “the congressional right” “overwhelmingly” back the DeMint plan he isn’t talking in numerical terms then is he? Because there are many more House Republicans than Senate Republicans.
Just another example of Matt lying? Yep.
February 11th, 2009 at 1:19 pm
What Thomas said. What’s sad is that MattY doesn’t realize how ironic this post is.
BTW, if anyone out there wants to do a huge public service and get a million or more Youtube views, here’s how to block the stimulus.
February 11th, 2009 at 2:12 pm
Matt’s a liar – A LIAR!!!1!!1!!11 eleven!! – because Senate amendments aren’t voted on in the House.
Brilliant analysis. Really, sharp as a trailer hitch.
February 11th, 2009 at 2:54 pm
And we know of course that Republicans in the House are much more moderate and reasonable than in the Senate.
February 11th, 2009 at 3:10 pm
For the record, lop-sided majorities of GOP’ers in the House also voted for an all-tax cut stimulus, similar to that in the Senate.
http://www.washingtonmonthly.com/archives/individual/2009_02/016800.php
February 11th, 2009 at 4:56 pm
bulworth, when you say similar, do you mean 1/4th the size?
February 11th, 2009 at 5:37 pm
Whenever Matt sees the phrase “tax payers” he substitutes it with “corporations and wealthy people”.
February 11th, 2009 at 8:27 pm
The one immediate critique I have is that it is annoying to talk about cost without a time frame. The projections say that it will cost $3.1 trillion over the next decade. Please, Matt, whenever talking about the cost of a multi-year project, write exactly how long the cost is calculated over.
I’m not certain that the cost comparison is entirely fair, though – if the stimulus is heavily weighted to the first two or three years, then the stimulus package may in the short term cost more than the alternate tax cut package. Which, if the stimulus is merely the first of many, is a more relevant measurement.
Having said that, I don’t see tax cuts in the absence of spending cuts as being very helpful to the economy, because as long as the government is running a deficit, every penny it gives back to taxpayers has to be borrowed or printed, taking the resources out of the hands of the private economy just as surely as if it were taxed.
My version of a stimulus bill would involve getting out of Iraq, reducing our overall military footprint, and spending the money saved there to pay down debt or to help homeowners who are marginal* to keep paying their mortgage.
*Those who maybe could pay 80-90% of their mortgage payments, and need just al ittle help to keep their house, not those who are way in over their heads.
February 12th, 2009 at 10:40 am
So a quarter of $3 trillion would be about, oh, $750 bill or so, or about the same size of the “massive stimulus” bill, or more than the actual spending portion of the “massive spending” bill.
In any event, where the real squabbling over the stimulus bill was, in the Senate, 36 of 41 GOP’ers voted in favor of a $3 trillion tax cut only bill. All the while decrying the very terrible costs of the “massive stimulus” bill, which besides being considerably less than $3 trillion, is about a third tax cuts.
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