With $100B in Cuts, GOP Says It Will Balance Trillion Dollar Deficit

Bloomberg analyzes the GOP "Pledge to America" that is being passed around by the Republican Young Guns and gives us some specifics on what Republicans would do if put back in charge of Congress.

Right off the bat, anyone worried about reducing the budget deficit must first figure in the Pledge's number one priority, making the Bush tax cuts permanent.  Let's start there.  Extending the tax cuts would add nearly $5 trillion to the deficit in the first ten years.  Yet the pledge only outlines a meager $100 billion in cuts.  Once again, the math is psychotically stupid.  Five trillion dollars is much greater than one hundred billion.  How in the world you expect to "balance the budget and pay down the debt" like the GOP says its pledge will do is pure, super-retarded fantasy.

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