October 11th VP Debate Opinions
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One way to avoid campaign rhetoric is to look at consistency of opinions over time.
First of all, though the Senate has ignored the law and hasn't passed a budget in over 3 years, you can look at Obama's budget proposals that have been scored by the CBO (as opposed to speeches that they can't score), and you will see that if we follow what Obama is calling for, we will have deficits in excess of $1 trillion a year as far forward as the CBO is willing to project. Keep in mind that CBO projections tend to be linear and don't account for recessions or unexpected events. (What will happen if the market starts demanding higher interest rates on the $16 trillion in bonds that we have floated?)
While doing research on Obama's positions, it is also helpful to see what Ryan has proposed. (Since Romney is a private citizen, he doesn't submit budgets or create legislation, he only talks about guiding principles)
If you Google the term "Path to Prosperity", you will find a wealth of information on Ryan's proposals. The following graph shows the difference in the national debt over time based on following Obama's proposals versus Ryan's. This particular version of the Path to Prosperity projections came from an article in a blog posted April 8, 2011 (http://bilbo.economicoutlook.net/blog/?p=14064#) - well before Ryan was named as Romney's running mate, and well outside the gravitational pull of the election. This particular graphic was chosen because it is easy to date. You can Google the phrase I gave you and get all the supporting information you ever hoped for.
world chaos said:
One way to avoid campaign rhetoric is to look at consistency of opinions over time.
First of all, though the Senate has ignored the law and hasn't passed a budget in over 3 years, you can look at Obama's budget proposals that have been scored by the CBO (as opposed to speeches that they can't score), and you will see that if we follow what Obama is calling for, we will have deficits in excess of $1 trillion a year as far forward as the CBO is willing to project. Keep in mind that CBO projections tend to be linear and don't account for recessions or unexpected events. (What will happen if the market starts demanding higher interest rates on the $16 trillion in bonds that we have floated?)
While doing research on Obama's positions, it is also helpful to see what Ryan has proposed. (Since Romney is a private citizen, he doesn't submit budgets or create legislation, he only talks about guiding principles)
If you Google the term "Path to Prosperity", you will find a wealth of information on Ryan's proposals. The following graph shows the difference in the national debt over time based on following Obama's proposals versus Ryan's. This particular version of the Path to Prosperity projections came from an article in a blog posted April 8, 2011 (http://bilbo.economicoutlook.net/blog/?p=14064#) - well before Ryan was named as Romney's running mate, and well outside the gravitational pull of the election. This particular graphic was chosen because it is easy to date. You can Google the phrase I gave you and get all the supporting information you ever hoped for.
In one of those Geithner links, Geithner said "We don't have a solution to the debt problem. We just know that we don't like yours."
Also, when you research the Path to Prosperity, read up on what the (non partisan) CBO said of the plan - they validated Ryan's numbers and assumptions.
Also, when you research the Path to Prosperity, read up on what the (non partisan) CBO said of the plan - they validated Ryan's numbers and assumptions.