For reference, here’s a great article from Bruce Bartlett on why the Republican position on the budget is based on lies– particularly the barmy notion that you can cut the deficit by lowering revenue.
Bottom line: government revenues were 20.6% of GDP in 2000, a time when we had a budget surplus. Bush’s tax cuts reduced this to 18.5% without cutting spending; then the recession reduced it to 14.9%. So the current tide of red ink is a combination of Bush’s tax cuts plus a huge recession. And the Republican approach is… cut revenues by another $3 trillion!
The sad thing is that all too many voters will go for it, because, you know, who likes to pay taxes? Perhaps someone should tell them that the plan also removes health insurance for everyone but those who don’t need it.