Turns Out The Debt Argument Of Tom Coburn's Is Based On A Disproven Theory (Which Should NEVER have Become Mainstream in The First Place Because Of It's Lack Of Rigorous Testing)
Background:
1. An Introduction To Tom Coburn's Deceptions - The Tornado Shelter Decoys
2. Keystone XL: Tom Coburn Betrays Citizens Private Property Rights For A Private Company
1. An Introduction To Tom Coburn's Deceptions - The Tornado Shelter Decoys
2. Keystone XL: Tom Coburn Betrays Citizens Private Property Rights For A Private Company
News Report: Is the evidence for austerity based on an Excel spreadsheet error?
Answer = Yes!
Austerity's Spreadsheet Error - Carmen Reinhart and Kenneth Rogoff's 2010 debt study inspires austerity around the world, but grad student Thomas Herndon debunks the results. (07:43):
Answer = Yes!
Austerity's Spreadsheet Error - Carmen Reinhart and Kenneth Rogoff's 2010 debt study inspires austerity around the world, but grad student Thomas Herndon debunks the results. (07:43):
What Tom Coburn seems to be doing is trying to sell fake economics to the people...
Austerity's Spreadsheet Error - Graduate student Thomas Herndon identifies little staggering omissions in a prominent academic paper, "Growth in a Time of Debt." (04:19):
General Inconsistencies In Tom Coburn's Argument (Quick Intro)
Tom Coburn seems to think that expenditure isn't necessary to make things work. A very strange belief. Yes, there is waste but we are in no danger of becoming Greece (at least not yet, cause, if you'll notice... historically, it the debt always increases under the GOP. I guess I should cover that soon).
Revenue + Expenditure = A State ... the example of Kansas;
Sam Brownback's - REVEALING - Conservative Kansas Experiment - Jessica Williams travels to Kansas to investigate the outcome of Governor Sam Brownback's extreme tax-cut experiment. (4:54):
Tom Coburn consistently says that the Federal Government is wasting money (Politico: Tom Coburn rips up symbolic credit card) while consistently leaving out the fact that he voted for TWO unfunded wars (i.e. Revenue + Expenditure = A State i.e. he is part of the debt "problem").
Note: Left out unfunded Bush wars + the huge reduction in taxes for the rich which is the single largest contributor towards the debt i.e. if you don't remove the causes of a problem the problem will persist. Bush admits to this below.
Reminder: Republican rule put the country on the brink on economic collapse (remember 2008-09?). Even George Bush said that he didn't understand that his ideological position of no taxes etc. turned out to be bad for the economy (hehe)
Past GOP hypocrisy on this issue showing a pattern of behavior:
On raising the debt ceiling OR 'putting the debt ceiling in context':
On raising the debt ceiling OR 'putting the debt ceiling in context':
Above: George Bush increased the debt ceiling in 2002, 2003, 2004, 2006. 2007 and twice in 2008 with no question by the GOP Congress.
Miscellaneous article: 10 Things the GOP Doesn't Want You to Know About the Debt
Miscellaneous article: 10 Things the GOP Doesn't Want You to Know About the Debt
Related Posts:
{Debt Ceiling History Example} The GOP's/FoxNews's Primary Goal Is To Do Anything To Win Elections INCLUDING Destroying The Economy If Necessary!
GOP's Economic Theories - Disproven Under George Bush - Continue To Be The Basis For Their Policies PROVING GOP Are An Ideological Party & Not A Reasonable One
{Debt Ceiling History Example} The GOP's/FoxNews's Primary Goal Is To Do Anything To Win Elections INCLUDING Destroying The Economy If Necessary!
GOP's Economic Theories - Disproven Under George Bush - Continue To Be The Basis For Their Policies PROVING GOP Are An Ideological Party & Not A Reasonable One
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