Opinion: GOP A Party Without A PlanSubmitted by emalvini on Fri, 11/30/2012 - 13:54
Opinion: GOP A Party Without A Plan
November 30, 2012 9:00 AM
Yesterday, U.S. Treasury Secretary Timothy Geithner brought the President’s $2 trillion deficit reduction plan to the Senate.
It included $1.6 trillion in new revenue and $400 billion in entitlement reform to Medicare, as well as $50 billion in infrastructure spending that will put more Americans to work.
It should be noted that unemployment is one of the leading contributors to our deficit – putting Americans back to work will by definition reduce government spending and increase tax revenues across the board.