Thank You David Stockman...

[WillyT]

Former Reagan OMB Official: "I Think The Biggest Problem Is Revenues." In an interview with Talking Points Memo, David Stockman, a former Office of Management and Budget director under President Reagan, responded to Rep. Paul Ryan's (R-WI) budget plan and stated: "I think the biggest problem is revenues. It is simply unrealistic to say that raising revenue isn't part of the solution." From Talking Points Memo:

While the government teetered on the brink of a shutdown last week over short term funding, economists across the ideological spectrum weighed in on the GOP's long-term plan with negative reviews. The biggest shock came from high-profile economists with GOP leanings, who also criticized it on the merits.

"It doesn't address in any serious or courageous way the issue of the near and medium-term deficit," David Stockman told me in a Thursday phone interview. "I think the biggest problem is revenues. It is simply unrealistic to say that raising revenue isn't part of the solution. It's a measure of how far off the deep end Republicans have gone with this religious catechism about taxes."

Link: http://mediamatters.org/research/201107070018

:kick:

[spanone]

1. k&r...

it's the only thing the republicans have. tax cuts. nothing else.

[proud patriot]

2. indeed

[WillyT]

4. Hey You !!!

:loveya:

:bounce:

:hi:

[proud patriot]

6. What's up? Hows' MommaT ?

:loveya: I want to have a BBQ get together w/ My buds soon

[WillyT]

7. MommaT Is Good !!! About To Turn A Feisty 82 This Month !!!

And she threatening to crash your BBQ... please advise.

:evilgrin:

:D

:bounce:

:hi:

[WheelWalker]

3. Well, that's serving up a piece of poison pie, isn't it?

[handmade34]

5. I respect David Stockman

and despite his politics in the 80's, I had a crush on him :fistbump:

[zeos3]

8. Here's more from Stockman...

"In 1985, the top 5% of the households, the wealthiest 5%, had net worth of $8 Trillion, which is a lot. Today after serial bubble after serial bubble, the top 5% have net worth of $40 Trillion. The top 5% have gained more wealth than the whole human race had created prior to 1980."


Take a look at the video:

http://www.democraticunderground.com/discuss/duboard.php?az=view_all&address=385x599833

[WillyT]

9. + 1,000,000,000... What You Said !!!

THANK YOU !!!

:yourock:

That is EXACTLY what I was looking for.

:kick:

:hi:

[zeos3]

10. That's why I love DU, WillyT.

There's lots of good info that gets posted here. DUers are very helpful.

:toast: