Another Self-Inflicted Wound to the Economy? | ThinkProgressQuicklink submitted by Susan Lee Schwartz Permalink
|'Just months ago, Mitt Romney and Speaker Boehner actively advocated for closing tax loopholes and eliminating giveaways in the tax code. But now Republicans are saying no in order to protect the wealthy and special interests like Big Oil and Wall Street. They say they now prefer spending cuts that stand to kill several hundred thousand jobs and could potentially drag the economy back into recession to raising even a penny more in new revenue. Just months ago, leading Republicans like Rep. Paul Ryan said these cuts would 'devastate' the country, but now they appear to be fine with them. If Republicans hadn't taken the entire economy -- the full faith and credit of the United States -- hostage in 2011, there would not be a sequester...Speaker Boehner said he'd gotten 98 percent of what he wanted in the deal. Here's a few examples of what the choices we face actually mean|
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