Oops. Republican debt will be $1.5 trillion higher than under the president’s budget.
Details. Details. Details.
The deficit would be $200 billion larger under the ‘Pledge to America’ than it would be with Barack Obama.
The ‘Pledge to America’ accrues $11.1 trillion. By 2020, their federal deficit would be 6% of GDP, the federal debt would exceed 93% of GDP, and interest payments on the debt would be $1 trillion per year.
“The Tea Party today is being pitched in the media as this great threat to the GOP; in reality, the Tea Party is the GOP.
[It] will die on the vine as one Tea Party leader after another gets seduced by the Republican Party and retrained for the revolutionary cause of voting down taxes for Goldman Sachs executives. [Rolling Stone]