WOW. Chris Wallace must be thinking about leaving FoxNews. He actually challenged the standard GOP lie about Healthcare Reform insuring illegal aliens. If we had more challenges to the misinformation earlier on not only by FoxNews(wishful thinking), but but by the mainstream media, we would have gotten a better bill and addressed more prescient policy issues. Moreover we might have even gotten a real Keynesian stimulus that would have had our unemployment below 7% by now.
Paul Ryan believes in laissez-faire capitalism which as I have mentioned over and over has been an abject failure. The numbers are there for all to see what 30 years of this movement have decimated the American middleclass.
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Kentucky Senate candidates Jack Conway and Rand Paul faced off in a debate on this week’s edition of "Fox News Sunday," with host Chris Wallace challenging them to explain inconsistencies, vague statements and flip-flopping. One of the sharpest exchanges came on the issue of spending. Both men support extending all of President Bush’s tax cuts. Republicans have accused Conway of changing his position, first saying that he would extend the "majority" of the Bush tax cuts and later saying he would extend all of them.
"I was talking about the special interest provisions that allow companies to ship our jobs overseas," Conway told Wallace on Sunday. He added that the country shouldn’t be "raising taxes in a time of recession" and noted that he was one of the few Democrats to support the Bush tax cuts in 2002.
Wallce challenged Paul to reconcile the fact that extending the Bush tax cuts would add approximately $4 trillion to the national deficit. "If you’re so concerned about the national debt, how are you going to pay for a $4-trillion loss of revenue from the tax cuts?" Paul argued that it wouldn’t actually be costing the government anything:
PAUL: I think first of all, you look at whose money it is. It’s the people’s money, who earn the money, and we give up some to pay taxes. So I’m not seeing that as a cost to government. But I will immediately introduce bills to reduce spending. I think we should offset it. So I’m not opposed to introducing bills to reduce spending.
WALLACE: There’s no way you’re going to get $4 trillion by spending cuts.
PAUL: We’re going to introduce legislation that will reduce spending. I’m going to introduce legislation that will balance the budget. We will have a balanced budget amendment introduced if I’m elected. We will also have a balanced budget that will be introduced if I’m elected.
Wallace then pushed the two men to name specific measures they would take to reduce the spending in entitlement programs. "Tell me of a single benefit you would reduce, any eligibility you would change, any tax you would increase on either Social Security or Medicare to deal with the entitlement crisis," he said.
Rand Paul: I Don’t See Extending The Bush Tax Cuts As ‘A Cost To Government’ (VIDEO)