The latest ad from Restore Our Future contrasts Mitt Romney’s “life in the private sector” with familiar distortions of President Obama’s record. In reality, the “failed stimulus” helped rescue the economy from the recession, kept the unemployment rate from rising even more, and cut taxes for millions of Americans. Obama also inherited a projected deficit above $1 trillion, driven by Bush policies and the recession, and Republicans have consistently rejected the president’s deficit-reduction efforts.Read more after the jump.
Issues: Social Security
An ad from Americans for Prosperity declares that Washington could “learn a lot from Wisconsin” about “how to tighten their belts,” presumably a reference to Gov. Scott Walker’s anti-union “budget repair” bill. The ad criticizes Rep. Tammy Baldwin (D-WI) over the national debt, citing her support for the Affordable Care Act – which, in fact, reduces deficits. In reality, the main drivers of the debt are Bush policies, including tax breaks for the wealthy that Baldwin opposed, and revenue losses from the Great Recession.Read more after the jump.
Crossroads GPS is running an ad in Wisconsin, titled “With A T,” emphasizing the trillions of dollars added to the national debt since Rep. Tammy Baldwin (D-WI) took office. But while Crossroads focuses on Baldwin’s support for the “failed” Recovery Act, which helped prevent an even more devastating economic collapse, President Bush’s tax cuts for the wealthy and the recession fueled the increase in debt over the last decade. As a member of the House, Baldwin voted against the tax cuts Bush passed in 2001 and 2003.Read more after the jump.
Crossroads GPS starts its latest attack on Sen. Jon Tester (D-MT) by asking why the debt has increased since Jon Tester took office, and then provides all the wrong answers. Contrary to the ad’s claims, Bush policies and the recession have driven the increase in debt since Tester took office, and the Affordable Care Act actually reduces deficits. Crossroads also misrepresents Tester’s vote to extend middle-class tax cuts as a ‘tax hike’ on small businesses.Read more after the jump.
Crossroads GPS accuses Sen. Claire McCaskill (D-MO) of supporting “billions in wasted spending projects that didn’t help Missouri,” citing as evidence Recovery Act grants that went to California, Vermont, and Texas. However, those three projects cost less than $30 million combined, and the Recovery Act funds were distributed all across the country to help turn the economy around. The ad further misleads by blaming McCaskill, instead of costly Bush policies and the recession, for driving up the debt.Read more after the jump.
American Future Fund (AFF) is trying to convince New Mexico voters that Rep. Martin Heinrich is responsible for the effects of the Great Recession, which started wreaking havoc on the economy well before Heinrich took office in January 2009. In the process, AFF throws out a misleading statistic on New Mexico’s unemployment and criticizes Heinrich over his support for the stimulus, which prevented an even greater economic catastrophe, created American jobs, and cut taxes for millions.Read more after the jump.
An ad from Americans for Prosperity features a flurry of TV news clips about rising debt in the past few years and connects them to President Obama’s statement in February 2009 that “If I don’t have this done in three years, then there’s going to be a one-term proposition.” However, recent deficits have been fueled by Bush policies and the recession, and the ad takes the president’s words completely out of context. In fact, Obama was talking about whether efforts to rescue the economy would lead to economic progress. Since that interview, massive monthly job losses have turned into steady private-sector growth, including 4.5 million new private-sector jobs in the last 29 months.Read more after the jump.
Those familiar with House Budget Committee Chairman Paul Ryan’s (R-WI) last budget proposal won’t be shocked at this year’s updated “Path to Prosperity,” a fiscal plan for 2013 and beyond that pledges policy prescriptions for “safeguarding America from the perils of debt, doubt and decline.” Like the old version of the “Path,” Ryan’s second attempt at engineering fiscal policy – including recommendations for overhauling the tax code, cutting spending, and reforming Medicare and Medicaid – takes an axe to federal spending that benefits those without political or economic power but showers tax breaks on the wealthy. With its absence of reasonable solutions for lowering debt and its far-fetched proposals to shift the country’s fiscal burdens onto the poor and middle class, the latest Ryan plan is at heart the same as the old one: A blueprint not for stabilizing the country’s fiscal situation but for forcing an ultra-conservative vision on the federal government.
Ryan Plan’s Cuts Are Enormous, Unrealistic, And Wouldn’t Balance The Budget Until 2040
The New Ryan Plan Proposes Even Larger Deficit Cuts Than Last Year’s GOP Budget. From the Associated Press: “This year’s GOP measure would produce deficit estimates that are significantly lower than a comparable measure passed by the House a year ago, claiming deficit cuts totaling $3.3 trillion – spending cuts of $5.3 trillion tempered by $2 trillion in lower taxes – below Obama over the coming decade. The deficit in 2015, for example, would drop to about $300 billion from $1.2 trillion for the current budget year. Last year’s GOP draft called for a 2015 deficit more than $100 billion higher.” [Associated Press via HuffingtonPost.com, 3/20/12]
The New Ryan Budget Cuts Spending By $100 Billion From This Year To Next. From the Associated Press: “The measure would cut spending from $3.6 trillion this year to the $3.5 trillion range in 2013 and freeze it at that level for two more years.” [Associated Press via HuffingtonPost.com, 3/20/12]
The New Ryan Budget Cuts Spending By $5 Trillion Over The Next Ten Years. From Bloomberg: “House Budget Committee Chairman Paul Ryan today proposed reducing spending by $5 trillion over the next decade from the U.S. budget with Medicaid, food stamps, Pell college tuition grants and other programs facing reductions.” [Bloomberg, 3/20/12]Read more after the jump.
Crossroads GPS criticizes North Dakota Senate candidate Heidi Heitkamp for supporting the Affordable Care Act, even though, according to the ad, the “Supreme Court ruled Obamacare is a massive increase on working families.” Of course, while the Supreme Court ruled that the law’s requirement that people obtain health insurance or pay a small penalty is constitutional under Congress’ taxing power, the decision did not say anything about how the provision would affect working families. In reality, the Affordable Care Act does not directly raise taxes on most working Americans, and it will actually provide tax relief for millions. The ad also misleads on the law’s Medicare savings – which do not ‘cut’ seniors’ benefits – while failing to mention that Heitkamp’s opponent voted to preserve nearly all of those spending reductions.Read more after the jump.
An ad from Crossroads GPS suggests that Rep. Martin Heinrich (D-NM), who is running for the Senate, is responsible for an “explosion” in debt since he took office. But the main drivers of the debt in recent years are Bush policies, such as tax breaks for the wealthy, and the recession – not policies that Heinrich voted for since he took office in 2009. In fact, the Recovery Act helped prevent an even worse economic collapse, and the Affordable Care Act reduces the deficit.Read more after the jump.