Chart of the Day: Republicans Reject Republican Plan

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The chart below represents Republican nirvana as of March 2011. According to their own JEC report, the best research suggests that successful “fiscal consolidation” efforts (i.e., deficit reductions) have historically been heavily weighted toward spending cuts. The sweet spot is 85% spending cuts, 15% tax increases:

The research touted here by Republicans is almost certainly wrong because it uses cherry-picked data from countries that weren’t trying to fight off high unemployment and a stagnant economy. But as Mike Konczal points out, that doesn’t matter. Right or wrong, this is what Republicans were touting as recently as three months ago.

So what happens when the president proposes a plan that’s almost exactly 85% spending cuts and 15% tax increases? They summarily reject it, and continue to insist that if they don’t get their way they’ll happily burn down the country by refusing to increase the debt ceiling. This should surprise no one, of course. This is how it usually goes when you negotiate with terrorists.

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LESS DREADING, MORE DOING

This is the rubber-meets-road moment: the early days in our first fundraising drive since we took a big swing and merged with CIR to bring fearless investigative reporting to the internet, radio, video, and everywhere else that people need an antidote to lies and propaganda.

Donations have started slow, and we hope that explaining, level-headedly, why your support really is everything for our reporting will make a difference. Learn more in “Less Dreading, More Doing,” or in this 2:28 video about our merger (that literally just won an award), and please pitch in if you can right now.

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