What's next for GOP? Right to shoot the poor who pose threat...to Wealthy Elite?

Republicans couldn't be more obvious this time:

The House of Representatives voted to change a tax credit in a way that would add $115 billion to the deficit and hurt poorer parents while aiding the well-to-do.

Not surprising is it? The GOP desensitizing scheme continues. Huffington Post:

The House decided to make permanent the child tax credit and expand it to families earning up to $205,000 a year. The credit, which is worth up to $1,000 for each child in a family, would also be indexed to rise with inflation, as would the eligibility thresholds.

The same week Paul Ryan took another shot at cutting aid to the poor with the Orwellian "Opportunity Act," his fellow pirates introduced the jaw dropping "Child Tax Credit Improvement Act" that does away with the tax credit for poor children and their families:

But the new measure fails to extend the part of the credit that was passed in 2009 to help impoverished families and that currently allows parents with annual earnings as low as $3,000 to claim some of the break. That element expires in 2017. Without it, a family would have to earn at least $15,000 to qualify for the credit.

An example worth noting:

According to an analysis by the Center on Budget and Policy Priorities, that means a mom working full time at a minimum wage job would receive no help from the credit -- because she would be earning only $14,500. Indeed, that mom would lose $1,725 under the new bill, while a family of four earning $150,000 would gain $2,200, according to the center's analysis. About 12 million people, including 6 million children, would be pushed further into poverty if the measure became law.

I don't even know how to describe the following. Here’s the down-the-rabbit-hole argument put forth by the GOP:

Republicans argued that Democrats were raising a phony issue in pointing to the failure to extend the lower-income part of the credit. They said there was plenty of time to consider that later.

Plenty of time? How about right now?

The bill also includes a provision that would bar … immigrants … somewhere around 80 percent of the children of undocumented immigrants are believed to be U.S. citizens … some 5 million children, about 4 million of whom are citizens, would be cut off from the credit's aid.

 And why not take a few war veterans down with them?

"Its net effect is to push 12 million people, including 6 million children, right into poverty or deeper into it," said Rep. Lloyd Doggett (D-Texas). "That includes 400,000 veterans and armed forces families who would lose all or part of their child tax credit."

Debt, what debt?

The measure would add $115 billion to the deficit over 10 years because the House did not find any way to offset the lost revenue. So far during this session of Congress, the House has passed permanent tax cuts that would add some $721 billion to the deficit over the next decade.

Walker's record on Slow Job Growth and our ever Increasing Debt.

Supply side Republican diehards have seen their economic dreams turn into one nightmare after another, culminating into what we now call The Great Recession.

The hard work it would take to readjust their ideological thinking is apparently not going to happen. Remember, this is a party of elected freeloaders who get their legislation from lobbyists, all the while despising every taxpayer supported second.

Fiscal Conservatism Fails Again: Scott Walker's economic report card is dismal, as we can all see by Wisconsin's poor showing nationally and in the Midwest. For Walker, slogans and spin can't alter the facts.

The Wisconsin Budget Project charted Scott Walker's failure:

The number of private sector jobs in Wisconsin grew by 1.2% in 2013, compared to 2.1% nationally. State lawmakers have passed dozens of tax cuts since 2011, but that hasn’t spurred job growth. Despite nearly $2 billion in tax cuts over four years, job growth in Wisconsin continues to be slower than anyone would like, and our growth in gross domestic product is also well below the national average.  

While CEO's praise their willing dupe Scott Walker for all the tax cuts, these "job creators" forgot to...create jobs. I'm still waiting for the day a business cut its own revenues because they think people should keep more of their hard earned money? That's what they keep telling government to do, and Republicans are dumb enough to take the bait.

That's not all: And the state’s debt under Walker continues to climb, with no apparent plan in place to solve that problem. According to the Legislative Fiscal Bureau's chart, Walker has increased our debt every year he's been governor, and then some:

Ask Paul Ryan why our Debt has Skyrocketed during the Bush Years, and why he Doesn't want to pay anything Back.

While Scott Walker would like to blame Obama for doubling the national debt, it's important to understand why really doubled, and the long term effects of Bush economic policies.

Short Memories and a devious plan: Paul Ryan is big on reforming the tax code, and cutting taxes. But he shouldn't do either until we as a country payback much of the money we've borrowed. From all indications, Ryan wants to change the rules so he won' have to pay back our loans.

Yet Ryan's votes got us into our current hole.

Disaster Capitalism: Using that debt now to cut spending on our social safety nets, like Social Security and Medicare, may have been the plan all along. Using the crisis created by his own votes to spend, he can now demand cuts to programs used by those Ryan calls the "takers:" Retired Americans swinging carefree in the "hammocks," veterans, the disabled and children. Brutal yes, and an effective strategy.

Here are the charts you can point to, that dug us deep into a hole, now being blamed on Obama?

CBPP: The deficit for fiscal year 2009 — which began almost four months before President Obama took office — was $1.4 trillion and, at 10 percent of Gross Domestic Product (GDP), marked the largest deficit relative to the economy since the end of World War II.

That era’s tax cuts, most of which policymakers extended in this year’s American Taxpayer Relief Act, with President Obama’s support, and the wars in Iraq and Afghanistan will account for almost half of the debt that we will owe, under current policies, by 2019. By contrast, the economic recovery measures and financial rescues will account for just over 10 percent of the debt at that time.

Republicans economic Con Artists at it again, Goodbye Economic Recovery.

Stop saying fiscal “conservative.” Nothing could be further from the truth.

Republicans continue to tank our economy by simply applying a thick coat of ideological bullshit to the legislative policy.

I've got the best example for you, in the whole world:

MiddleClass: Rep. Eric Cantor’s legislation proposes to allow certain “small businesses” to deduct up to 20 percent of their qualifying domestic business income or their taxable income, whichever is less. "Small business" is defined generally as a business with fewer than 500 employees, regardless of gross income.

But here’s where Republicans start leading us into the black hole of debt:

The beneficiaries of this tax break would include (99% of all businesses) doctors, trial lawyers, stock brokers, consultants and other high earners who would not necessarily use the tax break to hire additional staff. According to the Urban-Brookings Tax Policy Center about 49 percent of the tax cuts would benefit those in the top 0.3 percent, those with incomes over $1 million.

There’s more…

According to a Joint Tax Committee analysis "key proponent of the bill says the 1-year tax cut would create 39,000 jobs, meaning "H.R. 9 would increase the Federal deficit by $1.1 million for every job supposedly created."

The most telling indictment-from the Joint Committee on Taxation analysis, which the Republican sponsors of the legislation chose to ignore … it would increase deficits by $46 billion, yet "the effects of the bill on economic activity are so small as to be incalculable" in the context of the larger economy. That contradicts the conservative claims that the tax break in this legislation would be an important boost for small businesses and for the economy.

Nearly half of the beneficiaries would be taxpayers making more than $1 million … average of $44,000 … claimed regardless of whether that tax break is used to hire an employee; even companies that fired employees or sent their jobs overseas would still get the tax break. In fact, the White House's Statement of Administration Policy for the bill said that "small businesses that invested or hired more this year would, in many instances, get a smaller tax cut than those that did not" because the tax cut would be based on net income after expenses, including worker costs.

The final nail in the coffin:

According to a 2011 Congressional Budget Office report, temporary tax cuts on businesses are the most ineffective means of creating jobs, with a budgetary cost of $1 million dollars per job created. A more effective job-creation strategy would (be to )contain such measures as infrastructure investment, aid to state and local governments, and long-term tax reforms that would encourage job creation in the U.S.