Tags: Lindsey | Graham | Obama | economy

Sen. Graham: Obama’s Economic Plan Will Turn US Into Greece

Sunday, 02 Dec 2012 01:03 PM

By Amy Woods

Share:
  Comment  |
   Contact Us  |
  Print  
|  A   A  
  Copy Shortlink
Sen. Lindsey Graham said President Barack Obama’s plan to prevent American from going over the fiscal cliff is “a joke.”

“I think we’re going over the cliff,” the South Carolina Republican said Sunday on CBS’ “Face the Nation.” “It’s pretty clear to me they’ve made a political calculation. This offer doesn’t remotely deal with entitlement reform in a way to save Medicare and Medicaid and Social Security from imminent bankruptcy.”

Graham said he supports limiting federal income-tax deductions as a way to increase government revenues and said if the deductions are targeted correctly, they will raise between $700 and $800 billion in 10 years. He said Obama’s plan to hike tax rates on the wealthy will produce $400 billion during that period and will hurt job creation.

Editor’s Note: New 'Obamacare Survival Guide' Reveals Dangers Ahead for Your Healthcare

“My side knows we lost the election, and we’re willing to put revenue on the table that will get some political heat for people like me,” Graham said. “That is movement in a positive way. The president’s plan does nothing but damn us to becoming Greece.”

Regarding the appointment of Susan Rice as secretary of state following her controversial remarks about the deadly Benghazi attack, Graham said he finds Rice “lacking” competence to handle such a job.

“I think her story on 16 September was a political story designed to help the president three weeks before the election, and she should be held accountable for that,” he said.


© 2014 Newsmax. All rights reserved.

Share:
  Comment  |
   Contact Us  |
  Print  
  Copy Shortlink
Around the Web
Join the Newsmax Community
Please review Community Guidelines before posting a comment.
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
 
Email:
Retype Email:
Country
Zip Code:
 
Hot Topics
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
Around the Web
You May Also Like

EU Cuts Deal to Sanction Russia

Friday, 25 Jul 2014 07:52 AM

European Union ambassadors reached a preliminary agreement on Friday to push ahead with hard-hitting economic sanctions  . . .

ISIS Threatens Iraqi Women to Wear Veil or Face Harsh Punishment

Friday, 25 Jul 2014 07:33 AM

Islamic State, the al-Qaeda offshoot that seized large swathes of northern Iraq last month, has warned women in the city . . .

Rubio: Putin Guilty of 'Murder'; Sees New 'Frankenstein'

Thursday, 24 Jul 2014 14:09 PM

The Russian government is directly responsible for murder' in the shooting down of Malaysian Airlines Flight MH17, and  . . .

Most Commented

Newsmax, Moneynews, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, NewsmaxWorld, NewsmaxHealth, are trademarks of Newsmax Media, Inc.

 
NEWSMAX.COM
America's News Page
©  Newsmax Media, Inc.
All Rights Reserved