Brian Tashman of Right Wing Watch points out that Tea-GOP presidential front runner Dr. Ben Carson’s federal budget numbers add up to an out-of-control annual deficit.
1. Carson proposes a 10 percent flat income tax according to the biblical practice of tithing. This would raise taxes on the poorest 47 percent of Americans, tax the rich at about 1/4 the current rate, and result in an estimated $1.1 trillion in annual revenue.
2. Carson wants a balanced budget amendment to the U.S. Constitution, which is unlikely to pass. Such an amendment would make deficits unconstitutional. Carson also says that, as President, he would never sign legislation to raise the debt limit.
Slate’s Jordan Weissmann points out that even if “you were to cut all federal outlays, including Medicare, Medicaid, military spending, and Social Security, by 4 percent, you would save less than $150 billion.” Weissmann also noted that a strict government hiring freeze “would only save about $50 billion over a decade.”
Here’s the arithmetic:
Subtract 4% from the current approximately $3.2 trillion in non-military spending, and you get $3.072 trillion. Add the $600 billion Pentagon budget (which does not include the cost of overseas military operations, BTW). So President Carson would spend $3.672 annually to fund the federal government. Subtract $1.1 trillion in revenues. The answer: Carson would have a $2.572 trillion annual budget deficit, which is more than 6 times the FY 2015 $426 billion deficit.
But wait a minute, he’s for a balanced budget and not adding to the National Debt.
I really hope he gets called on this nonsense in tonight’s debate.