Rachel Maddow on Marco Rubio's Economic Illiteracy

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I am glad Rachel Maddow is pointing out that Marco Rubio is an economic illiterate. I have been blogged about Rubio's fiscally silly ideas here, here, here, here, here, here, here, here, here, here, here, and here. Jamelle Bouie of TAPPED fed Rubio's budget proposals through the Committee for a Responsible Federal Budget's budget simulator. Bouie found Rubio's proposals would make the U.S. debt to 79 percent of GDP.

Unsurprisingly, Rubio's plan doesn't come close to meeting those targets. Insofar that Rubio's plan saves any money, it's by canceling TARP and making drastic cuts in social services. Even then, those cuts would only save $640 billion. By contrast, Rubio's plan to extend the Bush tax cuts and repeal the Affordable Care Act would increase the debt by $3.4 trillion. At best, Rubio's plan would bring U.S. debt to 79 percent of GDP by 2018.

This is the problem when a political party runs on bumper stickers slogans and not serious policy proposals.