Reducing the deficit by adding 4 TRILLION (permanent tax cuts) to it? Hooray!
Cutting spending by 8%? Yippee! Who gets cut? Teachers, schools, firefighters, policemen, construction workers, and public servants of all types.
Reducing unemployment by putting all those folk out of work? Brilliant!
Amplify’d from www.washingtonpost.com
The GOP's Hooey to America
By Eugene Robinson
Friday, September 24, 2010
The Republicans were doing pretty well as the Party of No. So why did they decide to rebrand themselves as the Party of Nonsense?
All right, I'm being slightly disingenuous. Inquiring minds demanded to know just what the GOP proposed to do if voters entrusted it with control of one or both houses of Congress. But if the "Pledge to America" unveiled Thursday is the best that House Republicans can come up with, they'd have been better off continuing to froth and foam about "creeping socialism" while stonewalling on specifics.
The pledge bills itself as a plan to "create jobs, end economic uncertainty, and make America more competitive." These sound like worthy initiatives, but the GOP also promises to "stop out-of-control spending and reduce the size of government." Most economists would contend that right now, given the level of economic distress throughout the nation, those goals are mutually exclusive. No matter, I suppose, since the pledge wouldn't really do either.
But on the spending side, the party would take a number of actions that would immediately destroy jobs. Republicans propose a hiring freeze for federal employees -- exempting the defense and security sectors. Since the private sector isn't hiring, a public-sector job freeze would only ensure that unemployment remains higher than it otherwise would have been. The pledge also proposes embargoing any funds from last year's stimulus bill that have not already been spent -- money that is meant to keep construction workers, teachers, firefighters and others on the job.
If Americans who might have been hired by the federal government or paid with stimulus funds are out of work, they won't have money to spend on goods and services -- and businesses, facing lower demand for their goods and services, won't hire workers or invest in new facilities. Do Republicans actually want to send the economy back into recession, or have they just not read the document issued in their name?
There's much more. I'm just coming to the most dishonest -- or, charitably, most insincere -- of the pledge's many promises. Republicans claim to want to reduce the "massive" federal deficit. That is, indeed, a noble aim. But the plan is riddled with measures that would make the deficit grow, not shrink.
Perhaps the biggest is not just extending the tax cuts, but making them permanent. Over the next decade, this measure would add an estimated $4 trillion to the deficit. The Republicans' notion that cutting the federal budget will somehow make up the difference is laughable. The pledge exempts defense, entitlements and debt service -- the biggest components of the federal budget -- and focuses on "discretionary" spending, which Republicans would cut by "at least $100 billion in the first year alone." Yeah, right.That would be a question to ask before November. I think more than a few people would love to know the answer.See this Amp at http://amplify.com/u/b39j
Read more at www.washingtonpost.com
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