Posted on 04/01/2009 1:29:23 PM PDT by stylin_geek
WASHINGTON - Republicans in the House Wednesday pressed a budget plan that would cut taxes and radically overhaul Medicare, offering a stark alternative to blueprints offered by President Barack Obama and his Democratic allies.
The plan, drafted by Wisconsin Rep. Paul Ryan, the top Republican on the Budget Committee, also freezes overall spending on domestic programs passed by Congress each year and repeals most of the spending in Obama's recently passed economic stimulus bill.
(Excerpt) Read more at msnbc.msn.com ...
Note that there is an obligatory comment about continued deficits under the Republican plan, but no mention they're signficantly less than current budget deficits.
Pardon if this is a duplicate.
I'm surprised, though, this seems to be pretty well thought out.
Just more “April Fools”
Now they need to get busy and take it to the airwaves. Otherwise they are just wasting time.
Exactly! Now they have a plan, sell it.
I suspect Jason Lewis, XM 165, will talk about it today.
I would guess Glenn Beck will mention it tomorrow morning.
Emergency Economic Stabilization Act of 2008
Ryan (WI) Yeah
the lamestream should be run out of town on a mule.
Everyone knows the GOP spent their way out of office. This, more than anything, is why we now have President Obama.
The GOP has paid a price and this perhaps shows they’ve learned a lesson.
The GOP is like any other business in America. They have to remember who their consumer is. They marketed a bad product, expecting people would buy anyway. They forgot that people don’t have to buy anything, at some point, people will just do without.
The American voter did just that the last couple of election cycles.
“Despite spending reductions, the plan projects permanent deficits exceeding $500 billion into the future, fueled largely by big tax cuts.”
Once again, they fail to note the real purpose of tax cuts (beside shrinking government), namely growing the economy. Larger economy, larger tax base, more tax revenues, smaller deficits.
“Everyone knows the GOP spent their way out of office”
Yet Obama, Dems, the MSM, etc. go on pretending as if the Bush years were laissez-faire, and furthermore that even bigger government is the answer.
The other portion of that is: a $500 billion deficit can be easily financed. A deficit is not necessarily a bad thing, because the debt holder makes money buying T-Bills.
Were this plan enacted, the economy would take off and countries would drive down the cost of financing, because it would become a sellers market.
Yeah, I find it astonishing that President Bush is a bad guy for his tax cuts and expanding government spending.
While President Obama is a good guy for expanding government spending and raising taxes.
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Xxxxx -- In the next 24 hours, Congress will begin voting on President Obama's budget proposal.The vote is a chance to finally put our economy back on sound footing with an honest budget, but Republicans in Congress are still attempting to block the President's plan without offering any ideas of their own. We can't let them do it. Thanks to supporters like you, we're airing an ad exposing the GOP's hollow budget proposal -- a proposal that didn't have a single number in it. We need to keep our ad on the air to prevent this kind of politics from stopping the change this country so desperately needs. With so much at stake, please make a donation of $5 or more so we can keep up the pressure: https://www.democrats.org/nonumbers Thank you, Jen Jen O'Malley Dillon Executive Director Democratic National Committee  |
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Contributions or gifts to the Democratic National Committee are not deductible as charitable contributions for federal income tax purposes. |
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It offers a stark contrast to the liberal plan, and has two very convenient qualities: first, the efficacy of tax cuts in spurring economic activity is backed up by history, and secondly it is simple to understand how directing measures at the private sector instead of the public sector may help the private sector (the one that has been in trouble) more.
Even if it fails, putting the plan on the table has potential to slow down the onslaught of socialist measures this administration has planned for us.
This thing could really knock them off balance, in my opinion.
Hah, the GOP was quick enough to make this a false ad.
Cool.
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