Saturday, March 28, 2009

The GOP Budget Proposal


The GOP released their "budget" this week and they probably didn't receive the response they had hoped. It was universally panned by both the right and left due to a complete lack of actual details.

As an illustration of just how weak the opposition party is right now, David Feddoso comments:

One cannot help but get the impression that Obama's challenge to present an alternative caught the Republicans unprepared. It's great that they're going to present an alternative budget, but it's a bit disappointing to be promised a budget and to get a general statement of policies instead.

Still, there is some information about the current GOP's vision to be gleamed from the proposal. The general objectives are:
  1. Curb Spending
  2. Create Jobs and Lower Taxes
  3. Control the Debt
Who can disagree with those? Unfortunately, the solutions seem to have a common theme, see if you can pick it out. For example, on health care:
Republicans support leveling the playing field through policies that will provide tax incentives for millions more working families and small business owners to obtain access to coverage.

On creating jobs:
Instead of raising taxes on all Americans in the midst of a recession, Republicans seek to reduce the tax burden on working families and small businesses in order to create jobs and unlock private capital.

On energy:
Instead of taxing all energy users with a new energy tax that will cost up to $3,128 per household, Republicans want energy independence with increased exploration and the development of new renewable energy sources, such as wind and solar.

Cut taxes, cut taxes, cut taxes. There are some other solutions such as "ending bailouts" and "reducing the deficit" without any real details on how to do that. The plan does close with a counter proposal to the fed's loose monetary policy to help reduce the long term prospects of inflation. Probably the least comprehensible to the general public but it is worth hearing more about.

Apparently, the GOP will produce an actual budget this week, I'm on the edge of my seat.


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