Wednesday, November 3, 2010

Okay, GOP, What'll It Be?

The Republicans took back the House and most of the Senate yesterday on a message of extending tax cuts for the wealthy, deficit reduction, and cutting spending. But as they take power, it will be interesting to see how they plan on executing that message, because it doesn't add up.

To begin with, it would have been nice if the same outrage over deficit spending emerged when Bush II was waging two unfunded wars, but that's another matter. The problem here is that you can't argue for both extending tax cuts for the wealthy while complaining about the deficit. The Bush tax cuts are responsible for $200 billion of the deficit annually, far more than Obama's stimulus plan.





















Similarly, the GOP argues for spending cuts as a way toward deficit reduction. But they only favor cuts in domestic spending, not defense, which accounts for over $300 billion, and not by ending the war in Afghanistan, which is one of the largest impacts on the federal deficit. In the GOP's "Plan for America," they outline $100 billion in domestic spending cuts. Merits of that aside, how would that alone be an answer to the deficit without addressing these larger expenditures?

You won the election, GOP, but now you have to tell us how you'll make sense of your agenda.

No comments:

Post a Comment