Why the Pledge to America Bombed - Page 2
Consider this sentence,
With common-sense exceptions for seniors, veterans, and our troops, we will roll back government spending to pre-stimulus, prebailout levels, saving us at least $100 billion in the first year alone and putting us on a path to balance the budget and pay down the debt.
While claiming to protect seniors (they vote) and soldiers (they provide cover for corporate welfare), what they’ve really done here is pretend that one-time stimulus was actually an annual expense, then claim to save about seven percent of the annual deficit. This is simply a combination of a political trick and an accounting trick. Even if it were real, cutting the deficit seven percent annually would lead to the first balanced budget in fourteen years, 2024. Seven House terms, that’s a mighty long “path.”
The Pledge is insubstantial
Republicans propose to “freeze government spending” and eliminate “waste and fraud.” They also promise to protect the borders and enforce sanctions on Iran. Of course, all of these ideas are both bi-partisan and as fluffy as a well made soufflé. Then, we enjoy two pages with photographs of Republican House Members…
On income tax policy, they propose to extend the tax cuts of middle class families. These are the same ones that they blocked, just last week. That’s it.
On business tax policy, they propose to give business a 20 percent deduction. Since most all businesses already have deductions that drive taxable profits below 20 percent, this means they’ve proposed to eliminate business taxes altogether. Now there’s a deficit reduction strategy for you; cut all services to individuals and cut all taxes for business. And then, more pictures of Republican Members.
On government spending, cut waste, cut Congress, a federal hiring freeze. Cut what? Well, “everything” which really means nothing. The Pledge calls for not spending money allocated to stimulus. That might sound good if you’re not a fan of Keynesian economics, but it isn’t a cut in the budget. It’s largely a reduction of federal support for state and local government. After that, you guessed it, more pictures of House Republicans.
On health care, “Repeal and replace.”