Wednesday, September 8, 2010

Orange Julius Goes Back To The Future

John Boehner's alternative GOP economic plan?  Freeze tax rates for two years and cut spending levels to fiscal 2008.
Boehner said the biggest problem with the economy currently is the "uncertainty facing small businesses" that have been reluctant to engage in significant new hiring.

Appearing on ABC's "Good Morning America," Boehner said the American people are asking, "Where are the jobs?" and that the Obama White House is "out of touch" with voters. But he also said that "I'm open to the president's ideas." 
Sure he is.  We do realize that cutting funding across the board to 2008 levels means eliminating all the funding for everything Obama and the Democrats have passed, right?  Defunding health care reform, Wall Street oversight, credit card regulation, Medicare and Social Security COLAs, all of that goes away.

The GOP wants to roll back the clock to Bush's last year in office and keep it there (only revenues would be down even further.)  Big tax cuts for the rich, even bigger spending cuts for everyone else.  Where have we heard that plan before?  Taking massive amounts of spending out of an economy on the edge of another leg down in a depression.  That'll help!

Boehner may be measuring the drapes in Nancy Pelosi's office, but in the meantime he should be more worried about how the best plan he has is literally replaying the Bush years.

2 comments:

Steve M. said...

Medicare and Social Security COLAs, all of that goes away.

Oh, no. He's being subtler than that. He'll defend the COLAs and demand that everything else (except defense, which will also retain its annual increases) be cut even more to compensate.

Grover Norquist's bathtub will almost be big enough to fit what's left by then.

In Ur Blog Eatin Waffles (Accept no fail imitations) said...

Interesting find today..

JFK vs BHO

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