Majority Leader Eric Cantor touts strategy to grow economy

Discussion in 'Economy' started by rdean, Feb 26, 2011.

  1. rdean
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    rdean rddean

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    Republicans would do away with funding for 150 programs including flood prevention ($30 million), multifamily rural housing rehab ($25 million), cops hiring ($298 million), endangered species conservation ($83 million), re-integration of ex-offenders ($108.5 million), family planning ($317.5 million), math and science partnerships ($180.5 million), Teach for America ($18 million), Reading is Fundamental ($24.8 million) and national infrastructure investments ($600 million).

    Cantor touts strategy to grow economy

    Eric Cantor - one of the Republican "Young Guns".

    I want to make sure I understand this list:

    Defund:

    Flood prevention
    housing rehab for the rural poor
    cops
    endangered species protection
    re-integration of criminals into society
    Family Planning
    math and science
    teaching
    reading
    National Infrastructure investment

    This is the plan? This will "grow the economy"?

    Am I the only one who has a problem with this "plan"?
     
    Last edited: Feb 26, 2011
  2. PoliticalChic
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    PoliticalChic Diamond Member

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    Let me help you out here, deanie...

    1. If you want a real eyeful of potential cuts that would save billions, …

    a. The GAO says the federal government made at least $98 billion in ‘improper’ in 2009. White House reports $98B in improper government payments - Nov. 18, 2009

    b. Federal auditors rated ever government program, and found that 22% of them, $123 billion in spending, were ineffective! 50 Examples of Government Waste | The Heritage Foundation

    c. Did you know that the CBO reports a vast number of cuts that would save a fortune? http://www.cbo.gov/ftpdocs/102xx/doc10294/08-06-BudgetOptions.pdf
    Here are a few:

    i. The CBO also considered the option of cutting the Airport Improvement Program that provides grants to airports to expand runways and improve security, saying this would reduce spending by $10.7 billion through 2019.

    ii. The CBO also considered the option of cutting the Airport Improvement Program that provides grants to airports to expand runways and improve security, saying this would reduce spending by $10.7 billion through 2019.

    iii. End subsidized loans to graduate students Ten year savings $18.8 billon
    iv. End Department of Energy research on fossil fuels. Ten year savings $7.9 billion.
     
  3. rdean
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    rdean rddean

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    Look, plenty of "end this" and "end that". Where is the plan to "grow" something? I don't believe that's something Republicans can do. What have they "grown" besides the deficit? Or the number of "poor people"? Or the fortunes of billionaires? Or the amount of pollution? Or those aren't questions you're prepared to answer?
     
  4. skeptic
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    skeptic BANNED

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    But none of your response addresses the stated claim to "grow the economy".
     
  5. PoliticalChic
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    PoliticalChic Diamond Member

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    1. "Republicans can do. What have they "grown" besides the deficit?"
    FDR, LBJ....you can throw in Bush II


    The answer to growth is lower taxes, and less regulation.
    Encourage entrepreneurship, not public sector work...'higher calling' my petootie.


    2. "Or the number of "poor people"?

    "When all sources of income are included -- wages, salaries, realized capital gains, dividends, business income and government benefits -- and taxes paid are deducted, households in the lowest income quintile saw a roughly 25% increase in their living standards from 1983 to 2005. (See chart nearby; the data is from the Congressional Budget Office's "Comprehensive Household Income.") This fact alone refutes the notion that the poor are getting poorer. They are not."
    http://online.wsj.com/public/article_print/SB122143692536934297.html


    3. So, what has been the record of Keynesian policy? The Bush/Pelosi stimulus bill of February, 2008: no positive effects. “President Obama and Congressional Democrats came back with the almost $1 trillion stimulus bill, promising that it would stop unemployment from climbing above 8%.” Aside from the totally illusory and fabricated ‘jobs created or saved,’ no positive effects, slow and weak recovery from the recession, which has lasted almost two years (a postwar record) …as compared to “tax rate reductions that were the focus of Reaganomics and supply-side theory, which fundamentally change economic incentives.”

    a. [The] “Obama Administration came into office knowing that the economy would ultimately recover as the business cycle turned up naturally, and planned to reap the political credit, enabling still greater leaps of neo-socialism

    b. “[O]ver the past 40 years, every time capital gains tax rates have been cut, revenues have increased, and every time capital gains tax rates have been increased, revenues have declined.”
    The American Spectator : The Coming Crash of 2011


    And, to clarify, your constant attack on the "6%'ers" is not the basis of my response...rather your attack on sound, conservative, tried and true economic policy is.
     
  6. PoliticalChic
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    PoliticalChic Diamond Member

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    Well, then, check out post #5.
     
  7. Annie
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    Annie Diamond Member

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    Some of those cuts that deany is referring to are good things, things that never should have seen the light of day in the first place:

    http://www.nytimes.com/2011/02/27/u...l=1&adxnnlx=1298811820-eyTo2mi4rPEusf4UsXB2MA

     
  8. Mad Scientist
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    Mad Scientist Deplorable Gold Supporting Member Supporting Member

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    After more than a trillion dollars in government stimulus having had a minimal effect, rdean STILL thinks government is the answer.

    :cuckoo:
     
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  9. Annie
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    Annie Diamond Member

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    Looking at the list, here's what I see:

    Defund:

    Flood preventionOnly federal if the flood plain is regional, not in one state, i.e., Mississippi or Missouri River areas.
    housing rehab for the rural poor state or county
    cops municipality, county, state
    endangered species protection conservation organizations or regional government committees
    re-integration of criminals into society state
    Family Planning state/local, private organizations
    math and science local/state
    teaching local/state
    reading local/state
    National Infrastructure investment define. The Eisenhower system was a great project at the time. Something like that funded with bonds, then each state picking up maintenance costs in the future. Sure. Same with things like the TVA. Of course these types of projects are only doable when the money is there, which it currently isn't.
     
    Last edited: Feb 27, 2011
  10. Rozman
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    Rozman Gold Member Supporting Member

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    The Plan is called.... "The appetizer"

    We haven't gotten to the soup course,the salad course,the entree,or the desert,or the brandy or the cigar....

    Hold onto you panties Libs...It's gonna be a rough ride.:lol::lol::clap2:
     

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