Republican Plan For Fiscal Sanity

[Sinatra]

To me, the plan looks like, "Don't do anything". Where are the "Wall Street Regulations" what were stripped out?

Republicans didn't improve the countries infrastructure in 8 years even with bridges falling into the river during rush hour. And their "new" plan is to do "nothing"?????

I hope they run on "do nothing".

With the current rate of deficit spending, the entire country, nay, the civilized world, is falling into the river pallie...

 

[Sinatra]

+

Here are further specific details of the Republican Fiscal Sanity Plan...

___

In contrast, the Republicans list a number of spending proposals to close the budget gap, most of which has already been introduced to the House and ignored by Nancy Pelosi. It counters the entire narrative of the Party of No, showing that Republicans have attempted to offer ideas to reduce spending and the national debt, or at least to slow down the growth in both. Had Democrats decided to actually produce a budget, they would have had to consider the following:

*Cancel Unused TARP Funds. Prohibit the Treasury Secretary from entering into new commitments under the Troubled Asset Relief Program [TARP]. Ending TARP would prevent up to $396 billion in additional disbursements; CBO estimates savings of $16 billion. H.R. 3140 introduced by Rep. Tom Price of Georgia.

*Cancel Unspent ‘Stimulus’ Funds. Rescind all unobligated budget authority authorized under the “stimulus” bill and dedicate to deficit reduction. Saves up to $266 billion. H.R. 3140 introduced by Rep. Tom Price of Georgia.

*Cut and Cap Discretionary Spending. Return non-defense discretionary spending to pre-Obama (fiscal year 2008) baseline levels. Saves up to $925 billion. Legislation introduced by Reps. Ryan and Hensarling (H.R. 3964) and Rep. Jim Jordan of Ohio (H.R 3298) include caps on discretionary spending.

*Reduce Government Employment. Hire one person for every two who leaves civilian government service until the workforce is reduced to pre-Obama levels (exempting the Departments of Defense, Homeland Security, and Veterans Affairs). Saves an estimated $35 billion. H.R. 5348 introduced by Rep. Cynthia Lummis of Wyoming.
Freeze Government Pay. Freeze Federal civilian pay for 1 year. Saves an estimated $30 billion.

*Adopt the Legislative Line-Item Veto. Enact a constitutional line-item veto law. The President’s FY 2011 budget included terminations, reductions, and savings that would achieve $23 billion in one year. While Congress may not accept all these savings, the Line Item Veto can help reduce spending. H.R. 1294 introduced by Rep. Paul Ryan of Wisconsin.

*Reform and Bring Transparency to Fannie Mae and Freddie Mac. Reform these companies by ending conservatorship, shrinking their portfolios, establishing minimum capital standards, reducing conforming loan limits, and bringing transparency to taxpayer exposure. According to CBO, the cost to taxpayers of putting government in control of Fannie and Freddie is $373 billion through 2020. Saves an estimated $30 billion. H.R. 4889 introduced by Rep. Jeb Hensarling of Texas. H.R. 4653 introduced by Rep. Scott Garrett of New Jersey.

*Create a Sunset Commission. Establish a commission to conduct systematic reviews of Federal programs and agencies, and make recommendations for those that should be terminated; and provide for automatic sunset of programs unless expressly reauthorized by the Congress. H.R. 393 introduced by Rep. Kevin Brady of Texas.

*The biggest gain would come from rolling back non-defense discretionary spending to FY2008 levels, which would save $925 billion over ten years.


Hot Air GOP proposes $1.3 trillion in savings over next 10 years

 

[Samson]

They say it, but they won't do it.

I haven't forgotten 1995.

Yeah, WTF is this $1.3 Trillion savings/reduction over 10 YEARS, crap

Republicans need to stop acting like I'm some sort of idiot. Any fucking thing can happen in 10 YEARS! Tell me what your 2 year plan is, NOW, if they want to regain any credability.

 

[theHawk]

*Create a Sunset Commission. Establish a commission to conduct systematic reviews of Federal programs and agencies, and make recommendations for those that should be terminated; and provide for automatic sunset of programs unless expressly reauthorized by the Congress. H.R. 393 introduced by Rep. Kevin Brady of Texas.

Kill the department of education and the EPA for starters.

 

[Soggy in NOLA]

To me, the plan looks like, "Don't do anything". Where are the "Wall Street Regulations" what were stripped out?

Republicans didn't improve the countries infrastructure in 8 years even with bridges falling into the river during rush hour. And their "new" plan is to do "nothing"?????

I hope they run on "do nothing".

Bridges are falling into the river @ rush hour?

Where?

Anyway, Are you saying under 6 years of a Republican majority they were supposed to fix 200 years of infrastructure? Wow... then Obama should have had this oil spill mopped up in, say, 30 minutes?

What a douche you are.

 

[Sinatra]

To me, the plan looks like, "Don't do anything". Where are the "Wall Street Regulations" what were stripped out?

Republicans didn't improve the countries infrastructure in 8 years even with bridges falling into the river during rush hour. And their "new" plan is to do "nothing"?????

I hope they run on "do nothing".

Bridges are falling into the river @ rush hour?

Where?

Anyway, Are you saying under 6 years of a Republican majority they were supposed to fix 200 years of infrastructure? Wow... then Obama should have had this oil spill mopped up in, say, 30 minutes?
What a douche you are.

 

[Oddball]

What is clear is that the Republicans have been offering up alternative plans - and predictably those plans have been ignored by Pelosi and Co.

Now they are finally getting far more organized and public with their opposition.

It would appear the Tea Party movement has finally seeped into the thick skulls of the Republican Party establishment...

Were that true, they'd have a lot bolder of a reputed plan.

All the RNC goobers are doing is promising more of the same-old-same-old timid turd polish, that will never get implemented should they unexpectedly gain control.....Just like '94.

 

[Sinatra]

What is clear is that the Republicans have been offering up alternative plans - and predictably those plans have been ignored by Pelosi and Co.

Now they are finally getting far more organized and public with their opposition.

It would appear the Tea Party movement has finally seeped into the thick skulls of the Republican Party establishment...

Were that true, they'd have a lot bolder of a reputed plan.

All the RNC goobers are doing is promising more of the same-old-same-old timid turd polish, that will never get implemented should they unexpectedly gain control.....Just like '94.

Don't kill my buzz Dude...

 

[Oddball]

I'll be the first with the props if they actually follow through this time.

But I'm not holding my breath.

 

[Sinatra]

I'll be the first with the props if they actually follow through this time.

But I'm not holding my breath.

C'mon now - I KNOW you hold your breath after inhaling deeply...


[ame]http://www.youtube.com/watch?v=zr4MNw9_y40[/ame]

 

[VaYank5150]

I'll be the first with the props if they actually follow through this time.

But I'm not holding my breath.

What's to follow through on? This is an outline at best, and a wish list for the mentally challenged at worst. This is ALMOST as pathetic as their 18 page NATIONAL BUDGET plan. Did this come from Cantor's American Idol version of American politics website?

 

[Mr. Peepers]

Kill the department of education and the EPA for starters.

Why? Because you like having no recourse for companies that poison the air and water... and you want all schools corporation run, correct? Because corporations know what is best for profits - erm - I mean your children and the environment...

 

[Oddball]

Kill the department of education and the EPA for starters.

Why? Because you like having no recourse for companies that poison the air and water... and you want all schools corporation run, correct? Because corporations know what is best for profits - erm - I mean your children and the environment...

Or maybe because you can build the strawman that sez because the federal gubmint won't do it, nobody will?

 

[rdean]

To me, the plan looks like, "Don't do anything". Where are the "Wall Street Regulations" what were stripped out?

Republicans didn't improve the countries infrastructure in 8 years even with bridges falling into the river during rush hour. And their "new" plan is to do "nothing"?????

I hope they run on "do nothing".

Bridges are falling into the river @ rush hour?

Where?

Anyway, Are you saying under 6 years of a Republican majority they were supposed to fix 200 years of infrastructure? Wow... then Obama should have had this oil spill mopped up in, say, 30 minutes?

What a douche you are.

By Paul Levy, Star Tribune

Last update: August 2, 2007 - 8:24 AM

Emergency crews have resumed their recovery and clean up efforts at the scene of the Interstate 35W bridge that collapsed during rush hour Wednesday evening.

4 dead, 79 injured, 20 missing after dozens of vehicles plummet into river | StarTribune.com

There are numerous federal reports showing that over 75,000 bridges are structurally unsafe dating back to before 2005. I won't even go into road, railways and power grids.

And those inspectors that Obama relies on were put into their jobs by Bush. Drill baby Drill. That's what he gets for listening to Republicans. No education. No sense. No ideas.

I'm only a douche, but you are a idiot moron. Typical.

 

[VaYank5150]

To me, the plan looks like, "Don't do anything". Where are the "Wall Street Regulations" what were stripped out?

Republicans didn't improve the countries infrastructure in 8 years even with bridges falling into the river during rush hour. And their "new" plan is to do "nothing"?????

I hope they run on "do nothing".

Bridges are falling into the river @ rush hour?

Where?

Anyway, Are you saying under 6 years of a Republican majority they were supposed to fix 200 years of infrastructure? Wow... then Obama should have had this oil spill mopped up in, say, 30 minutes?

What a douche you are.

By Paul Levy, Star Tribune

Last update: August 2, 2007 - 8:24 AM

Emergency crews have resumed their recovery and clean up efforts at the scene of the Interstate 35W bridge that collapsed during rush hour Wednesday evening.

4 dead, 79 injured, 20 missing after dozens of vehicles plummet into river | StarTribune.com

There are numerous federal reports showing that over 75,000 bridges are structurally unsafe dating back to before 2005. I won't even go into road, railways and power grids.

I'm only a douche, but you are a idiot moron. Typical.

How soon they forget.

 

[Oddball]

Right...And that had everything to do with republicans.

You kooks are giving kooks a bad name.

 

[Toro]

Well, that is very nice and all, and at least the GOP is offering something, but the party long ago abandoned it's fiscal responsibility roots and embraced bizarre and irresponsible supply side tax theories. Most of these bozos were in Congress when they presided over some of the most reckless fiscal policies in the history of the nation. Remember that the FY2009 budget, which had a budget deficit of $1.4 trillion was Bush's last budget, which included little in the way of new spending initiatives from the Democrat Congress. So these clowns have almost zero credibility. But at least it's a start.

As for the plan, it demonstrates once again that the party is not serious about the deficit. The accumulated deficit over the next 10 years will be pushing $5 trillion. $1.3 trillion in cuts barely makes a dent in the necessary spending cuts. 75 percent of the budget is SS, Medicare and defense. You simply cannot make any real headway unless you slash these three items. Or raise taxes. Saying you are going to cut federal government employees might make us all feel good, but it is bullshit when dealing with the deficit as government operations is a rounding error in the total budget.

Americans are living in a fantasy land. There are going to have to be either deep cuts in spending or big tax increases to deal with our fiscal mess, and it will almost certainly take a crisis for people to realize this.

 

[rdean]

Kill the department of education and the EPA for starters.

Why? Because you like having no recourse for companies that poison the air and water... and you want all schools corporation run, correct? Because corporations know what is best for profits - erm - I mean your children and the environment...

Or maybe because you can build the strawman that sez because the federal gubmint won't do it, nobody will?

And how well did that work out for the miners and now for the oil-wells? When companies are going for the profit, nothing stands in the way.
stupid, that's all you know.

 

[Oddball]

Well, that is very nice and all, and at least the GOP is offering something, but the party long ago abandoned it's fiscal responsibility roots and embraced bizarre and irresponsible supply side tax theories. Most of these bozos were in Congress when they presided over some of the most reckless fiscal policies in the history of the nation. Remember that the FY2009 budget, which had a budget deficit of $1.4 trillion was Bush's last budget, which included little in the way of new spending initiatives from the Democrat Congress. So these clowns have almost zero credibility. But at least it's a start.

As for the plan, it demonstrates once again that the party is not serious about the deficit. The accumulated deficit over the next 10 years will be pushing $5 trillion. $1.3 trillion in cuts barely makes a dent in the necessary spending cuts. 75 percent of the budget is SS, Medicare and defense. You simply cannot make any real headway unless you slash these three items. Or raise taxes. Saying you are going to cut federal government employees might make us all feel good, but it is bullshit when dealing with the deficit as government operations is a rounding error in the total budget.

Americans are living in a fantasy land. There are going to have to be either deep cuts in spending or big tax increases to deal with our fiscal mess, and it will almost certainly take a crisis for people to realize this.

That's why I say they'll say it, but they won't do it.

 

[Oddball]

Why? Because you like having no recourse for companies that poison the air and water... and you want all schools corporation run, correct? Because corporations know what is best for profits - erm - I mean your children and the environment...

Or maybe because you can build the strawman that sez because the federal gubmint won't do it, nobody will?

And how well did that work out for the miners and now for the oil-wells? When companies are going for the profit, nothing stands in the way.
stupid, that's all you know.

Has anyone told you that you're a blabbering moron?

I mean today.