Ezra Klein reacts to the GOP’s Pledge to America:
Their policy agenda is detailed and specific — a decision they will almost certainly come to regret.
Because when you get past the adjectives and soaring language, the talk of inalienable rights and constitutional guarantees, you’re left with a set of hard promises that will increase the deficit by trillions of dollars, take health-care insurance away from tens of millions of people, create a level of policy uncertainty businesses have never previously known, and suck demand out of an economy that’s already got too little of it.
Economist Mark Thoma sums it up:
There don’t seem to be any new ideas here, just a promise to undo what’s been done since the Republicans lost power.
Why would we want to return to the policies that brought us
→ a stagnant middle class even in the best of times,
→ widening inequality,
→ out of control financial markets,
→ the biggest recession in recent memory,
→ declining rates of health care coverage,
→ threats to Social Security and to social insurance,
→ tax policies that reinforce inequality
→ big holes in the budget,
→ false claims that tax cuts more than pay for themselves, and
→ two wars that have brought Social Security and Medicare — programs vital to middle and low income households under increasing financial pressure?
• Didnt they have a ten point Contract With America when Gingrich took over? Let’s see… one was to run a balanced budget.
• The plan is to cut transfer payments that provide food and health care to children while cutting taxes, increasing defense spending, the deficit and expanding the size of government under the guise of protecting morals.
• Hey. Some of us get off on that kind of thing. Kall it Kinky Economics. Trickle down was just foreplay.
Republicans are now pledging to stop their spending spree? These Republicans that took a record $236 billion surplus into a record $1.3 trillion deficit? Sick.
The ship of State has a large hole in the bottom where the fuel tank used to be. The Reagan Solution is to chop more holes while invoking Reagan’s name.
“I’ve made clear over the last 20 months, when Republicans were in control of Congress we made our share of mistakes,” Boehner said. Banana republic, here we come.