Republicans “Pledge for America” Needs Work

In case you haven’t seen it, Congressional Republicans have released their “Pledge to America.” It has a few very nice, solid ideas in it, specifically:

Repeal and Replace ObamaCare;

Cut Government Spending to Pre-Stimulus, Pre-Bailout Levels (2008 levels);

End TARP Once And For All;

End Government Control of Fannie Mae and Freddie Mac;

Those are all very good ideas as far as they go, but as Gene Healy of the Cato Institute writes, there is a lot of work needed — going far beyond the ideas contained in “The Pledge” — needed to turn around the US economy.

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5 Replies to “Republicans “Pledge for America” Needs Work”

  1. Here’s what George Hager, of The Fiscal Times, had to say in his Sep 24 article, GOP Pledge is no Contract; in part, “Now come the Republicans of 2010 to lecture the nation again on fiscal responsibility, which they honor by digging the deficit hole even deeper. They would extend the Bush tax cuts for everybody, at a cost of about $4 trillion over the next 10 years, and then throw in a bit of dirt to try to fill the hole by whacking domestic discretionary programs, which account for all of about 17.5 percent of federal spending and are by any measure not the problem.” and “And one more thing: The Pledge promises to freeze government hiring for non-security employees, implying that government jobs are out of control. But let’s take a look at the numbers, shall we? There are fewer federal employees now (about 2.1 million in 2009, according to the Office of Personnel Management) than at the end of the Reagan administration (2.2 million).
    http://www.thefiscaltimes.com/Blogs/2010/09/24/Capital-Exchange-Hager-GOP-Pledge.aspx

    1. I would caution that federal employment is a highly-misleading number because Republicans in particular have relied on government contractors. While this may be wise depending on the situation, the fact remains that Bush and Obama have combined to DOUBLE the overall size of the federal government from $1.9 trillion to $3.8 trillion.

  2. The federal government, as well as state, county and city, should put services out to bids. Yes, police/fire and the Military are parts of government, but the rest, road building and repair, local needs, should go out for competitive bids. Certainly the Post Office needs to go, air port management, and let Morgan Stanley and Goldman bid for Freddie and Fannie.

    These are examples of changes needed. I chose road building and repair as in Santa Fe County, the officials there were caught providing government services to their friends.

    Given the voting fraud around the tax payer money to support a privately owned race track at Ruidoso, certainly the enforcement and management of voter registration is another service that could go out for bids, because it is now.

  3. I read an article today that indicated the republicans will not tackle the following issues under their “pledge” program: Social Security, Medicare, the military. These three programs along with other”mandatory” spending obligations require outflows beyond current inflows. For any “serious” change to take place, everything must be put on the table. Everything!

  4. The pledge is full of contradictions. For example they pledge to honor the 10th amendment, but say they will repeal and replace Obamacare. How does the honor the10th amendment?

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