Monday, September 13, 2010

John Boehner's plan for economic recovery.

Go back to 2008.

No seriously, that's what his goal is.  He has stated a 3 point plan:

  1. Cut federal spending 22% to 2008 levels.
  2. Remove laws and policies, including health care changes back to 2008.
  3. Keep income tax rates at 2008 levels.
Don't believe me?  Go watch him on Face the Nation.

It's just mind-blowing that Republicans can proffer this simplistic idea of going back to exactly where we were in 2008, and expect the outcome to be BETTER, if we did nothing.

Of course, if Democrats had enough guts to do it, they could simply give the budget to John Boehner to solve where he'd cut 22%, and see how the markets - especially the bond markets - react to the Republican idea of cutting federal spending to 2008 levels.  Do it, Harry Reid, Nancy Pelosi and Barack Obama...let them start the discussion about where they'd like to cut 22% of the federal budget, and let it come to a vote on the floors of both houses, and see how the markets react.

No comments: