Monday, January 3, 2011

What's in Store for 2011

I've been reading what the incoming Republican leadership has been saying about their plans for the next legislative session and I have to tell you that I'm scared spitless. Even if one agrees with their plan to repeal the Affordable Health Care legislation (and I don't), the rest of their plans are scary. After railing against the Democrats for increasing the deficit, they forced a budget busting tax cut for the wealthiest 1% of Americans. Now they want to change House rules so that increases in deficits caused by spending have to be offset by spending cuts elsewhere, but deficits caused by tax cuts don't have to be offset. This after stripping out budgetary pay-as-you-go rules during the Bush administration so they could finance the war in Iraq with a huge deficit. When it comes to the deficit, Republicans fail math. Why people want to delude themselves into thinking that we can cut taxes without cutting the core areas of the budget--Social Security, Medicare, defense--escapes me. The Republicans say they want to cut a trivial $100 billion from non core areas--the court system, public safety, health, education--after giving up a $800 billion tax cut. Please tell me how they think this will cut the deficit.

The inmates have definitely taken over the asylum.

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