Thursday, July 21, 2011
Ryan outlines "serious flaws" in Gang of Six proposal, promotes Cut, Cap & Balance instead
I had a violent negative reaction to the "Gang of Six" from the moment I heard of it. I expressed my political concerns about it on Monday when I called the Gang's GOP members "chumps," and I feel even more convinced of that having learned more details.
The devil, of course, is always in the details. But I trust House Budget Committee Chairman Paul Ryan's command of them, and I therefore commend to you his take on the so-called "Gang of Six" plan. (Hat-tip to the indispensable Jennifer Rubin at the WaPo.)
Ryan notes that "[t]he plan is not a budget. It is a set of talking points and graphs that outlines an ambitious proposal that has serious flaws but also the potential for worthwhile budget and tax reforms." He then gives this executive summary:
The proposal put forward by a group of seven senators today is a useful addition to the budget debate. I share the frustration that these senators appear to have with the U.S. Senate’s inability to pass a budget in over 800 days. While the proposal lacks detail in many respects, it includes some reforms that could help put our country on a sounder fiscal footing. Most importantly, it reflects a bipartisan recognition that lower tax rates are essential to help spur economic growth. Unfortunately, it increases revenues while failing to seriously address exploding federal spending on health care, which is the primary driver of our debt. There are also serious concerns that the proposal’s substance on spending falls far short of what is needed to achieve the savings it claims. Nevertheless, this effort serves as a sign that we can work together on a bipartisan basis to make a serious down payment now to avert the debt-fueled economic crisis before us.
As always, Ryan has numbers where numbers are to be had, and a sharp eye for puffery and flim-flam from the Dems; he's actually fairly diplomatic in this analysis, and he takes care to point out and give credit for the good ideas and positive developments that can be spotted amid the dross. But it's mostly dross.
The Gang of Six proposal doesn't even qualify as voodoo economics. It's just an outline, a prediction of future voodoo that can't possibly even be turned into a real plan by August 2. So yeah, we're not being offered even the beanstalk. It's all about the magic beans, a promise, and a wink from the likes of Dick Durbin (if the membranes that protect his reptilian eyes could actually retract for him to wink).
This is not something on which the GOP members of the Senate ought to continue investing time and energy. There are still moves to be made, but they're going to come from the House, not the Senate, and the GOP senators need to swallow their damned egos and get in line. They're not covering themselves with glory, they're tripping over their own feet. We expect and deserve better from them. And we specifically need them to be trying to build public awareness of, and support for, Cut, Cap & Balance:
I think Paul Ryan may be the only guy in America who I don't mind hearing use the phrase "cash-flow" as a verb. This is seven and a half minutes of distilled common sense, and I think it's worth your time to listen to it.
No, Cut, Cap & Balance won't pass the Senate. But what happens to it in the Senate is important: In the dance of negotiations and legislation that will take us to November 2012, it's not the last step, but it is indeed the very next step. Senators of both parties need to be forced to go on record on it because, yes: Names are being taken, and those GOP legislators who fall short of our justified expectations are going to have to answer for that.
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(1) DRJ made the following comment | Jul 21, 2011 1:29:07 PM | Permalink
Everything I've read says Cut, Cap & Balance has no chance in the Senate, but I think it has a better chance of influencing the debate if the House GOP leaders support it. That's why it troubles me to see Boehner -- on the very day the Senate starts considering Cut, Cap & Balance -- say the House is willing to compromise. Is he eager to kill Cut, Cap & Balance or am I missing something?
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