Thursday, January 20, 2011

GOP Cost cutting deep

The GOP recently revealed their plan to cut $2.7Trillion in spending over 10 years (Yes that is a T). Does this mean we're on our way out of our national financial problems? Not if the Democrats have anything to say about it and they will have something to say. Without a majority in the Senate the GOP efforts to bring fiscal sanity back to the country are symbolic. What that really means is they already know this and they are going as dramatic as they can to try and build public support. The problem is that it's almost as likely to backfire as it is to help them. Of course the staunchest Republicans are going to support them in any and all of the cuts they've detailed. The problem is that while the independents got them into office on the promise of fixing the economy and bringing down the debt the reality is that they are just as likely to balk at some of the cuts that have been proposed. The GOP knows this and proposed them anyway forcing the dialog with the Democrats and if the Republicans are careful they can show "compromise" and still win...if they're not careful they'll stick to their guns and fail miserably and be accused of being "too partisan". This is an opportunity for our country to get back on track and perhaps dig out from the holes that were dug over the last 6 years. If the Republicans can navigate this tricky political maneuver and bring up a legitimate Presidential candidate they have a decent shot at saving us from the whims of China and our other creditors. Don't hold your breath though.

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