May 25, 2010

Yawner: GOP Proposes $1.3 Trillion in Savings

Yes, that is indeed a yawner. $1.3 trillion in savings is nothing to sneeze at.  In fact it's great!  And it's full of great ideas. As the ever great Ed Morrissey points out, 
Democratic attempts to paint Republicans as the Party of No got a little tougher today with the release of a new plan from the House Republicans on the Budget Committee.  The GOP has demanded spending cuts, and today the group led by Rep. Paul Ryan (R-WI) laid out a preliminary slate of specifics.  If adopted, they predict that they can save over $1.3 trillion over the next ten years. 
Why is it a yawner then?  Because it's still only a  tenth of what's needed. It's just a start. Wake me up when they propose $13 trillion in savings because then we are covering off the $9.76 trillion in new debt between 2011 and 2020 that Obama plans on spending.  That's not my number, that's the CBO's.

I applaud the GOP for their efforts. It's a good start. Sadly however, $1.3 trillion has become a drop in the bucket ocean at this point.

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