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来源类型Article
规范类型评论
Not Much Better Than the Status Quo
Veronique de Rugy; Jakina Debnam
发表日期2010-10-19
出版年2010
语种英语
摘要The Washington Post recently noted that the Republicans’ Pledge to America is not making much of a difference on the campaign trail: “For all the fanfare and publicity that accompanied the pledge’s release, relatively few Republican candidates nationwide appear to be adopting it as a guiding vision, much less incorporating it into their campaigns.” With polls showing strong support for reducing spending and deficits, why would GOP candidates not tout their Pledge? Maybe it is because the Pledge, the GOP’s plan to create jobs and cut government spending, is not as fiscally conservative as congressional Republicans claim. The United States is on an unsustainable fiscal path because lawmakers are spending too much now and have promised to spend far too much in the near future. Spending must be cut at some point, but the Pledge does not do much of that. It makes no attempt to fundamentally reform entitlement spending, the primary driver of government spending growth, and the proposed savings are relatively small. The Pledge offers only a slight improvement over the current situation and fails to address the country’s looming fiscal crisis (see chart below).  Here are all the reforms promised in the Pledge, with the fiscally significant promises in bold: —Stop all tax hikes. —Roll back government spending to pre-bailout levels, with exceptions for seniors, veterans, and troops (the Pledge claims this will save at least $100 billion in the first year alone). —Repeal and replace the government takeover of healthcare. —Require congressional approval for regulations that may affect the deficit or make it harder to create jobs. —Repeal small business mandates contained in healthcare law. —Establish strict budget caps to limit federal spending going forward. —Freeze net hiring of non-security federal employees. —Eliminate wasteful and duplicative spending. —End bailouts. —Cancel TARP. —Reform Fannie Mae and Freddie Mac. —Allow small business owners to take a tax deduction equal to 20 percent of their business income. —Fully fund missile defense. Overall, there is no doubt that the Pledge to America is a disappointment for fiscal hawks and it will not be remembered as the signature document of small-government Republicans. The best that can be said about it is that it is a slight improvement over the current budget. Veronique de Rugy is a senior research fellow at The Mercatus Center at George Mason University, where Jakina Debnam is a research associate.
主题Economics ; Politics and Public Opinion ; Polls ; Public Economics
标签numbers
URLhttps://www.aei.org/articles/not-much-better-than-the-status-quo/
来源智库American Enterprise Institute (United States)
资源类型智库出版物
条目标识符http://119.78.100.153/handle/2XGU8XDN/249668
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GB/T 7714
Veronique de Rugy,Jakina Debnam. Not Much Better Than the Status Quo. 2010.
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