Showing posts with label Bill Clinton. Show all posts
Showing posts with label Bill Clinton. Show all posts

Wednesday, June 10, 2009

PAYGO.

Finally, the President actually does something fiscally that makes sense.

PAYGO, a simple stragety for bringing down the deficits in the budget, is being pushed by President Obama.

"The 'pay as you go' rule is very simple. Congress can only spend a dollar if it saves a dollar elsewhere," Obama said, as he announced that he was submitting to Congress a proposal to make PAYGO law.

This is part of the same system used in the 1990s to bring down the Federal Deficit, under President Clinton and the Republican Congress.

Obama repeated his vow to halve the deficit by the end of his first term, and he said PAYGO is an important step toward making that happen.

"Paying for what you spend is basic common sense. Perhaps that's why, here in Washington, it has been so elusive," the president said Tuesday.

It would be nice if the Feds could do what the average citizen's household must do: Not spend more than we make, and pay back what is borrowed.

But Republicans were quick to question the administration's sincerity.

Republican Whip Eric Cantor charged that the administration's focus on PAYGO "seems more driven by polling and PR strategy than a serious commitment to fiscal discipline."
"It seems a tad disingenuous for the President and Speaker [Nancy] Pelosi to talk about PAYGO rules after ramming trillions in spending through Congress proposing policies that create more debt in the first six months of this year than in the previous 220 years combined," Cantor, R-Virginia, said in a statement Tuesday.

Republicans point to the $787 billion stimulus package as evidence that Obama is not following
his own advice.

Cantor and the Republicans have a great point here.

However, a group of fiscally conservative Democratic representatives known as the Blue Dogs say Obama's proposal is responsible and necessary.
"President Obama inherited an economy in free fall and a $10.6 trillion national debt," said Rep. Jim Cooper of Tennessee, vice chairman of the Blue Dog Budget and Financial Services Task Force. "While short-term spending was necessary to get the economy moving again, our long-term fiscal problems became that much more urgent."


I know this seems very partisan. The Republicans against it no matter what Obama proposes, and the Dems supporting it. But I think it goes further than that. The Republicans, while it is true that they come off as whiny, have a great point. Obama, so far, has done the opposite of what he is proposing.

And the flip side, the Blue Dog Democrats, are supporting it. But I think it goes beyond blind support: they believe PAYGO is a good step, but even they doubt the President's promise to halve the deficit:

But when it comes to reducing the deficit, even the Senate Budget Committee's Democratic chairman doubts the president can deliver on his promise.
Asked if Obama could halve the deficit -- given the recent government spending --- Sen. Kent Conrad said, "I don't believe so. I don't believe anybody could."


So, to summarize, the President is finally doing something fiscally responsible. PAYGO is a great and much needed step. But it isn't enough. Let's see some more of THAT, please.

Wednesday, June 3, 2009

The way Powell could prove his statements.

I know I've posted in the past, being quite unfriendly towards Dick Cheney.

All ugliness aside, I just plain disagree with him on where the Republican Party needs to go.

I have noticed that there is a war of sorts raging within the GOP. Cheney and Limbaugh are on one side, and Powell and McCain are on the other.

First of all, I believe all four individuals above do want to see the GOP remain Grand.

Second, all personal opinion aside, if Powell wants to actually succeed in helping the Republican Party become more "big tent" and moderate, he needs to take a page from the Democratic Party's handbook. No, I'm not talking about becoming more liberal. I'm talking about the DLC: The Democratic Leadership Committee, an independent entity responsible for the "New Democrats," namely the Clintons. Bill Clinton came from the DLC's leadership, which worked to counteract the negative image associated with Jesse Jackson Sr's Presidential run in '84 and '88. They feared the extreme left continuing their takeover of the Democratic Party.

What Powell needs, and I personally believe we need in the GOP, is our own DLC to balance the far-right. If Powell really believes that the Republican Party needs to start bringing in the moderates and social liberals (but fiscal conservatives), he needs to be part of the leadership of said committee. In other words, he needs to back up his words with actions.

CNN's Roland S. Martin has the same idea. From his article at CNN.com:
If such an organization was created, and all of a sudden you had chapters forming in states across the country, you would have the infrastructure to identify candidates to run in local and state races, and challenge the people Powell and others think are driving the party further into isolation as a largely southern and regional party.
It's clear the GOP has enormous problems in the Northeast part of the country, and with Obama winning a sizeable portion of the Hispanic vote, and the party's staunch opposition to illegal immigration, it is going to have a hell of a time in the Southwest and West. And with a fractured party, there is no better time to create an alternative that people can believe in and rally behind.


On CNN last week, senior analyst Gloria Borger said there clearly is a civil war raging within the GOP, and Powell and Cheney are on opposite sides. I chimed in that in any war, I'd trust the guy who put on a military uniform -- Powell -- rather than the guy who ran from serving our country -- Cheney.

In other words, the only way for Powell to prove his point that the party would be stronger if it reached out to moderates more would be to create this kind of organization. If his hypothesis is correct, then the party would grow exponentially, with strong moderate candidates to run for office. If he's wrong, then the worst would be that the party would continue to shift to the right, a path it is already taking.

Powell cannot lose unless he does nothing.