Sadie sent me a link to a post about the various budget plans, all of which turn out to be hogwash. The link is below, but it’s really an excuse for me to ask a question I wanted to ask anyway. Is anyone in Washington pushing a realistic plan? Is there, for example, a “Tea Party” plan that actually addresses the deficit/debt issue? Do any of the Republican presidential candidates have a plan? We’ve talked here about what we’d like to see, personally, but I’m asking here about plans by people in the public eye, actually being considered by lawmakers and potential lawmakers.
With that backdrop, it’s time to rate the Obama, Reid, and Boehner Deficit reduction plans on a credibility scale.
- Rock Solid
- Cream Puff
Scoring the Proposals
- Given a $1.4 trillion deficit, the latest plan from Boehner to cut a minuscule $85 billion a year (and back-loaded at that) is somewhere between nauseous and gaseous. It’s no wonder that various Tea-Party members will not vote for it.
- Obama’s plan is imaginary or delusional depending on whether or not the President actually believes he has a plan, when he doesn’t.
- Parts of Senator Reid’s plan are gaseous and the rest is clearly imaginary.
- In contrast, the gang-of-six $4 trillion deficit cutting plan has something of the consistency of Jello, fudge, or marshmallow depending on details that were never disclosed.
$4 trillion sounds like a lot but it is only $400 billion a year, while the deficit is $1.4 trillion. Thus it’s tough to give that plan a rating higher than Jello, and impossible to give it a rating higher than fudge.
At this late juncture, the best one can reasonably hope for is a nauseous resolution. Unfortunately, the odds now favor something between gaseous and imaginary with delusional a distinct possibility.
The higher the score, the lower the credibility, and the better for gold.