GOP has successfully filibustered President Obama’s jobs bill. It seems their jobs, jobs, jobs mantra was just talk because since they took over Congress they have yet to pass a bill that would create jobs.
In fact, the most recent budget proposal passed by Republicans, the Paul Ryan Budget, would have had the opposite effect of creating jobs, instead losing 1 million jobs (not to mention turning Medicare into a voucher program). The plan illustrates core party principles.
The Republican budget
Ends Medicare as we know it, kicking low income and middle class retirees into the Kafkaesque and inefficient private insurance market.
Tears gaping holes in public investments in education and lifelong learning, efficiency enhancing infrastructure and energy modernization, and science research and technological R&D that create jobs today, “crowd-in” private investment, and provide a foundation for long-run sustained economic growth.
Offers tax cuts to U.S. billionaires paid for by raising taxes on the middle class and shredding social protections for those hit hardest by the economic downturn, the most efficient policies to boost jobs and economic growth in the short-term.
All told, the Republican budget would kill an estimated 1 million jobs. The budget, however, wasn’t the only indication of the GOP’s priorities. GOP’s jobs agenda presents a litany of bills that in fact provide explicit subsidies for corporate oil, coal, and gas producers.
President Obama’s Job Plan
The GOP’s budget juxtaposed with Obama’s budget truly show where the loyalties lie in each party. Here is a list of some of the things Republicans decided to vote against (full budget here):
As part of a six-year, comprehensive surface transportation bill at $35 billion per year, the Budget creates hundreds of thousands of jobs in the short term with a $50 billion up-front investment; establishes a National Infrastructure Bank to support projects of national importance; and brings access to high-speed rail to 80 percent of Americans within 25 years.
Consolidates 60 duplicative, often earmarked programs into five. Investment will only be made if bipartisan financing is found to ensure that it does not increase the deficit.
Builds a next-generation, wireless broadband network to bring high-speed Internet access to 98 percent of Americans, and establish an interoperable network for public safety. Plan is fully paid for, and the sale of spectrum provides nearly $10 billion for deficit reduction.
Maintains maximum Pell Grant award, helping 9 million students afford college. Paid for with more than $100 billion in savings, including eliminating year-round Pell and graduate student in-school loan subsidy.
Reforms K-12 school funding by supporting high standards, encouraging innovation, and rewarding success.
Consolidates 38 K-12 programs into 11 that emphasize competition and evidence of what works, while also eliminating 13 education programs outright.
Expands the Race to the Top concept to early childhood education, school districts, university funding, and job training.
Prepares 100,000 new science, technology, engineering, and math teachers.
Key Budget Facts
The Budget includes more than $1 trillion in deficit reduction – two-thirds of it from cuts — and puts the nation on a path toward fiscal sustainability so that by the middle of the decade, the government will be paying for what it spends and debt will no longer be increasing as a share of the economy.
The President meets his pledge to cut the deficit he inherited in half by the end of his first term.
Five-year non-security discretionary spending freeze will reduce the deficit by over $400 billion over the next decade and bring this spending to the lowest level since President Eisenhower sat in the Oval Office.
10-year Deficit Reduction: $1.1 trillion, excluding war savings and not extending 2001 and 2003 tax cuts for high-income earners. Two-thirds are from spending cuts. 2011 Projected Deficit: $1.645 trillion, 10.9 percent of GDP; 2012 Projected Deficit: $1.101 trillion, 7.0 percent of GDP; 2015 Projected Deficit: $607 billion, 3.2 percent of GDP; 2017 Projected Deficit: $627 billion, 3.0 percent of GDP.
I have said it before and I will say it again, the Republicans want to make the economy worse leading up to the 2012 election (Starve The Beast) to give them the best chance to win back the White House and try to gain control of both Houses. You will recall Senator McConnell telling National Journal’s Major Garrett, “The single most important thing we want to achieve is for President Obama to be a one-term president.”
This is what is at stake in 2012. What principles do we as Americans stand for? I guess we will find out next year.