Tag Archives: Fiscal Conservatism

When all else failed, Republicans will try conservative ideas

Jennifer Rubin over at Pajamas Media writes that the GOP has had enough with the Democrats’ big-spending socialist agenda, and they are ready to try something completely different: small government conservatism. Instead of just being the party of “NO”, the GOP intends to market a series of common sense conservative policies directly to Americans.

Rubin writes:

Minority Leader John Boehner has a new video out listing a number of Republican themes and promising a Republican alternative budget from reformer Rep. Paul Ryan. The themes are simple: lower taxes, restrain the growth of government, a market-based health care plan, domestic energy development, and ending bailout mania. Boehner’s video does not have many details, but its core message is clear: Republicans are tired of being the punching bag for an administration that wishes to paint itself as the only source of ideas capable of solving the country’s problems.

But I didn’t like John Boehner’s video as much as this one from Rep. Paul Ryan:

He can make the case in the House of Representatives:

And look, he can take on the leftist news media, too:

Fun! Rubin continues with some links to wonderful policy ideas:

Truth be told, for months, Republicans inside and outside of government have been throwing out ideas on how to revive the economy.  Americans for Tax Reform has ten ideas to help small business. Newt Gingrich has twelve ideas to promote job growth and recovery. And budget draftsman Paul Ryan has had “A Road Map for America’s Future” for some time. But the mainstream media is uninterested in reading through all of this, much of the conservative blogosphere is too invested in carping about the shortcomings of elected leaders and in fighting among themselves, and the president, of course, has made a habit of disparaging his opposition’s lack of creative ideas.

the task here is to capture the public’s dissatisfaction with the Democrats’ bailout and pork-laden approach to governance and remind voters that Republicans in fact do have ideas — ones that favor lower taxes and less spending.

As soon as I read this, I rushed over to the Cato Institute to see their take on Ryan’s plan, and I found an article by Michael D. Tanner.

He likes Ryan’s plan:

Health Care: Ryan would reform our employment-based insurance system by replacing the current tax exclusion for employer-provided insurance with a refundable tax credit of $2,500 for individuals, and $5,000 for families. This would encourage employers to take the money they currently spend providing health insurance and give it directly to workers, who could then use it to purchase competitive, personally owned insurance plans. That would be insurance that met their needs, not those of their bosses, and people wouldn’t lose it if they lost their jobs.

Ryan would also allow workers to shop for insurance across state lines. That would mean residents of states like New Jersey and New York, where regulation has made insurance too expensive for many people, could buy their insurance in states where it cost less. And increased competition would help bring insurance costs down for all of us.

Since I am a clean-living, never-married single guy, this would basically add a bunch of money to my take home pay. More money for donations to Reasonable Faith and the Discovery Institute! So far so good!

Tanner continues:

Social Security: Like Medicare, Social Security is hurtling toward insolvency. Rep. Ryan would preserve the program unchanged for current recipients and workers older than age 55, but he would allow younger workers to invest part of their Social Security taxes privately through personal accounts. Unlike the present system, workers would own the funds in their accounts, and when they died, they could pass any remaining funds on to their heirs.

Taxes: Rep. Ryan would radically simplify today’s hopelessly complex, cumbersome and bureaucratic tax code. He would give filers a choice: They could pay their taxes under existing law, or they could choose a new simplified code, with just two tax rates (10 percent on the first $100,000 for joint filers; $50,000 for individuals, and 25 percent above that).

Human Events has some more details on the tax policy:

The tax reform aspect of the bill is appealing, offering a simplified tax system that has only two rates and eliminates the alternative minimum tax (AMT) and the death tax. The bill also abolishes taxes on interest, capital gains and dividends among other aggressive tactics that will make a noticeable, long term change.

And this interesting quotation from Ryan:

“Our fate is not inevitable…we can change it,” he said. “I want to be the Paul Revere of fiscal policy in this country.”

Now, that two-tier tax plan was one of the reasons why I preferred for Fred Thompson in the primaries… but the rest of my party wanted style, instead of substance. You blithering toadies! Who cares how warm his belly is? He opposes taxes and abortion, you hamster-brains! Oh, well. There’s always 2012, where we can try to run Mark Sanford, Bobby Jindal or maybe even Michele Bachmann!

For more on Ryan’s plan, here is an article in the Wall Street Journaltat he wrote. (H/T Western Standard Shotgun Blog)

Mark Sanford and Bobby Jindal refuse bailout funds

Governor Mark Sanford
Governor Mark Sanford

I noticed some posts at the Maritime Sentry about Governor Mark Sanford. If Bobby Jindal can’t save us in 2012, then Mark Sanford is my second choice. Everybody knows that Jindal is turning down bailout funds. Here is Bobby Jindal on the Hugh Hewitt show explaining why he is refusing the bailout funds, on how he intends to deal with the economic downturn in his state budget. Dynamite!

But Maritime Sentry has the story on Mark Sanford’s refusal to take bailout funds. Here, they link to this Forbes article, entitled “Why Mark Sanford Matters: Small-government conservatives have found their champion.”

Here is an excerpt from the article:

Sanford’s opposition to President Obama’s American Recovery and Reinvestment Act, and in particular his insistence on using up to a fourth of his state’s stimulus funds to pay down debt or refusing it outright, has fast made him a folk hero to conservatives.

I am a little concerned by his opposition to the Iraq war, because I feel that it was a successful action against terrorism with strategic gains that far outweighed the costs. I approve of his small government stand, though. The National Taxpayer’s Union also approves:

The 362,000-member National Taxpayers Union (NTU) has applauded South Carolina Gov. Mark Sanford (R) and Texas Gov. Rick Perry (R) for their decisions this week to refuse part of the federal stimulus package earmarked for their respective states. Sanford will accept $700 million only if the President allows him to use it to pay down debts rather than create new spending obligations. Perry has refused outright $555 million for expansion of state unemployment benefits.

Maritime Sentry also links to this 5-minute video, in which Sanford explains why he is turning down the bailout money. He doesn’t want Obama to be able to impose taxes on his state later, if he takes the bailout money today.

The Democrats doesn’t like federalism much. The DNC is even running ads in South Carolina against Sanford for refusing to take the money, and the attached strings. I found a statement about these DNC ads over at his blog. Jindal is also taking heat from unions and other economically-illiterate left-wing groups in his state.

UPDATE 1: Here is the transcript of Bobby Jindal’s interview on the Hugh Hewitt show. (H/T Binky @ Free Canuckistan!)

UPDATE 2: Here is the first part of an interview with Mark Sanford conducted by the Acton Institute, which specializes in free market capitalism and its relationship to religious liberty. (H/T Binky @ Free Canuckistan!)

Michele Bachmann and Marsha Blackburn defend free market capitalism

Representative Michele Bachmann
Representative Michele Bachmann

UPDATE: For all the people that are searching for Michele Bachmann, this blog is FILLED with stories on Michele Bachmann!!!  Here is a good summary of some of her best material. Here’s her latest video.

More recent posts

Here are my recent posts on Michele Bachmann:

Videos of Michele and Marsha defending capitalism

Here’s Michele Bachmann, on the floor of Congress, explaining economics and defending free market capitalism. She touches on many important topics: intentions versus incentives, learning from past economic failures, American exceptionalism, economic growth, private ownership of property, the rule of law, private contracts, tax law, the law of unintended consequences and the “forgotten man”.

Well, if we’re going down as a nation, it won’t be because no one understood what was happening. Michele knows – because she is a trained tax lawyer and she understands economics and business – she and her husband Markus own a small business. They have 5 children and 23 foster children, so they know enough not to saddle the next generation of Americans with debt. Life experience matters.

And then there is another “M.B.” in the house, Marsha Blackburn.

Representative Marsha Blackburn
Representative Marsha Blackburn

Marsha Blackburn also voted against porkulus 1 and porkulus 2, and the cramdown bill:

Congressman Marsha Blackburn (TN-7) today voted against passage of H.R. 1106, a housing bill that will allow bankruptcy judges to “cramdown” the principle on a mortgage, change the interest rate, or extend the life of the loan. The consequence of this legislation for new homebuyers and homeowners who have lived within their means is dire. As banks attempt to absorb the cost of crammed down mortgages, they will be forced to raise fees, increase down payment requirements, and increase interest rates for potential home buyers.

“This is yet another bailout for bad actors. It rewards those that gamed the system or knowingly lived beyond their means at the expense of responsible taxpayers. I would have been more comfortable with a bill that helped those who legitimately fell on hard times and excluded unscrupulous borrowers and lenders.” Blackburn said.

“Some of my colleagues claim that this program is cost-free. It isn’t. Struggling banks, who are at the core of our economic problems, will be forced to rebuild their bottom line somehow in order to remain solvent. That cost will be paid for by the first time home buyer who will now have a much harder time getting a mortgage as banks insure themselves against risky loans. It will be paid for by responsible home owners who will watch their bank fees increase as bankruptcy judges cram down home values in their neighborhood.”

Congressman Blackburn supported proposed Republican changes to the bill that would have prohibited taxpayer assistance to any borrower that misrepresented or lied about their income on a mortgage or to any lender that failed to follow proper underwriting standards.

Mary Fallin and Sue Myrick, two of my other favorite representatives, also voted against all 3 of these socialist bills. Not only are these 4 representatives fiscal conservatives, but they are also pro-life.

You might remember that Sue was the one who wanted to revoke Jimmy Carter’s passport when he met with Hamas.

UPDATE: More Michele Bachmann here and here. She is also Mrs November in a new 2010 calendar. A full list of all of my many posts on Michele Bachmann is here.