House Republican Plan "Changes the Trajectory of Spending," & More |

The House Republican plan for cutting spending and preventing a national default “is a win for conservatives, for fiscal responsibility, and for the nation,” writes the American Spectator’s Quin Hillyer. That’s because the plan:

  • “Changes the Trajectory of Spending”: “Frankly, the Boehner plan isn’t a 50-50 compromise; it’s a win for conservatives, for fiscal responsibility, and for the nation. It effectively changes the trajectory of spending for the first time since Washington started bingeing again (after three good years) in the fall of 1998. It’s a remarkable achievement when working against the most leftist president in history.” (Embrace Boehner’s Plan, American Spectator, 7/25/11)
  • “Would Keep the Debt Cutting Process Going”: “[T]he Boehner plan is not only far better than the Reid plan, it is a pretty darn good plan in and of itself. ... [Boehner] would keep the debt cutting process going and more likely result in substantive spending cuts of $3 trillion, nearly three times the Reid plan.” (Two cheers for Boehner’s two-step plan, Reuters, 7/26/11)
  • “Is Just What the Moment Calls For”: “As the details of the Boehner bill become clearer, it’s increasingly apparent that the bill is just what the moment calls for: significant cuts achieved through statutory sequestration caps, no tax increase, no backsliding on entitlement reform or implicit acceptance of Obamacare, a path to another process that could lead to more cuts without tax increases, and the setting of a precedent that from now on increases in the debt ceiling must be accompanied by proportional spending cuts.” (Boehner’s Achievement, National Review, 7/26/11)
  • “Will Be a Significant Step Forward”: “On Friday, House Speaker John Boehner had his Reykjavik moment. ... [W]hen Obama made clear he would not budge on the additional revenue, Boehner walked away. ... The plan that Boehner will force Obama to sign will fall short of ‘Cut, Cap and Balance,’ but — provided the cuts are real and deeper than the debt limit increase — it will be a significant step forward nonetheless. And it will set up the 2012 election as a referendum on the way forward on the national debt. That is a fight conservatives can win.” (Boehner’s Reykjavik moment, Washington Post, 7/26/11)
  • “Would Impose … Real Restraint,” “Entitlement Changes”: “The two-step process that Speaker Boehner outlined to his colleagues ... would impose discretionary spending caps for a decade, thus producing real restraint on domestic appropriations. The savings — about $1.2 trillion over ten years — would be accompanied by a substantial and immediate increase in the debt limit. In addition, the Boehner plan would empower a special bipartisan joint committee of House and Senate members to draft further budget-cutting reforms, including entitlement changes. The target would be an additional $1.8 trillion in deficit reduction over ten years.” (Getting to ‘Yes’, National Review, 7/25/11)

As we noted yesterday, the plan outlined by Senator Reid and Senate Democrats is full of budget gimmicks and phantom savings. Commentary says “voodoo” spending cuts are “the backbone of Reid’s reduction plan.”

The Republican plan includes spending cuts that are greater than the increase in the debt limit, real caps and restraints on future spending, and it doesn’t raise taxes on families and job creators. And as Speaker Boehner said today, it provides the best opportunity “to get a Balanced Budget Amendment enacted into the Constitution.”

Learn more about the plan here and read the summary by the House Rules Committee here.