I can hardly wait. Any time now the economy is going to take off like a rocket!
Former VP Candidate Paul Ryan is on record saying the holy grail for conservatives is sequestering government spending, that is putting mandatory caps on government spending. For example, if a natural disaster occurs and money is needed to remediate the damage, if we spend over our limit, automatic cuts bring us back into line.
Well, the conservatives have gotten what they have wanted for these many years (courtesy of President Obama who is famous for embracing conservative ideas—see “cap and trade,” “Obamacare,” “Chained CPI,” etc.).
And since government spending is really being cut (finally!), the economy will now burst forth like the flowers of Spring. No more “uncertainty,” no sir. The job creators are now unleashed!
But then, I hope this doesn’t turn out like the Stimulus Bill. The GOP insisted that the only way to stimulate the economy was through tax cuts (contrary to what 98% of economists believe) and forced the administration to include over $300 billion dollars of tax cuts as part of the $842 billion Stimulus Bill (instead of the infrastructure spending that was being suggested, etc.). But the GOP said that “not one job was created” by that effort, so I guess they were wrong about tax cuts stimulating the economy.
But, this time, this time, they are right! Aren’t they? Stand back, stand back, we don’t know how big this economy is going to get. I can hardly wait!