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June 07, 2011
Tim Pawlenty: Hey, How About Some Real Economic GrowthVia James Pethokoukis, Tim Pawlenty is giving an economics speech today. He is live tweeting the speech. He's also has an op-ed out previewing his arguments. America's economy is not even growing at 2 percent and that's what many projections say we can expect for the next decade. That's not acceptable. The other 60% he says should come from spending cuts. The crisis that we face requires immediate action. That's why I have proposed capping and block-granting Medicaid to the states, raising the Social Security retirement age for the next generation and slowing the rate of growth in defense spending. He also calls for passing a balanced budget amendment but doesn't seem to put much stock in it. I think it's a box a lot of conservatives want checked but I don't get why. First, if you could get enough votes to pass it (two-thirds in both houses before it even goes to the states) you'd have more than enough votes to pass an actual balanced budget. More importantly, to me balancing the budget is a secondary issue to the level of spending. You can find a way to balance the budget at current Obama levels of spending but that would be a disaster. I'd rather a smaller, more prudent level of deficit at significantly lower levels of spending. To my mind, the issue isn't simply economics, it's freedom. A less intrusive government tightly boxed into to its proper role should be the real goal. As for the politics, if it comes down to Romney vs. Pawlenty, at this point I'd lean to Pawlenty. Yes, they both have sinned against conservatism but I think both have a real shot at beating Obama. Pawlenty simply has less baggage than Romney. Mitt is going to spend so much time playing defense in the primaries and genaral, I'd rather a guy like Pawlenty who is at least talking the talk at this point have a shot with a cleaner slate. Either way...still a long way to go. | Recent Comments
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