Diana Furchtgott-Roth: Republicans want a better life for you that Democrats cant stand
With the publication of the House and Senate budget resolutions this week, the contrast between Republicans and Democrats could not be more stark.
Democrats want to take care of you. Republicans want you to get ahead.
It is not just that President Obamas budget, released in February, projects an $687 billion deficit in 2025, up from $486 billion this year, and the Republican budget projects a surplus.Its that Democratic proposals are centered on keeping people safe, and Republican proposals are focused on helping them get better jobs and higher incomes.
Democrats are telling us that they gave us Obamacare for 11 million and food stamps for 47 million. They want to give us paid sick leave and maternity leave.They want to raise the minimum wage.They certainly wont make us retire later or cut our Social Security benefits, even though Social Security is unsustainable.
Bottom line:Democrats are here for us when we are down. They are our safety net. In return for a higher chunk of our paychecks, and higher health insurance premiums, they will look after us.
But Democrats arent telling people how to become better off.And most people aspire to earn more, to get ahead, to buy that McMansion in the suburbs that Democrats call suburban sprawl. In contrast, Democrats say that sprawl is hurting the environment, and we should live in smaller homes and take mass transit.
Why have Fed officials notably lowered their expectation for inflation through 2017? WSJ's Jon Hilsenrath asks Federal Reserve Chair Janet Yellen at a press conference on Wednesday.
Here are six ways that Republicans want to help people to get ahead:
1. Budget deficits: By lowering the growth of spending to 3% annually from 5%, congressional Republicans have proposed to bring the budget into surplus in 2025.
Think of what that means for future generations.They would only have to pay for their own spending, not for the spending of parents and grandparents. Of course, these budget resolutions are going to be derided as cuts that hurt the poor. But government spending is still projected to rise, just at a slower rate than before. Over the next 10 years, interest on the debt would decline by almost $800 billion.
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Diana Furchtgott-Roth: Republicans want a better life for you that Democrats cant stand
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