Comes now the following editorial, from the Weekly Standard no less, cautioning the new GOP majority to go easy on those spending cuts– don’t focus on the deficit and debt!– and instead focus on what I believe boils down to tax cuts.
Query: What is the difference between tax-and-spend, and tax cut-and spend?
I regard this as an early effort to walk back the debt hawkery, lest it threaten tax cuts and increased defense spending. I took particular note of the call to arms to reduce non-defense spending to pre-TARP levels, thus locking in the HUGE increase established by the previous Republican Congress and President Bush.
I therefore think that the new GOP majority will have only slightly more interest than the last GOP majority in deficit and debt reduction– which is to say slightly more than none.