Pledge To America

September 23, 2010 by USA Post 

Pledge To America, (Reuters) – Republicans in the House of Representatives, projected to do well in November’s congressional elections, presented a “Pledge to America” campaign schedule Thursday to create jobs, cut taxes and shrink government.

Fueled by the disappointment of voters in the management of President Barack Obama’s high unemployment and budget deficits, Republicans look set to pick up dozens of seats in the House, with a real chance to regain control of the Democrats.

Opinion polls show the Democrats must keep hold of the Senate, but with a weaker majority.

Dressed in open-necked shirts, the House Republican leaders unveiled his manifesto in a hardware store in Sterling, Virginia, near the U.S. capital.

“The Republicans have heard the American people,” said John Boehner, leader of the party in the House. “We’re very serious about implementing our commitment.”

While short on details, the plan provides and $ 100 million in savings per year by reducing federal spending to 2008 levels – with the exception of the troops of the U.S. elderly – And ending government control of mortgage giants Fannie Mae and Freddie Mac

With the announcement Republican, many of which were leaked to the media on Wednesday, the battle lines for the Nov. 2 elections have become clearer.

Republicans, who lost control of Congress in 2006, the goal of cutting projected to 1300 billion deficits with spending cuts immediately. But also require tax cuts that would strip the deficit more difficult.

Democrats are more cautious about spending reductions now, for fear that could hinder the already slow economic recovery.

Under pressure from the conservative movement Tea Party to radically reduce the size and cost of government, Republicans agreed to repeal the landmark Obama still unpopular reform the U.S. health system and eliminate the unused funds and their 814 billion economic stimulus program.

A senior Obama adviser said this week that federal spending back prematurely would jeopardize the recovery of the economy and rattle investors.

“If you try to tighten the belt right now, I think that spook the markets in any substantial way,” said Austan Goolsbee, chairman of the White House Council of Economic Advisers, the Reuters summit in Washington on Wednesday.

The Economic Policy Institute, a liberal-leaning think tank, estimated that the new Republican plan to cut the deficit by 5.5 percent, but getting the gross domestic product to shrink by 1.1 percent, which leads to a loss of 1.1 million jobs.

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