Monday, October 3, 2011

A Modest Proposal

By Leslie S. Lebl

Listening to Herman Cain's 9-9-9 plan has inspired me to propose a winning three-part economic platform which I hereby offer to any Republican presidential candidate.

1. Repeal ObamaCare - assuming the Supremes don't do it first, which would be a wonderful thing. This requires very little effort on the part of the President; all he has to do is say he'll sign any such legislation that arrives at his desk. All the contenders now say that's what they'll do. Getting rid of this legislation will reduce a lot of uncertainty for businesses, which are still grappling with the law's potential effects and weighing whether to offer health benefits to employees.

2. Drill, Baby, Drill! - I'm no expert, but I suspect that opening up new oil and gas fields will probably require legislation in addition to executive orders, since nothing will happen until many of the environmental barriers are reduced to more reasonable levels. Whatever is required, America will benefit from more locally produced energy and the jobs it generates.

3. Fix the mortgage mess - tell the truth about Fannie Mae and Freddie Mac, and then close them down instead of expanding them. We need our housing market back! And the sooner, the better.

With those three initiatives underway, it would be easier to tackle entitlements and debt. Reducing government spending is always going to be painful, but it will be less so if the economy is growing again and tax revenues increase.

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