5-point plan to address the downgrade

Gay Patriot has a pretty good plan for addressing America’s credit downgrade; a plan that gets us moving back in the right direction. His steps are:

1. Using the FY 2007 budget as a baseline, with adjustments for inflation and population increase, redraft the FY 2012 budget.  Task House Budget Committee Chairman Paul Ryan to set up a committee to find more cuts.
2. Set up a commission composed of businessman and scholars from the Cato Institute to identify those federal regulations which stifle innovation, exploration and growth.  As soon as their report is complete, task the various agency heads to rescind those regulations.  Reduce the staffs of the agencies responsible for enforcing said regulations.
3. Immediate across the board salary cuts for all federal employees (save active duty military).
4. Repeal Congressional Budget Act of 1974.
5. Simplify the tax code along the lines of the 1986 Tax Reform Act.

That’s a good start. But doesn’t do enough. You still have to repeal Obamacare and Dodd-Frank, too. And a lot more.

If only Obama had a plan. Anything other than “I will raise taxes.”