The answer is: The pledge is bolder. The Contract with America merely promised to hold votes on popular bills that had been bottled up during decades of Democratic control of the House. The pledge commits Republicans to working toward a broad conservative agenda that, if implemented, would make the federal government significantly smaller, Congress more accountable, and America more prosperous.
The pledge divides its policy commitments into five parts. The first concerns jobs. The Republicans promise to stop tax increases, to require congressional approval of regulations with a large economic impact, and to give small businesses a tax deduction. To our minds, this section of the pledge is the least impressive. The first two policies would merely prevent government from destroying jobs, and the rationale for the third is elusive. (We like small businesses, but other companies generate jobs, too.) Still, these are better economic policies than we are getting from the administration or the current congressional leadership.
The longer-range policies are more compelling. The second section of the pledge promises budget restraint. Domestic discretionary spending would be cut back to “pre-bailout, pre-stimulus” levels, and then its growth would be capped — generating hundreds of billions in savings. The legislative budget, which has grown unjustifiably in recent years, would also be pruned back: Republicans know they cannot cut spending elsewhere if they will not cut spending on themselves. TARP would be ended, as would the federal entanglement with Fannie Mae and Freddie Mac. A federal hiring freeze would be instituted. And Congress would make “a full accounting of Social Security, Medicare, and Medicaid.” If that means putting their long-term unfunded liabilities on budget, it would be an important first step toward reform.
Third comes health care, where the Republicans say they “will immediately take action to repeal” Obamacare. They also plan to work toward their own health-care reforms, including medical-malpractice reform, freedom to buy health insurance across state lines, and better-funded high-risk pools for people with pre-existing conditions. They also promise to enact a law banning federal funding of abortion. That would strengthen the existing Hyde amendment, which applies only to a portion of federal spending and has to be renewed every year. (Here, too, the pledge goes beyond the Contract, which steered clear of all “social issues.”) (Source: NRO)
Go to the source for the rest of the analysis on the plan.
As pointed out it may not be the perfect plan. However it is a far better alternative than the current situation of “shove it down there throats” that has been endured under a Democrat majority in Congress.
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