Review:The First 270 Days2005-10-21 00:00:00
It’s been roughly 270 days since George W. Bush and Congress began their latest terms in office.
Regarding domestic legislative reforms, here are some of the things your federal gumbmint has accomplished over that period:
1) Pro-gun liability reforms were passed and signed into law.
2) They passed a budget for the current fiscal year in which: (i) the growth rate for Medi-caid spending was cut, (ii) the growth rates for various other federal spending programs (including farm subsidies, pension welfare, and tuition grants) were cut or completely frozen, and (iii) further small-business tax breaks were granted.
3) The CAFTA free-trade statute was passed and signed into law.
4) The first slate of what eventually will be a series of immigration and border control reforms – Real ID Act, asylum reforms, and stepped-up funding for our border control operations – were passed and signed into law.
5) Comprehensive class action lawsuit reforms were passed and signed into law.
6) Comprehensive bankruptcy reforms were passed and signed into law.
7) Comprehensive energy policy reforms – including massive expansions of our nuclear and natural gas capabilities – were passed and signed into law. And at a total cost in public dollars of roughly 0.76% of real GDP. And that’s not even adjusted for increased revenue from net gains in employment (e.g., infrastructure construction, transportation, etc.).
There is, of course, more than one full *year* remaining in this Congress. And over three full *years* remaining in this presidency.
Next up on the legislative agenda (in no particular order):
Further tort/lawsuit reforms – asbestos reform, junk obesity lawsuit reforms (which already have passed the U.S. House), medical malpractice reform.
Further tax cuts (AMT; estate tax; standard income tax).
Further border control measures.
And the initial dialogues for what likely will be a 15 to 20-year process substantially to reform what once was known as the “third rail of American politics.” As in: “Touch it and you’re dead!”
Now, for a different perspective on the past nine months, here’s a nice example of B.D.S. in action from Pravda-USA Today.-- Jayson