The first thing the pubbies will do is cut spending back to 2008 levels. Nor do I think that Obama will put up much resistance to this as he is on record as saying that in 2011 his number one priority will be toward moving toward a balanced budget.
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Paul Ryan preps for budget battle
Ryan stands to be the most important player in what may be the most consequential budget debate since the government shutdown of 1995. He is perhaps the only Republican in Congress who seems able to negotiate with both John Boehner and Barack Obama, but he still has to prove that his legendary budget expertise can be translated into real action if he’s granted the power of the Budget Committee gavel.

Ryan still thinks he can steer a middle course between the Obama administration on the left and congressional Republicans on the right, including a conservative freshman class that could be a few dozen strong. If Ryan can’t bridge those gaps, all the fiery rhetoric of this campaign season over deficits and spending will go up in smoke on the House floor.

“I believe that we can move the debate in the next few years, including on Social Security,” Ryan promises. “In the next two years, maybe we can get some procedural reforms and a cap on discretionary spending.” Some of those changes may be proposed by Obama’s bipartisan deficit commission, which includes Ryan and is scheduled to report on Dec. 1.

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