So, republicans win the house, and in two years, maybe the presidency.
Like the dog who caught the car, what do they do with it
now?
Here's the budget obligations we've got:
http://pries.org/wp/wp-content/uploads/2010/01/2009-Federal-Budget-Breakdown_.jpgCut the budget? There's social security, health care and defense. Republicans won't cut defense, so guess where the money is coming from? They'll try and privatize social security, and won't that be popular, particularly when it hits the tea party base where it hurts?
They'll repeal the healthcare laws, but won't actually allow the market to work either (allowing insurance purchase across state lines, allow legal importation of drugs and medical services from abroad), thereby slowly pushing the health care train wreck further down the tracks. It'll free up some money, but not nearly enough.
I'll predict that the republican majority will be short lived. What comes after that, I don't know.