Monday, May 31, 2010
The Paygo Con - WSJ.com
By the way, the election is coming.
You can expect all elected officials to notice you again, and swear to do what is best for you.
Fool you once; shame on them. Fool you again; shame on you!...
You can expect all elected officials to notice you again, and swear to do what is best for you.
Fool you once; shame on them. Fool you again; shame on you!...
Stephen Moore writes in the Wall Street Journal:
"Pay-as-you-go, or paygo, rules require that new entitlement spending and new tax cuts must be paid for dollar-for-dollar with entitlement spending cuts or tax increases. As Paul Ryan, the ranking Republican member of the House Budget Committee has noted, the Democrats under Speaker Nancy Pelosi 'have violated pay-as-you-go rules by nearly $1 trillion' over the past three years.
And they're not done. In the coming weeks, say Congressional Republicans, we should expect some $300 billion of expenditures that Democrats will declare 'emergency spending' and thus do not have to be offset by other spending cuts."
