Keyword: paygo

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  • Rand Splits With Rubio, Cruz To Vote For Deficit-Exploding Healthcare Bill

    04/15/2015 9:12:48 AM PDT · by SoConPubbie · 42 replies
    Daily Caller ^ | RACHEL STOLTZFOOS
    Republican Sen. Rand Paul split with senators Ted Cruz and Marco Rubio to vote for a healthcare bill Tuesday night that will add about half a trillion dollars to the national debt over the next several decades.Paul sided with the overwhelming majority of senators and representatives who voted for the bill, in a decision almost certain to come up in the primary race, where he is currently joined by Cruz and Rubio.The “doc-fix” bill solves a recurring problem in the way Medicare payments are made to doctors, extends a children’s health insurance program, and requires higher-income seniors to pay higher...
  • Freeways no longer? Interstates might get more tolls

    04/17/2012 3:47:55 PM PDT · by Oldeconomybuyer · 48 replies
    Kansas City Star ^ | April 17, 2012 | By CURTIS TATE
    WASHINGTON -- The federal interstate highway system is showing its age, and, faced with the cost of repairing all those bumps and cracks, some states want to ask motorists to pay tolls on roads that used to be free. When the interstate system was created in 1956, a federal per-gallon gasoline tax was enacted to provide a stream of revenue for the Highway Trust Fund. The federal government paid 90 percent of the construction costs, with the states making up the rest. That model worked for decades, but no longer. Americans are driving less because of the economy and higher...
  • President Obama hails return to PAYGO (2/13/2010. On this date 2 years ago and more Obama lies)

    02/13/2012 9:41:05 AM PST · by tobyhill · 3 replies
    Politico ^ | 2/13/2010 | By JOSH GERSTEIN
    President Barack Obama is hailing pay-as-you-go budget legislation he signed Friday night as one in a series of crucial steps needed to snap Washington out of a destructive pattern of overspending. Now, Congress will have to pay for what it spends, just like everybody else, Obama said in his radio and Internet address released Saturday morning. After a decade of profligacy, the American people are tired of politicians who talk the talk but dont walk the walk when it comes to fiscal responsibility. Its easy to get up in front of the cameras and rant against exploding deficits. Whats hard...
  • Pelosis PAYGO Ploy (Mini-flashback)

    07/14/2011 5:06:20 AM PDT · by Libloather
    Heritage ^ | 10/14/10 | Robert Bluey
    Pelosis PAYGO Ployby Robert Bluey Published on October 14, 2010 Four years after Democrats campaigned on the promise of using pay-as-you-go budgeting, their record is dismal. Since gaining control of Congress in 2007, theyve gamed, ignored or employed PAYGO on 32 occasions to justify new spending or tax increases. Once hailed as a budgetary tool to stop deficit spending, PAYGO has become a gimmick House Speaker Nancy Pelosi (D.-Calif.) has used repeatedly to provide cover to her liberal allies. Democrats are committed to fiscal responsibility through pay-as-you-go budgets, so that our children and grandchildren are not saddled with mountains of...
  • Pay/Go, Cut/Go, No Go (How Congress Deceives the people with Washington vernacular)

    01/03/2011 7:34:16 AM PST · by SeekAndFind · 3 replies
    American Thinker ^ | 01/03/2010 | Jerry Shenk
    Among the most deceptive measures passed in the 111th Congress was the Statuary Pay-As-You-Go Act of 2010, or, in Washington vernacular, Pay/Go. Democrats passed Pay/Go in February 2010 to convince Americans of their fiscal moderation while plotting to raise taxes and engage in more shameless spending. Though they proposed to bypass Pay/Go within a week of its enactment, congressional Democrats and the White House told us that the bill established pay-as-you-go rules that would require legislation affecting mandatory spending to be "budget-neutral" -- in other words, that it would not increase the deficit. The bill also directed the Office...
  • A great day for Post Offices

    09/27/2010 11:40:53 AM PDT · by smokingfrog · 9 replies
    stltoday ^ | 24 Sept 2010 | Dana Millbank
    Reporters walking into House Majority Leader Steny Hoyer's office Tuesday morning noticed an open supply cabinet with a tape measure on the shelf. It was a strange bit of office equipment. Are Democrats so resigned to defeat that they're expecting Republicans to stop by and take measurements of the majority offices? Democrats still have their largest majority in decades, but they have succumbed to paralysis in the closing days of the legislative session. Congress has yet to pass a budget or a single one of the annual spending bills. Plans to spur the economy with tax cuts await action. Senate...
  • Unemployed and unfunded

    07/22/2010 7:58:13 AM PDT · by SmithL · 17 replies
    San Francisco Chronicle ^ | 7/22/10 | Debra J. Saunders
    President Obama hailed the 60 U.S. senators who voted to extend federal unemployment benefits Tuesday - without paying for the $34 billion tab - for standing on the side of "working families." The measure, which had been blocked by Republicans, would distribute unemployment benefits to some 2.5 million recipients who have been out of work for 26 to 99 weeks. GOP Sens. Susan Collins and Olympia Snowe of Maine voted in favor of the measure. Sen. Ben Nelson, D-Neb., joined the GOP filibuster. The House is expected to pass the measure so that Obama can sign it. No doubt Americans...
  • Obama's Proposed Education Funding & Pay-As-You-Go

    06/20/2010 8:38:54 PM PDT · by Panorama
    The Political Panorama ^ | 06-20-2010 | Troy
    Recently, President Obama has been urging Congress to pass legislation that will provide $50 billion in aid to the states to fill budget gaps related to education/teachers, health care, and emergency personnel such as police and firefighters. Specifically, the legislation includes $23 billion to help prevent teacher layoffs, $25 billion for state health care aid and $2 billion for cops and firefighters.
  • The Paygo Con [Democrats aren't paying for any of their new entitlement spending]

    05/25/2010 4:25:51 AM PDT · by rhema · 6 replies · 340+ views
    Wall Street Journal ^ | 5/22/10 | Stephen Moore
    A day after beating incumbent Arlen Specter in a Pennsylvania Democratic Senate primary contest, Rep. Joe Sestak announced that he would make "enforcement of the pay-as-you-go budget rules" a priority if he wins in November. Good luck to him. 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.
  • Tea Party Express PAC Outlines 2010 Targets

    04/16/2010 1:04:55 AM PDT · by Cindy · 42 replies · 979+ views
    Blogs.ABC - The Note ^ | April 15, 2010 2:09 PM | ABC News Teddy Davis and Matt Loffman report
    SNIPPET: "The leadership of the Tea Party Express PAC came to the National Press Club on Thursday to herald its early successes and to unveil its expanded list of 2010 electoral targets." SNIPPET: "In an effort to show that the Tea Party Express PAC is not a tool of the Republican Party, but instead is an independent political force, Russo announced that the PAC is getting behind one conservative Democrat who has opposed President Obamas agenda: Rep. Walt Minnick (ID-01). The decision to get behind Minnick is attention-grabbing because Republicans have fielded a strong candidate in that race: Iraq war...
  • Pathetic: Democrats to waive PAYGO

    03/09/2010 11:18:25 AM PST · by Frankusa · 3 replies · 110+ views
    At least that's what Erick Erickson of Redstate is alleging: I almost missed this. It happens around 11am. The Senate is going to vote on an amendment from Senator Tom Coburn. From an email friend: The amendment would require the Senate to be honest about its ridiculous spending and post the full cost of all PAYGO violations online for taxpayers to see. The Democrats have drafted a side-by-side amendment, to be voted on tomorrow as well. This vote is meant to give cover for members to vote against the Coburn amendment, and still be for transparency. Their amendment would simply...
  • (Republicans) AWOL in the Bunning Battle

    03/04/2010 5:38:41 AM PST · by reaganaut1 · 17 replies · 646+ views
    National Review ^ | March 4, 2010 | Andrew C. McCarthy
    If Obamacare passes, Obamacare is forever. Just ask Jim Bunning. The Kentucky Republican finally caved in Tuesday after relentless pressure from other senators including Republicans to drop what the Politico called his one man filibuster of a bill to extend expiring unemployment benefits. Technically, it was not a filibuster. It was an objection to a procedure, called unanimous consent, used to speed along uncontroversial legislation. In this case, there ought to have been raging controversy: Bunning was objecting to yet another monthly extension of unemployment payments absent an explanation of how it would be paid for. He was...
  • The Scheme That Democrats Are Using Against Sen. Bunning (R)

    03/02/2010 9:06:02 AM PST · by Laissez-faire capitalist · 21 replies · 873+ views
    3/2/2010 | Laissez-Faire Capitalist
    Quite an ingenious and hypocritical scheme that Democrats are using against Sen. Bunning. A.) First the Democrat-controlled Congress urges that we must have Paygo. Obama even chimes in that Paygo is necessary because Congress and the federal government must live by the same rules that Americans have to live by: pay-as-you-go. B.) Pass Paygo and then sign it into law. C.) Then the Democrats can urge that a bill (like in this case) must be passed and say that it is absolutely necessary to pass this bill - while they don't placing any funding within the bill to actually fund...
  • The senator who dared believe in 'paygo'

    03/02/2010 7:50:45 AM PST · by SmithL · 21 replies · 958+ views
    San Francisco Chronicle ^ | 3/2/10 | Debra J. Saunders
    In January, the Senate joined the House in passing "pay-as-you-go" rules to require Congress to pay for new discretionary spending. On Feb. 12, President Obama signed the bill. "Now Congress will have to pay for what it spends, just like everybody else," Obama crowed. Less than a month later, Obama and fellow Democrats are busily demonizing a lone senator for pushing Washington to spend responsibly. It seems this administration is all for fiscal restraint - as long as you don't mean it. The story began last week when Sen. Jim Bunning, R-Ky., blocked Senate passage of a bill to extend...
  • Why Americans Hate Washington (Bunning exposes PAYGO hypocrisy)

    03/02/2010 5:55:07 AM PST · by reaganaut1 · 21 replies · 1,138+ views
    Jewish World Review ^ | March 2, 2010 | Debra J. Saunders
    In January, the Senate joined the House in passing "pay-as-you-go" rules to require Congress to pay for new discretionary spending. On Feb. 12, President Obama signed the bill. "Now Congress will have to pay for what it spends, just like everybody else," Obama crowed. Less than a month later, Obama and fellow Democrats are busily demonizing a lone senator for pushing Washington to spend responsibly. It seems this administration is all for fiscal restraint as long as you don't mean it. The story began last week when Sen. Jim Bunning, R-Ky., blocked Senate passage of a bill to extend...
  • Lone senator blocks unemployment benefit extensions (Just following the Rats "Paygo" rules)

    02/26/2010 7:31:57 PM PST · by tobyhill · 37 replies · 1,350+ views
    CNN ^ | 2/26/2010 | Ted Barrett
    The Senate adjourned Friday without approving extensions of cash and health insurance benefits for the unemployed after a lone senator blocked swift passage due to his insistence that Congress first pay for the $10 billion package. Retiring Sen. Jim Bunning, R-Kentucky, led a spirited Senate debate with Democrats over the issue -- at one time cursing at another senator on the floor. Bunning said he doesn't oppose extending the programs -- he just doesn't want to add to the deficit. According to two Democratic aides on the Senate floor Thursday night, Bunning muttered "tough s---" as Sen. Jeff Merkley, D-Oregon,...
  • Pay-go gets passed, then it gets bypassed

    02/16/2010 5:57:39 PM PST · by jazusamo · 3 replies · 324+ views
    The Hill ^ | February 16, 2010 | Walter Alarkon
    The ink is barely dry on the pay-as-you-go law, and Democrats are seeking to bypass it to enact parts of their job-creation agenda. Democratic leaders said extensions of unemployment insurance and COBRA healthcare benefits should be emergency spending that isnt subject to the pay-as-you-go statute, which requires new non-discretionary spending to be offset with spending cuts or tax increases. With current extensions of unemployment and COBRA benefits set to expire at the end of the month and the jobless rate still near 10 percent, Democratic lawmakers want to pass the extensions quickly, without having to find offsets for the costs....
  • President Obama hails return to PAYGO (Politico doing satire pieces now too?)

    02/13/2010 10:12:30 AM PST · by NormsRevenge · 18 replies · 508+ views ^ | 2/13/10 | Josh Gerstein
    President Barack Obama is hailing pay-as-you-go budget legislation he signed Friday night as one in a series of crucial steps needed to snap Washington out of a destructive pattern of overspending. Now, Congress will have to pay for what it spends, just like everybody else, Obama said in his radio and Internet address released Saturday morning. After a decade of profligacy, the American people are tired of politicians who talk the talk but dont walk the walk when it comes to fiscal responsibility. Its easy to get up in front of the cameras and rant against exploding deficits. Whats hard...

    02/05/2010 5:25:01 AM PST · by IbJensen · 7 replies · 270+ views
    American Spectator ^ | 02/04/10 | George Neumyer
    Barack Obama's rhetoric about the economy I n recent days has been a blizzard of excuses, euphemisms, denials, and scapegoating attacks. Notice that Democrats are more upset that he is caricaturing Las Vegas than Wall Street. By telling people not to "blow" their money in casinos, Obama is killing business there, they say. But what about demonizing and discrediting bankers and "fat cat" employers? How is that good for business and job seekers who depend upon them? Obama's sophomoric reliance on quasi-Marxist fragments, clichs, and favored villains in the place of real economic thought explain his ill-considered gibes at Nevada...
  • Obama's Budget Seeks $2 Trillion More in Spending and Deficits Than Last Year

    02/01/2010 9:07:15 PM PST · by myknowledge · 13 replies · 698+ views
    The Heritage Foundation ^ | February 1, 2010 | Brian M. Riedl
    Last year, President Obama swept into office on a promise to confront tough choices--and then released a budget proposing the largest debt-and-spending spree in American history. With Washington having committed itself to more government than its taxpayers could realistically afford, basic fiscal responsibility suggests that the President scale back his expensive proposals. Instead, this year's budget is even more fiscally irresponsible. Over the 10 years in which both budgets overlap (FY 2010-2019), this year's budget would spend an additional $1.7 trillion and run up an additional $2 trillion in budget deficits (see Table 1).[1] In fact, this year's proposal shows...
  • Memo from CBO Director Elmendorf to Rep. Hoyer discussing PAYGO Asset seizure plans (FR Exclusive)

    07/23/2009 6:54:40 PM PDT · by bamahead · 32 replies · 2,069+ views
    Congressional Budget Office ^ | July 22, 2009 | Douglas W. Elmendorf - CBO Director
    CONGRESSIONAL BUDGET OFFICE Douglas W. Elmendorf, Director U.S. Congress Washington, DC 20515 July 22, 2009 Honorable Steny M. Hoyer Majority Leader U.S. House of Representatives Washington, DC 20515 Dear Mr. Leader: This letter responds to your request that we review an amendment in the nature of a substitute to H.R. 2920, the Statutory Pay-As-You-Go Act of 2009 (the amendment), provided to CBO on July 21, 2009. On July 14, 2009, CBO provided an analysis of the version of H.R. 2920 that was introduced on June 17, 2009, which would establish new statutory pay-asyou- go (PAYGO) requirements and authorize the Administration...
  • Pay-Go No Fix For Congress' Fiscal Failures

    07/23/2009 6:16:33 PM PDT · by Kaslin · 10 replies · 297+ views
    IBD Editorials ^ | July 23, 2009 | DAVID S. BRODER
    There is less than meets the eye to the Democrats' "pay-go bill," the lavishly touted gesture toward fiscal responsibility that the House passed on Wednesday. The pay-as-you-go measure, known as pay-go and endorsed by President Obama, was hailed by Rep. George Miller of California, the head of the Democratic Policy Committee, as a device that will force Washington to "make tough choices" and "help bring our fiscal house in order." Other sponsors, such as Budget Committee Chairman John Spratt and Majority Leader Steny Hoyer, who genuinely worry about the flood of red ink inundating the government, were more modest in...
  • Obamas Paygo Is Good Rhetoric, Awful Policy

    07/06/2009 2:50:06 PM PDT · by FromLori · 4 replies · 290+ views
    Perhaps in an effort to shore up his budgetary bona fides during a period of reckless spending, President Obama recently announced his goal to put the federal government on a budgetary diet. As Obama put it, under his plan Congress can only spend a dollar if it saves a dollar elsewhere. At first blush, all of this seems reasonable. Irrespective of party affiliation, Americans are upset with Washingtons utter lack of budget discipline, and any rule meant to rein in spending is something we should all endorse. But the problems with this pay-as-you-go budgeting, also known as paygo, are many....
  • Obamas Paygo Plan Means Automatic Tax Hikes

    06/14/2009 5:12:16 AM PDT · by nateriver · 8 replies · 615+ views
    Obama this week submitted a plan for PAYGO to return. Under PAYGO,if entitlement legislation increased the deficit over the next decade, there would be an across-the-board cut in entitlement spending. OH YEAH, SURE!!!!!
  • Fuzzy Math? Obama's Stimulus Numbers Don't Add Up.

    06/14/2009 1:28:45 AM PDT · by Prole · 6 replies · 637+ views
    Stephen Moore, Mary O'Grady and Dan Henninger join Paul Gigot for a group discussion on the Obama "stimulus" package for the United States economy.

    06/11/2009 4:58:48 AM PDT · by Scanian · 36 replies · 2,239+ views
    NY Post ^ | June 11, 2009 | Editorial
    How dumb does President Obama think the American people are? On Tuesday, he and a cross-section of congressional Democrats assembled at the White House to declare an urgent need to restore the "PAYGO" system -- that is, spending rules ostensibly designed to impose some fiscal discipline in Washington. "The 'pay as you go' rule is very simple," said the president. "Congress can only spend a dollar if it saves a dollar elsewhere." Added Obama: "Paying for what you spend is basic common sense. Perhaps that's why, here in Washington, it's been so elusive." Now that's rich. After all, the man...
  • The President's Paygo Schtick

    06/10/2009 5:30:44 PM PDT · by Kaslin · 8 replies · 488+ views
    IBD Editorials ^ | June 10, 2009
    Budget: Putting the federal budget on a "pay as you go" basis sounds fiscally reasonable, responsible even. But it's nothing of the sort. Rather, it's a gimmick intended to raise Americans' taxes to record levels."The 'pay as you go' rule is very simple," President Obama said Tuesday. "Congress can only spend a dollar if it saves a dollar elsewhere. And this principle guides responsible families managing a budget." But this is an inaccurate description of what budgeteers have dubbed "Paygo." If more money is spent, Congress doesn't have to "save" a dollar elsewhere at all it can make up...
  • The 'Paygo' Coverup

    06/10/2009 8:40:15 PM PDT · by St. Louis Conservative · 8 replies · 729+ views
    The Wall Street Journal ^ | June 11, 2009 | Editorial
    Some things in politics you can't make up, such as President Obama's re-re-endorsement Tuesday of "pay-as-you-go" budgeting. Coming after $787 billion in nonstimulating stimulus, a $410 billion omnibus to wrap up fiscal 2009, a $3.5 trillion 2010 budget proposal, sundry bailouts and a 13-figure health-care spending expansion still to come, this latest vow of fiscal chastity is like Donald Trump denouncing self-promotion. Check that. Even The Donald would find this one too much to sell. But Mr. Obama must think the press and public are dumb enough to buy it, because there he was Tuesday re-selling the same "paygo" promises...

    06/10/2009 5:32:58 PM PDT · by TheFreedomPoster · 1 replies · 256+ views
    The Freedom Post ^ | June 10, 2009 | TheCapitalist
    President Obama's "PAYGO" (pay-as-you-go) proposal is nothing but a set up for future higher taxes, and reminds me a lot of my drinking days. I'm a non-practicing alcoholic, but back during those days, after being on a binge, I'd wake up the next morning and think, "Wow, I'm not going to do that again." Then the afternoon urge would come and the cycle would continue.

    06/10/2009 9:50:57 AM PDT · by TheDailyChange · 3 replies · 196+ views
    The Daily Change ^ | 06102009 | TDC
    Obama said: This is a rule I championed in the Senate (referring to pay as you go) and called for time and again on the campaign trail. He went on to say, The pay as you go principle is very simple, Mr. Obama told a group of Congressional Democrats in the East Room of the White House. Congress can only spend a dollar if it saves a dollar elsewhere. TDC comment: Based on prior actions, we are confident that PAYGO will be supplanted by TAYGO as the (Entitlement Program) called Universal Healthcare (which will increase wait times while decreasing quality...
  • President Obama's Pay Go Chutzpah

    06/10/2009 6:23:53 AM PDT · by fiscon1 · 4 replies · 328+ views
    The Provocateur ^ | 06/10/2009 | Mike Volpe
    When I first read this on Politico, I thought it was a joke. A day after announcing the acceleration of federal spending under his economic stimulus plan, President Barack Obama Tuesday called for binding legislation that would force a return to pay-as-you-go budgeting rules. The so-called paygo approach would mean the federal government could not launch new tax cut or entitlement programs without finding a way to pay for them with budget cuts or revenue increases. The president also used his appearance in the White House East Room to tout the administrations success in allowing 10 federally bailed-out banks to...
  • Obama: No, seriously, I meant 'pay as you go', NOT 'pay as I go'

    06/09/2009 11:45:51 PM PDT · by Scott Martin · 9 replies · 383+ views
    Examiner,com ^ | 6-9-09 | Scott Martin
    Earlier I noted that President Obama has come out in favor of "pay as you go" (PAYGO), a nice-sounding policy that gaurantees higher taxes and prevents even the remote possibilty of changes to existing entitlement programs. Now it turns out that Obama expects this legislation to apply only to Congress and the taxpayers, not to the numerous pet-bills and the new healthcare entitlement Obama plans to institute. "President Barack Obama on Tuesday proposed budget rules that would allow Congress to borrow tens of billions of dollars and put the nation deeper in debt to jump-start the administration's emerging health care...
  • Pay As You GO?? The Madness of King Barack

    06/09/2009 2:24:01 PM PDT · by Shellybenoit · 14 replies · 517+ views
    Fortune/The Lid ^ | 6/9/09 | The Lid
    With great bravado and fanfare the President outlined a proposal today that he called "Pay as you Go." The proposal requires any new tax cut or entitlement program be paid for. "The pay-as-you-go rule is very simple," he said. "Congress can only spend a dollar if it saves a dollar elsewhere. Entitlement increases and tax cuts need to be paid for. They are not free, and borrowing to finance them is not a sustainable long-term policy." Talking about closing the barn door after the horses escape. In the first five months of this administration President Obama has tripled the...
  • Obama pitches pay-as-you-go plan for Congress

    06/09/2009 10:08:38 AM PDT · by Lucky9teen · 29 replies · 991+ views ^ | By BEN FELLER
    President Barack Obama is calling for Congress to pay for new increases to federal benefit programs such as health care by raising taxes or coming up with budget cuts a "pay-as-you-go" system that would have the force of law. Obama will announce his proposal at an East Room event on Tuesday. The White House released details in advance. The "PAYGO" plan would require future tax cuts to be financed by tax increases elsewhere in the code, though exceptions are made extending President George W. Bush's 2001 and 2003 tax cuts, as well as other tax cuts that are scheduled...
  • Obama Says Pay as You Go Budget Rules Essential

    04/24/2009 3:11:13 PM PDT · by reaganaut1 · 18 replies · 521+ views
    Wall Street Journal ^ | April 24, 2009 | Greg Hitt
    President Barack Obama formally asked Congress to enact statutory budget controls that would require any new tax cuts or expansion of government benefit programs be fully paid for. In a letter sent Friday to Speaker Nancy Pelosi (D., Calif.), Obama said so-called pay as you go budget rules are essential to regaining long-term control of the budget. He called on Congress to work with me to enact the new rules, saying it is essential to return our nation to fiscal health. The president noted similar budget rules helped limit the expansion of the government and wipe out the budget deficit...
  • Did President Obama Lie About Health Care in His non-SOTU Tuesday Night?

    02/26/2009 3:57:59 PM PST · by BreeLee · 9 replies · 551+ views
    Red State ^ | 02/26/2009 | Jeff Emanuel
    In his non-State of the Union speech Tuesday night, President Obama claimed that health care “is a cost that now causes a bankruptcy in America every 30 seconds,” and that, “in the last eight years, premiums have grown four times faster than wages.” Further, he claimed that “one million more Americans…lost their health insurance” in “each” of the eight years of the Bush administration. Each of these statements is so demonstrably false that the only two conclusions one can reach about their inclusion in Tuesday’s speech are (1) President Obama was willingly lying, and was counting on the American people...
  • WSJ Editorial: Pay-go is Gone

    11/11/2008 8:48:24 AM PST · by St. Louis Conservative · 11 replies · 196+ views
    Newsbusters ^ | November 11, 2008 | Tom Blumer
    Showing once again that its opinion pieces serve a dual purpose as a news source, a Monday Wall Street Journal editorial noted that Democrats have quietly dropped a central plank of their successful 2006 effort to gain a congressional majority (HT Hot Air): Late last week the leader of the House Blue Dog Coalition, Tennessee Democrat Jim Cooper, announced that with Barack Obama about to enter the White House, "I'm not sure the old rules are relevant anymore." Why not? Because, Mr. Cooper said, "It would be unfair to the new President to put him in a budget straitjacket." Democrats...
  • Dems to add billions to Iraq war bill

    03/06/2007 7:35:25 PM PST · by mdittmar · 45 replies · 4,734+ views
    ap ^ | 3/6/07 | ANDREW TAYLOR, Associated Press Writer
    WASHINGTON - House Democrats are pushing to add billions of dollars to President Bush's $93.4 billion request for military operations in Iraq and Afghanistan, including $900 million for troops suffering from brain injuries and post-traumatic stress disorder. An additional $2.5 billion would go to strengthen training and readiness for forces not deployed in war zones, and $1.4 billion would go to address housing allowance shortfalls. At the same time, the Pentagon said Tuesday it needs about $1 billion more to support Bush's decision to send 21,500 additional combat troops to Iraq. It also said it has decided against using the...
  • The New Congress Encourages Automatic Tax Increases to Pay for Unlimited Spending Increases

    01/18/2007 12:16:28 PM PST · by Ernest_at_the_Beach · 5 replies · 207+ views ^ | January 9, 2007 | Carroll Andrew Morse
    The new Democratic-led Congress has passed so-called pay-as-you-go (PAYGO) rules that require new spending or new tax-cut legislation to be approved by a 3/5 majority, if the Federal budget deficit is projected to increase because of it. Pay-as-you-go, however, is a misnomer. The Federal budget will continue to increase on autopilot under the Houses version of PAYGO rules. The trick is hidden in the dense prose of this amendment to House rule XXI7. It shall not be in order to consider a concurrent resolution on the budget, or an amendment thereto, or a conference report thereon that contains reconciliation directives...
  • Tax As You Go (pay-as-you-go)

    01/05/2007 1:40:44 PM PST · by shrinkermd · 3 replies · 564+ views
    Wall Street Journal ^ | 5 January 2007 | staff
    ...."Paygo," as Washington insiders call it, sounds like a fiscally prudent budget practice: If government spends more on program A, it has to spend less money on program B, and thus budget deficits will be restrained. We're all for that. But when Republicans proposed exactly that budget rule in recent years, House Democrats voted it down. ...Ms. Pelosi has something different in mind. Under her paygo plan, new entitlement programs and all new tax cuts would have to be offset by either cutbacks in other entitlement programs or tax increases. This version of paygo is a budget trapdoor, designed not...
  • Cato Experts Comment on Pelosi's "First 100 Hours" Agenda

    01/04/2007 2:09:04 PM PST · by Tolerance Sucks Rocks · 20 replies · 1,838+ views
    Cato Institute ^ | January 3, 2007 | Cato Experts
    100 Hours: Honest Leadership and Open Government John Samples, director of Cato's Center for Representative Government and author of The Fallacy Of Campaign Finance Reform: The ethics part of this agenda evokes a limited sense of dj vu. On their first day in power in 1995, the House Republicans cut House staff, changed budgeting rules, enacted term limits for their leadership, banned proxy voting in committee, opened committee hearings to the public, required a three-fifths vote to increase taxes, started a comprehensive audit of the House, and applied anti-discrimination and workplace safety rules to Congress itself. Later they passed...
  • PAYGO Rejection Could Mean Tax Cut Extensions

    03/16/2006 11:37:01 AM PST · by editor5 · 150+ views
    Beltway Blitz ^ | March 17, 2006 | Editor
    Lost in the news shuffle was the vote against PAYGO. What does it mean? Probable extension of the Bush tax cuts.
  • Greenspan Renews Warning on Budget Deficits

    04/21/2005 8:22:38 AM PDT · by cogitator · 1 replies · 341+ views
    Washington Post ^ | April 21, 2005 | Jeannine Aversa
    Bloated budget deficits pose a danger to the nation's long-term economic health, Federal Reserve Chairman Alan Greenspan warned anew Thursday. He issued a fresh call to policy-makers to move swiftly to get the government's fiscal house in order. ... Greenspan again supported a return to pay-as-you-go budgeting policies that would require Congress to offset future increases in government spending or new tax cuts with reductions in other government programs or tax increases. The Bush administration supports bringing back the pay-as-you-go provision for spending, but not for tax cuts. A decade-long pay-as-you-go provision expired in 2002. ... Democrats mostly blame the...
  • Pay (Through the Nose) As You Go

    10/15/2004 5:59:23 AM PDT · by OESY · 1 replies · 410+ views
    Wall Street Journal ^ | October 15, 2004 | JAGADEESH GOKHALE and KENT SMETTERS
    ...During the debate, Sen. Kerry... said that he would adopt a "pay-as-you-go" approach to ensuring financial solvency to Social Security. President Bush's response, though apt, needs amplification. ...[P]ay-as-you-go is effective when... we are concerned with surging discretionary spending.... defense, roads and highways, judicial services, and homeland security.... Under pay-as-you-go rules discretionary spending can be increased only if Congress is willing to finance it 100% out of other spending cuts and tax increases. The political undesirability of both financing methods serves to check both higher deficits and growth in the size of the government. On the other hand, the pay-as-you-go approach...
  • Uncontrolled spending spree

    05/02/2004 1:29:04 AM PDT · by Prince Charles · 19 replies · 288+ views
    Washington Times ^ | 5-2-2004 | Brian Riedl
    <p>Does America have a $477 billion budget deficit because Washington spends too much? Or because it taxes us too little?</p> <p>Before you answer, consider the following two facts: First, federal spending recently topped $20,000 per household for the first time since World War II and will expand another $1,370 this year. Second, the federal government cannot account for $24.5 billion it spent last year.</p>
  • Wamps Bad Vote

    04/03/2004 7:12:26 PM PST · by neverdem · 4 replies · 148+ views
    NRO ^ | April 2, 2004 | NRO Staff
    Dont count on the Tennessee Republican when the chips are down. Representative Zach Wamp apparently has a short memory. He was elected to Congress in 1994, and has already forgotten why he came to Washington. Back then Wamp ran as a conservative, with some silly populist ideas like paying members of Congress the same as a lieutenant colonel and making them live in officer housing, according to The Almanac of American Politics. Now, Wamp has grown in office and instead advocates silly establishment ideas, like instituting new "paygo" rules that would make it almost impossible to extend the Bush tax...