House Democrats Getting Worried About the Deficit


Pay-Go Will Increase the Debt by $3 Trillion, They Say

Of course, worrying about something and doing something about it are two very different things. But do you suppose Peter Orszag would be getting a grilling about the massive loopholes in PayGo if they weren’t worried about losing seats in 2010?

During the House Budget Committee hearing, Rep. Xavier Becerra (D-Calif.) noted the exemptions will cost more than $3 trillion over 10 years. Policies that won’t be subject to pay-go restrictions under Obama’s bill include the extension of middle-class tax cuts enacted during the Bush administration, funds to keep the Alternative Minimum Tax from hitting middle-income Americans and Medicare payments to physicians…

Orszag said items were exempted because neither lawmakers nor the White House have come up with ways to pay for them. Those policies also have broad support from both Democrats and Republicans in Congress.

But Rep. Lloyd Doggett (D-Texas) suggested lawmakers consider letting more of the tax cuts, championed by President George W. Bush, expire, and not just the ones for those Americans making more than $200,000.

“We’re basically pre-judging policy in favor of the Bush tax cuts and against other necessary measures,” Doggett told Orszag…

The Democrats’ commitment to fiscal discipline would be more believable if they didn’t carve out PayGo exemptions anytime it was hard to find a way to ‘pay for’ new spending - as Orszag does. Isn’t the point of PayGo that it (supposedly) forces legislators to suck it up and make difficult decisions about ‘paying for’ new spending? There’s no point to it if you only apply it to things that are easy to cover; it’s the hard ones that explode the deficit.

And it’s nice to see that some things never change. Faced with a deficit blown wide open by Barack Obama, Lloyd Doggett’s first instinct is to raise taxes. Anyone surprised?

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6 Comments Leave a comment

Yeah right

Kayla Saturday, June 27th at 9:14AM EDT (link)

They’re not concerned about the deficit, but their reelection.

 

Yeah right

Kayla Saturday, June 27th at 9:14AM EDT (link)

They’re not concerned about the deficit, but their reelection.

 

And They've Got Plenty of Reason TO Worry-

reaganiterepublicanresistance Saturday, June 27th at 10:54AM EDT (link)

Obama clearly couldn’t deliver the type of temporary, targeted, and timely “stimulus” he repeatedly promised. He completely lacks the the political stature to control Pelosi and Reid… who hit the trough hard, while bickering like siblings.

And the paucity of GOP co-conspirators exposed Obama politically… this legislation now looks to be a huge gamble. When all this pork and welfare fails to generate real economic gains, the Democrats could face a bloodbath in 2010.

One could make the arguement he knows his legacy will already be in tatters by 2010-2012.. and is ramming through as much of his far-left agenda as he can before the day comes when people cringe at the mere mention of his name… sure seems like it.

http://reaganiterepublicanresistance.blogspot.com/

The day (IS HERE) comes when people cringe at the mere mention of his name

izoneguy Saturday, June 27th at 11:53AM EDT (link)

I knew Obama was a fraud from day ZERO. Only drones can support someone as pathetic as Obama.

“When the government fears the people, there is liberty. When the people fear the government, there is tyranny.”
Thomas Jefferson

 
 

PayGo

6eorge Jetson Saturday, June 27th at 10:59AM EDT (link)


      Ummm…Who Threw Stuff Out?

 

Of course the Dems are scared

jeepnpat1 Saturday, June 27th at 11:43AM EDT (link)

That is why they are trying to jam as much through as possible. The National Council of State Legislators (www.ncsl.org) has an intersting power point about the 2008 election. In this powerpoint on page 15 it shows the Fate of the President’s Party in Midterm elections. These statistics go back to 1942. Every one of these elections shows a negative impact save one. Right after 9/11 that is the only positive impact to a President’s party in mid-term elections.

The link is: http://www.ncsl.org/default.aspx?tabid=16507
Then on the right-hand side click on 2008 Legislative Election Slideshow

Another interesting point is that the majority of this information is brought together by the census. With the changes planned for 2010 it will be difficult to determine what may be fact in the future.

 

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