GOP exempts tax cuts from budget-cutting requirement

[Cancel8]

..."Signaling other difficulties the Republicans face, new House Budget Committee Chairman Paul Ryan was asked whether he was scaling back on the $100 billion spending reduction pledge.

“Some of that savings has already been achieved” due to budget battles as the last session of Congress was wrapping up, said Ryan, a Wisconsin Republican.

He rejected suggestions that his party was taking credit for those actions as a way to mitigate the cuts it will seek.

“Believe me, we’re going to cut more $100 billion this calendar year in spending, it’s just not all going to come” from the budget for the 2011 fiscal year, which ends Sept. 30, Ryan said.

In one of their first acts in the majority, House Republican yesterday won approval of weakened anti-deficit budgeting rules that will make it easier for them to approve tax cuts even if they add to the government’s financial shortfall.

The rules exempt most of the tax-cut proposals Republicans are expected to propose from having to be offset with budget savings elsewhere..."

http://www.bloomberg.com/news/2011-...nges-as-they-usher-in-divided-government.html

 

[evince]

the tea party will not say a word to them about it

 

[Cancel8]

..."As we sadly learned with all the sound and fury that attended the Republican Revolution of 1994, the real risk isn't that a tidal wave of right-wing kookery will wash over the land.

The greater likelihood is that the GOP rebels will quickly lose their reformist spirit after a few fizzled confrontations with the bipartisan Beltway establishment and end up governing much like the Democrats they replaced..."



http://spectator.org/archives/2011/01/03/here-comes-trouble

 

[Cancel8]

..."In one of their first votes, Republicans changed anti- deficit rules to allow for tax cuts that aren’t paid for by savings elsewhere in the budget.

New spending would have to be offset with cuts elsewhere, though tax increases to fund new programs would be prohibited..."

http://www.bloomberg.com/news/2011-...r-policies-that-would-raise-u-s-deficits.html

 

[Dixie - In Memoriam]

Speaking as an American who pays taxes, I think it is an insult to my intelligence, and quite arrogant, for Democrats to presume the money they planned to tax me, already belongs to them, and therefore needs to be "paid for" in a budget. No GOP proposal I am aware of, lowers anyone's tax rate. The revenue you are claiming needs to be "paid for" has not yet been collected in new taxes, and won't be. It's like me telling you that, even though you have $50 in your pocket, my seafood dinner hasn't been paid for yet, so, in reality, you're really broke. You can go ahead and just send me whatever is in your wallet, because I need it.... that's the stupidity of your argument here.

 

[Mott the Hoople]

..."Signaling other difficulties the Republicans face, new House Budget Committee Chairman Paul Ryan was asked whether he was scaling back on the $100 billion spending reduction pledge.

“Some of that savings has already been achieved” due to budget battles as the last session of Congress was wrapping up, said Ryan, a Wisconsin Republican.

He rejected suggestions that his party was taking credit for those actions as a way to mitigate the cuts it will seek.

“Believe me, we’re going to cut more $100 billion this calendar year in spending, it’s just not all going to come” from the budget for the 2011 fiscal year, which ends Sept. 30, Ryan said.

In one of their first acts in the majority, House Republican yesterday won approval of weakened anti-deficit budgeting rules that will make it easier for them to approve tax cuts even if they add to the government’s financial shortfall.

The rules exempt most of the tax-cut proposals Republicans are expected to propose from having to be offset with budget savings elsewhere..."

http://www.bloomberg.com/news/2011-...nges-as-they-usher-in-divided-government.html

In other words the irresponsible assholes want to get rid of paygo. Fuck that. I doubt it will get passed the Senate and if by a miracle it should I'm sure Obama will do the right thing and veto it.

 

[Dixie - In Memoriam]

In other words the irresponsible assholes want to get rid of paygo.

Oh, you're talking about that mythical thing Nancy Pelosi was bragging about?

I want to hear more of this "paygo" thingy! I always thought it meant "pay as you go" but we've not paid for anything, we've just gone... off the deep end, to the liberal socialist left.

From the very founding of our country to the day Obama took office, we borrowed $9 trillion... since his first day in office, we've borrowed another $5 trillion. So how have we been paying as we go? Please explain this mystery to me, because it looks like we're not paying, just going, and going... deeper in debt!

 

[PostmodernProphet]

Oh, you're talking about that mythical thing Nancy Pelosi was bragging about?

I want to hear more of this "paygo" thingy! I always thought it meant "pay as you go" but we've not paid for anything, we've just gone... off the deep end, to the liberal socialist left.

From the very founding of our country to the day Obama took office, we borrowed $9 trillion... since his first day in office, we've borrowed another $5 trillion. So how have we been paying as we go? Please explain this mystery to me, because it looks like we're not paying, just going, and going... deeper in debt!

agreed......I find it amusing they have the balls to say the Dems kept paygo, and then complain the Republicans haven't, even though they haven't spent a dime yet.....and remember Mott, what they are talking about is the spending for fiscal year 2011, which started last year......you know, the budget the Dems didn't dare present because it was so big they were afraid they couldn't get elected?