PrintJanuary 3, 2011
Pay/Go, Cut/Go, No Go
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 of Management and Budget to review enacted legislation to determine if president-ordered, automatic, across-the-board spending cuts would be required to bring the federal budget into balance. In fact, the bill contained loopholes through which you could drive a dealer's showroom's worth of unsold federally subsidized Chevy Volts. Pay/Go...(Read Full Article)
