Saturday, May 22, 2010

Democrats Let Someone Else Pick Up the Check

Surprise, Surprise! I'm here to sign more checks from China or Japan or Oz!!!

PayGo is the amazing concept that the government has to actually pay for the massive entitlements that the spendthrift Democrats have amassed over the past three-plus years since the Dingy Harry/Botox Nancy era began. Stephen Moore rhapsodizes on the careful responsible Democratic plan for the rest of this year:

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. The list includes $60 billion for a military supplemental spending bill; $23 billion for education; and $170 billion for jobless and other welfare benefits. All said, the deficit could climb to $1.7 trillion from the current record high $1.4 trillion. "I really can't think of the last time the Democrats paid for anything they want to spend money on," Mr. Ryan grumbles.

The reality is that paygo is designed to stop tax cuts rather than check spending, which is why Democrats will soon return to singing its praises. Before the end of the year, look for Republicans to push for a continuation of the Bush tax cuts. And look for Democrats to insist they must be paid for.

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