The 'Paygo' Coverup - WSJ.com
All politicians lie, the problem is that Democrats usually get away with it:
Paygo isn't even really a "gimmick" -- it is just a flat out ruse to say one thing and do another. The other cool thing about being a Democrat is that you can "stack your lies".
Note also that none of those things had anything to do with Clinton, other than he signed the budgets. CONGRESS shall appropriate -- then and now, and guess what has been happening to deficits (not to mention the economy) since Pelosi and the Democrats took over in 2006:
Again, the WSJ is being optimistic -- they are assuming that the economy is going to recover and GROW in order to have the huge deficits account for "merely" 4-5% for years to come. That remains to be seen.
All politicians lie, the problem is that Democrats usually get away with it:
The truth is that paygo is the kind of budget gimmick that gives gimmickry a bad name. As Mr. Obama knows but won't tell voters, paygo only applies to new or expanded entitlement programs, not to existing programs such as Medicare, this year growing at a 9.2% annual rate. Nor does paygo apply to discretionary spending, set to hit $1.4 trillion in fiscal 2010, or 40% of the budget.
Paygo isn't even really a "gimmick" -- it is just a flat out ruse to say one thing and do another. The other cool thing about being a Democrat is that you can "stack your lies".
The President also revived the myth that paygo was somehow responsible for eliminating budget deficits during the Clinton years. In fact, that brief era of balanced budgets was due to: mid-decade spending reductions by a GOP Congress elected on a balanced-budget pledge; an excessive cut in defense spending to 3% from 5% of GDP across the decade; and an unsustainable revenue boom due to the dot-com bubble. But harking back to the 1990s lets Mr. Obama avoid having to defend his own spending record.
Note also that none of those things had anything to do with Clinton, other than he signed the budgets. CONGRESS shall appropriate -- then and now, and guess what has been happening to deficits (not to mention the economy) since Pelosi and the Democrats took over in 2006:
That's what Democrats also promised in 2006, with Nancy Pelosi vowing that "the first thing" House Democrats would do if they took Congress was reimpose paygo rules that "Republicans had let lapse." By 2008, Speaker Pelosi had let those rules lapse no fewer than 12 times, to make way for $400 billion in deficit spending. Mr. Obama repeated the paygo pledge during his 2008 campaign, and instead we have witnessed the greatest peacetime spending binge in U.S. history. As a share of GDP, spending will hit an astonishing 28.5% in fiscal 2009, with the deficit hitting 13% and projected to stay at 4% to 5% for years to come.
Again, the WSJ is being optimistic -- they are assuming that the economy is going to recover and GROW in order to have the huge deficits account for "merely" 4-5% for years to come. That remains to be seen.
