Meet "Cutgo"...the Republican MASTER PLAN to "shrink government" while racking up deficits

[Amerigo Vespucci]

October 28, 2010 07:00 AM
The Republicans Hatch Nefarious New Plan To Shrink Government, Cut Taxes And Still Expand The Deficit!

By Susie Madrak

http://crooksandliars.com/susie-madrak/republicans-hatch-nefarious-new-plan-



Jonathan Chait with some disturbing news about how the Republicans plan to further shrink government:

The Republicans have a new plan to make it easier to rack up deficits:

Aside from these symbolic changes, Boehner says he will replace the Democrats’ “Paygo” scheme, which once ensured that every program was paid for prior to passage, with “Cutgo,” which would require Congress to cut spending for a program of equal or greater value before approving a new program.

Let me explain what this is all about. "Paygo" was a reform imposed by the 1990 budget agreement that required Congress to offset the cost of any new entitlement program or tax cuts with entitlement cuts or tax hikes. It was a significant factor in the decline of the deficit through the 1990s. Republicans hated it because it required them to offset the cost of tax cuts with either spending cuts or increases in other taxes, thereby making the trade-offs of tax cuts explicit. When they took control of Congress in 2001, Republicans ended the Paygo rule, which allowed them to pass a series of tax cuts along with a Medicare prescription drug benefit without any offsetting measures. The structural deficit exploded.

[MrScorpio]

1. So, they plan to bankrupt the Government?

That's evil,

[Brewman_Jax]

2. Of course

the repubs have always hated big government that works for the people, not big business.

[glitch]

3. They only want to shrink social services, they want to expand the police and military state

to protect their ponzi schemes and speculative bubble bail outs. Also, to look the other way when their crimes are inadvertantly exposed.

It's just their racket, nothing to get all het up about.