Tuesday, June 20, 2006
Balanced budget?
Unwilling to submit to the fiscal discipline of pay-go, House Republicans are instead hashing out a line-item veto that would give President Bush the ability to delete specific items from budget bills. In the Senate, Judd Gregg, chairman of the Budget Committee, has proposed a kitchen sink of moldy ideas from the bad old days of budget deficits in the 1980's and early 1990's — none of which have ever shown much promise as a means of thwarting big budget deficits.
It's all a pathetic attempt to look tough while avoiding the tried-and-true — and truly tough — deficit fix: reinstating the original pay-as-you-go rules.
