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    Reality Check: Repeal of Obamacare Would Not Increase the Deficit

    As the new Congress settles in, the House of Representatives prepares to vote on January 12 on a measure to repeal Obamacare. Proponents of the health care law claim that repeal would increase the federal deficit and that a vote to kill Obamacare without offsetting the “cost” is hypocritical. This … More

    Pelosi's PAYGO Ploy: Budgetary Gimmick Provides Cover for Liberals

    Four years after Democrats campaigned on the promise of using pay-as-you-go budgeting, their record is dismal. Since gaining control of Congress in 2007, they’ve gamed, ignored or employed PAYGO on 32 occasions to justify new spending or tax increases. Once hailed as a budgetary tool to stop deficit spending, PAYGO … More

    Max Baucus Clears One Hurdle on Dividends Tax Rate—Where’s Harry?

    For the second time in a week, Senate Finance Committee Chairman Max Baucus (D–MT) has called for the suspension of pay-as-you-go (PAYGO) budget rules to pass necessary and vital tax policies. First, Baucus suggested waiving PAYGO as it pertains to the death tax. Now he’s calling for the Senate to … More

    Hoyer Makes, and Misses, His Mark

    Over the past weekend Steny Hoyer (D-MD), the House Majority Leader, gave one of the most expansive and surprising speeches of the year.  State-of-the-Unionesque in scope and partisan tone it nevertheless laid out some interesting ideas for debate. On one top tier issue Mr. Hoyer hit the nail on the … More

    Morning Bell: This Congress Has No Shame

    On February 4, 2010, pushing for passage of her pay-as-you-go (PAYGO) legislation, House Speaker Nancy Pelosi (D-CA) said on the House floor: “When I became Speaker of the House, the very first day we passed legislation that made PAYGO the rule of the House. Today we will make it the … More

    SAFE Act Would Cap Growth of Government

    Over the past decade, federal spending has leaped 62 percent faster than inflation, to more than $30,000 per household. Not content with this expansion of government, President Obama’s budget would push inflation-adjusted spending to nearly $37,000 per household by the end of this decade. This would create sustained trillion-dollar budget … More

    Senator Jim Bunning – “I Object”

    Liberals are up in arms because Sen. Jim Bunning (R-KY) is blocking a bill that would extend unemployment benefits, extend health insurance subsidies (COBRA), extend highway funding, increase Medicare reimbursement rates for physicians (Doc Fix), extend a temporary “flood insurance” program and continue aid for small business programs. The bill, … More

    One Week After Passing, Congress Set to Break PAYGO

    Just last week Congress revived PAYGO legislation which is supposed to force legislators to offset any new spending with spending cuts elsewhere in the budget. While this won’t come as a shock to most Foundry readers, The Hill reports that “the ink is barely dry on the pay-as-you-go law, and … More

    The House and Senate Cloakrooms: Jan. 19 - 24

    Senate Cloakroom: Analysis: The Senate returns this week after a three-week absence. In the wake of passing an unpopular health care bill, the Senators must now contend with another unpopular issue – increasing the nation’s debt limit by nearly $1 trillion. The debate, which is expected to last into next … More

    Why Believe New Promise When Congress Breaks Old Promise?

    Congress wants America to believe its new promises to control spending even as it reneges on its old promises and spends more than ever. The “new” promise within health care reform bills is to reduce Medicare spending by hundreds of billions of dollars. Yet simultaneously, Congress is reversing 1997 legislation … More