In the Washington Post, columnist David Broder shows why the recent move to reinstate Pay-As-You-Go budget controls has been built to fail:
It could do just the opposite. The bill says that at the end of the year, if Congress has spent more on new entitlements or tax cuts than it has saved, the president can roll back or sequester the excess. But the Congressional Budget Office, the official scorekeeper, warned in a July 14 memo that, as introduced, the bill might allow spending to increase -- and by a staggering amount.
"In effect," it said, "that rule would allow the Congress to enact legislation that would increase deficits by an amount in the vicinity of $3 trillion over the 2010-2019 period without triggering a sequestration." (more)
No comments:
Post a Comment