Government Spending

"Pay-Go" Goes

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A DC Examiner editorial on how the Dems are already wiggling out of their "pay-go" reform. (No big surprise, of course.) An excerpt:

Congressional Democrats are employing another Washington spending fiction to mask more spending increases in their proposed $2.9 trillion federal budget for fiscal 2008. It's called the "Reserve Fund" and it makes possible a $50 billion hike in spending on health insurance for low-income children.

Under their "Pay-Go" rules, congressional Democrats promised not to raise spending unless there was specific federal revenue available to pay for it. The Reserve Fund is their way of guaranteeing a funding increase when — wink, wink — at a later date they will have found the needed revenues. Call it the "Spend Now, Maybe Pay Later" approach to federal budgeting.

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  1. Just checking in on that liberaltarian alliance. Everybody still happy with it?

  2. I for one am shocked, SHOCKED, to hear that the Democrats are going to increase spending.

    Next you’ll tell me they’re going to raise taxes.

  3. The Reserve Fund is their way of guaranteeing a funding increase when – wink, wink – at a later date they will have found the needed revenues.

    I’m confused. Unless that justification is a bald-faced lie (which I wouldn’t put past Congress), doesn’t that still say that the money isn’t spent until revenue is found? It sounds like a way to say they passed extra health insurance for kids without having to spend the money.

  4. Democrats, they really are pieces of shit. There is no other way to put it. They make mafia members and terrorists look good, seriously. You can trust them.

    We need a second revolution and/or civil war.
    And in it, fact, we have to be ruthless which means excuting, liquidating every democrat. Its that simple.
    The Libertarian militia should lead the way too.

  5. Breaking news.

    This just in from Washington: Politicians are lying hypocrites.

    You may now resume your regularly scheduled lives.

  6. Dog Bites Man. Edwards purchases $400 haircut.

  7. Just checking in on that liberaltarian alliance. Everybody still happy with it?

    RC: There was no alliance. The proposed alliance was something cooked up by Democrats before the election to try to garner a few extra non-party votes.

  8. On the bright side: At least the Democrats are making a decent effort to lie to us. The Republicans seem to have completely lost the ability to tell a decent lie and they often don’t even seem to try. We, the taxpayers, tend to appreciate the lackluster reach-around of a decent lie when we’re getting a good rogering.

  9. And in it, fact, we have to be ruthless which means excuting, liquidating every democrat. Its that simple.
    The Libertarian militia should lead the way too.

    Ummm huuuuh…..well….how about…..

    FUCK NO RETARD

  10. joe, don’t take this the wrong way…you know I love ya…but a while back, didn’t you bet your ’08 Presidential vote based on the Dems adherence to pay-go?

  11. Go get ’em Terry! I’ll send you an AK and some body armor.

    Go on now…I promise…we’re riiiight behind you…

  12. joshua corning wrote “FUCK NO RETARD”, great response dick.
    Now lets hear about your solution to stopping the feds from violating their oaths and the US constitution?
    Well, short of revolution what is going to stop them?
    Nothing schmuck.
    BTW I am in Hollywood, California, where are you retard?

  13. I’ve always suspected that Terry was a some FBI or ATF sponsored fly-paper designed to attract potential violent opponents to the state out into the open.

    No more.

  14. So this was an unsigned editorial in something called the “DC Examiner,” that doesn’t contain to link to any language from the bill, or the rules about this “Reserve Fund” thingie.

    Let’s put this in the “maybe” pile, and hold off on the Demo-cide (a favorite word of the Terrys of the world, as I recall) until we’ve got something reliable to go on.

    Cab,

    No, my support for voting Democrat last November did not rest solely, or even mainly, on the “Pay-Go” rules. Though I can’t say with absolute certainty, I probably would have voted Democrat anyway.

  15. *puts a sturdy mirror against a wall and lets Terry violently bite at it as he wanders off…*

  16. Tarran, I am not an FBI or ATF or any law enforcement offical, federal, state, local or military, nada, none.
    I am just a financial analyst at a major media company.
    If your ever in Hollywood, I can prove it to you at the Frolic room.
    Eric the .5b, what is your solution witless?

  17. “*puts a sturdy mirror against a wall and lets Terry violently bite at it as he wanders off…*”

    holy shit. Perfect! Hilarious! OMG!

    One of the freakin’ funniest things all day! wow!

    hilarious.

    Great way to knock off and start the weekend in style!

  18. “Well, short of revolution what is going to stop them?”

    Your mom.

  19. “If your ever in Hollywood, I can prove it to you at the Frolic room.”

    Frolic Room? Is that one of those places with the soft, padded walls?

    Y’know, to keep you from hurting yourself?

  20. “FUCK NO RETARD”

    terrytard

  21. joe, I don’t know if you are still around this late.. anyway, I was talking about a bet we were trying to hammer out after the election a few months back – here –

    https://www.reason.com/blog/show/117208.html#609844

  22. Cab,

    We never actually got around to settling on a bet on that thread.

    Anyway, they did adopt pay-go rules, so you got nothing on me. Nuthin!

    As far as this “Reserve Account” business, we’ll see what happens. I always thought those were things you started when you put someting in to it, rather than when you made a withdrawal, so we’ll have to keep an eye on this.

  23. Terri/Terry,

    If you wish to *increase* the power of the government, then by all means wage a terrorist campaign which will prompt said government to increase its authority. Most people (myself included) would be inclined to support even President Hillary Clinton against domestic terrorist threats from such as yourself.

    Fortunately for the republic, you probably not a true threat to the government – you’re just a terrorist in what you are pleased to call your mind.

    joe,

    You’re rigt, I’m sure the Democrats would never try to engage in deficit spending or smoke-and-mirror accounting.

  24. Mad Max, you are a shithead.
    I am not talking terrorism, I am talking about defending our rights. I guess you expect the federal government to protect your rights at the same time its violating them. You dipshit.
    Thomas Jefferson said,
    “The tree of liberty must be fertalized time to time by the blood of tyrants and patroits.”
    You don’t understand that do Mad Schmuck.

  25. Mad Max,

    I’m just hoping for “less.”

    Less would be nice. Shrink it back to Reagan-era levels of deficit spending and smoke and mirrors accounting.

    That would be a serious step in the right direction.

  26. Paging David Weigel… Paging David Weigel…

  27. Breaking news update

    Congress, Republicans and Democrats, love to spend like John Edwards at a barber shop.

  28. Terry, by the FBI definition, any violence such as spilling the blood of tyrants and patriots to affect a government is an act of terrorism, regardless if you agree or not. Look it up if you don’t believe me. I’m sure the founding fathers are, at the very least scratching their heads on that one.

    Max is correct in that if one were to take Jefferson up on that passage government would expand.

  29. Joe’s old post as per Cab’s link,
    “””Let’s set benchmarks: if the Democrats do X, Y, and Z, you all will vote for Hillary/Feingold in 2008. If they do not, I’ll vote for McCain/Brownback.”””

    I guess the only thing Cab has on you is that your voting for McCain. 🙂

  30. Terry,

    I know you are, but what am I?

  31. what a reasonable webmagazine, sullied by the comments of the slackjawed and drooling masses.

    since, clearly nobody RTFA:

    “Today’s congressional Democrats aren’t unique in using a sleight of hand like the Reserve Fund to mask the fact they are spending more of our hard-earned tax dollars on another of their favored special interests.

    When the Republicans were in the majority, they used fictions like counting projected budget savings in future years to make this year’s budget appear to be balanced or at least getting closer to being balanced.

    The problem is that like all lies, Washington’s spending fictions are meant to obscure the truth about irresponsible budgets, bureaucratic waste, fraud and rampant conflicts of interest.”

    so an army of ‘libertarians’ mowing down democrats left and right isn’t really going to solve much of anything, now is it? i mean, libertarianism is a fine philosophy as far as it goes, but too often it seems it’s just a way to criticize whoever happens to be in power without having to answer for the fact that the alternative is worse.

  32. “i mean, libertarianism is a fine philosophy as far as it goes, but too often it seems it’s just a way to criticize whoever happens to be in power without having to answer for the fact that the alternative is worse.”

    Which alternative is worse? Democrats who spend like drunken Edwards on shore leave in a beauty salon, or Democrats Lite who spend a bit less recklessly but wage pre-emptive wars and shred the Bill of Rights? Yeah, libertarians must be awful people for taking swipes at both parties and wanting a third choice.

  33. Uh, maybe I’m seeing this wrong, and it would be a step backwards to not have pay as you go, but even “spend now, maybe pay later” has got to be better than “spend wildly now with no regards to the ability to pay later and then claim we are the fiscally responsible party” that has been going on. So what’s with the suggestions of “We need a second revolution and/or civil war. And in it, fact, we have to be ruthless which means excuting, liquidating every democrat. Its that simple.”?

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