Hypocrisy and Money Go Hand in Hand

February 13, 2010 at 11:16 (Economy, News, Politics)

Sounds good, doesn’t it? But like Medicare, it’s usually just a bunch of tricks on the books. Accountants, especially government accountants, always find neat tricks to move things around on paper to make things look the way they want. And for democrats this is no big deal really – it just requires them to do one of two things, either of which they would do anyway. Firstly they can use some accounting tricks and obfuscations, which they are good at, or secondly they can just raise taxes, which they are also good at. If worse came to worse they could always eviscerate the military’s budget. when I was in under Clinton we had to cancel a number of training exercises, including practicing with our weapons, because there just wasn’t enough money to buy bullets. Before a scheduled deployment to Bosnia we had to scavenge a brand new vehicle to get enough spare parts to make the old ones work.

Note also that pay as you go legislation is attached to a bill that raises the debt limit. Hypocrisy.

President Barack Obama is hailing pay-as-you-go budget legislation he signed Friday night as one in a series of crucial steps needed to snap Washington out of a destructive pattern of overspending.

“Now, Congress will have to pay for what it spends, just like everybody else,” Obama said in his radio and Internet address released Saturday morning. “After a decade of profligacy, the American people are tired of politicians who talk the talk but don’t walk the walk when it comes to fiscal responsibility. It’s easy to get up in front of the cameras and rant against exploding deficits. What’s hard is actually getting deficits under control. But that’s what we must do.”

Similar budgeting rules were in place by law from 1990 through 2002, when they expired. Obama argued that the absence of the so-called PAYGO requirement made it too easy for President George W. Bush and lawmakers to run up spiraling deficits in recent years.

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