The Hill News

On day one of this new Congress, the House Republicans first step is backwards. While professing great concern about spending and debt, they abandon pay-as-you-go budgeting, returning to the Bush-Cheney approach -- endless borrowing. They claimed so much wasteful spending could be eliminated, but reject the very rule that required them to cut spending as one way to offset the revenue loss from each new tax break they give away. Their misleading “Cut-Go” just cuts fiscal discipline and says, “Go borrow from the Chinese.”

They are like the fellow who bellies up to the bar, asking for just one more tax break for his buddies, while declaring, “put it on my tab.” But it’s really “our” tab. All Americans will be indebted for Republican addiction to endless borrowing for endless tax breaks.

We cannot eliminate deficits by revisiting Republican trickle-down economics -- this nonsense dug the deficit hole in the first place. Even Republican economists, like former CBO Director Doug Holtz-Eakin, concede that “there is no serious research evidence” to support the too frequent claim that “tax cuts pay for themselves.”

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