At the Southern Republican Leadership Conference, would-be presidents were cautious about criticizing the president (or the Republican Congress) directly, but they practically tripped over one another to emphasize one problem: fiscal irresponsibility has run rampant.
Yesterday, some of these same Senate Republicans had a chance to do something about it, by voting to restore “paygo” rules. “For those who say they are fiscally responsible, here is your chance,” said Senator Kent Conrad of North Dakota, senior Democrat on the Budget Committee. “You are going to be able to prove with one vote whether you are serious about doing something about these runaway debts and runaway deficits or whether it is all talk.”
Take a wild guess which way the GOP went.
Senate Republicans on Tuesday narrowly defeated an effort to impose budget rules that would make it harder to increase spending or cut taxes, a move that critics said that showed Republicans were posturing in their calls for greater fiscal restraint.
In the first of several politically charged budget and spending issues confronting Congress this week, the Senate rejected on a 50-to-50 tie a proposal to restore what are known as “pay-go” rules, a requirement that tax cuts and some new spending be approved by 60 votes or offset by budget savings or revenue increases.
Democrats and a handful of Republican allies said that the added discipline was essential to getting a handle on the mounting federal debt and that the rules had been instrumental in reducing red ink before they were allowed to lapse in 2002.
How did Republicans justify their opposition? The NYT noted that Republicans said the push to add the rules to the budget was “a back-door effort to make it harder to extend President Bush’s tax cuts.”
Really? Senate Republicans believe forcing lawmakers to budget responsibly could make it harder to extend already-ridiculous tax cuts? You don’t say.
It’s actually a surprisingly candid admission. Most of the Senate GOP caucus effectively announced yesterday that they’d rather cut taxes than restore fiscal sanity. It’s good to know.