"Pay As You Go" Is As Good As Gone.

The Democrats promised---promised--- to adopt pay-as -you-go spending rules if they were put in charge of Congress. They reiterated that promise after they took over, with much praise from across the country for doing so, including from me.

The Democrats lied. Read this:

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.

Pay-as-you-go was originally a Republican idea, embraced by them in their years out of power when they were outraged at Democratic profligacy. Their outrage dissipated when they seized power.

Still, it was a promise made by Democrats, and it was a promise broken. Remember it when politicians wail about the deficit. Spending, not a lack of revenue, is the real problem.