You would think that deficit math would be simple. If you spend more than you take in, you've got a deficit. If you increase spending , or decrease revenues, the deficit gets bigger. And eliminating the deficit involves either spending less, or taking in more, or some combination of the two.
However, with the new rules in effect in the House, paygo (or cutgo) rules only affect spending, not tax cuts.
This is a complete sham. Cutting taxes, without having offsetting cuts in spending, increases the deficit. This was proven beyond a shadow of a doubt during the last 30 years. Considering that most of these people ran on a deficit reduction platform, they need to shape up now. Either they are serious about reigning in the deficit or not. Pretending that tax cuts don't have to be offset by spending cuts is cowardice of the highest order.
However, with the new rules in effect in the House, paygo (or cutgo) rules only affect spending, not tax cuts.
This is a complete sham. Cutting taxes, without having offsetting cuts in spending, increases the deficit. This was proven beyond a shadow of a doubt during the last 30 years. Considering that most of these people ran on a deficit reduction platform, they need to shape up now. Either they are serious about reigning in the deficit or not. Pretending that tax cuts don't have to be offset by spending cuts is cowardice of the highest order.