Blackburn Votes No On Fiscal Scam

Press Release

Blackburn Votes No On Fiscal Scam

Moments after voting to raise the federal debt limit to a staggering $14,294,000,000,000 by a single vote, House Democrats imposed a sham "PayGo" rule that would make it easier to raise taxes on average Americans. "PayGo" rules require every new funding item to be paid for by an equivalent spending cut or tax increase.

"In December, my colleagues voted to raise the debt limit by $290 billion. In the seven weeks since the limit was increased they have passed seven resolutions congratulating athletes and sports teams, 23 resolutions honoring other individuals, named five post offices, and authorized $50 million to construct a new National Park in the Virgin Islands. Between the two debt limit increases, they haven't taken a single action to cut spending. Why in the world should we believe that under PayGo rules they would suddenly become converts to the principles of restrained spending?"

"Many of my colleages will tell you that pay-as-you-go budgeting works the same way as any family's budget. It can, but you have to follow the analogy to its logical conclusion. When a family wants to buy a new car they tend to save for it, not expect to go out and find new jobs that pay twice as much."

"Those same House Members will tell their constituents that PayGo resulted in the surpluses in the 1990s. They are right, but only because in the 90s the House first looked to spending cuts to account for new programs. There are natural economic limits to how much of the gross domestic product the federal government should consume and equal natural limits on how much of our individual income can reasonably be withheld for that same purpose. The Democrats spending plans for 2011 represent the extreme limits of both taxing and spending."

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