The Committee for a Responsible Federal Budget has a short white paper out, breaking down the Republicans’ spending rules, which they dub CUTGO. The idea is supposed to be that they will not just pay for any new spending, but should have to find spending cuts to do so.
There are some genuinely good ideas here, such as creating lock boxes to make sure funds freed up by budget trimming go to deficit reduction, not new spending. Al Gore jokes aside, the rules are a complete sham. They make it harder to spend more on things they don’t like, but make it easier to dig an even deeper deficit hole on tax cuts we cannot afford.
Page three on the document embedded below is a good summary of what is wrong with this. Read the whole thing if you’d like to get a peek into what the GOP really plans on pushing the next couple years, and how we’re lucky they don’t have a monopoly on power like they had before 2006 (same with the Dems… their PAYGO rules were a joke too, just in a different way).