Friday, February 5, 2010

Garrett vs. Lowering the Deficit

What is the one plan that successfully lowered the federal deficit?


What does our Representative Scott Garrett consistently vote against?


I've written about this before, especially lamenting what happened to the Republican Party.

As the Tea Party people start their convention, if they really are mad as hell about the size of deficits, they need look no further than Garrett and his fellow Republicans that served from 2002-Present (including Dick Armey). They were the ones to abandon PAYGO, allowing the deficit to grow, and they are the ones who keep voting against it.

While Garrett has previously said PAYGO only justifies increasing taxes, history tells another tale. When instituted by REPUBLICANS, it took a few years, but in the late 1990's we actually started running surpluses and paying down our debt. Garrett's brand of Republicans decided in 2002 this wasn't a good idea.

Here's how Alan Greenspan explained it:
However, the brief emergence of surpluses in the late 1990s eroded the will to adhere to these rules, which were aimed specifically at promoting deficit reduction rather than at the broader goal of setting out a commonly agreed-upon standard for determining whether the nation was living within its fiscal means. Many of the provisions that helped restrain budgetary decision making in the 1990s--in particular, the limits on discretionary spending and the PAYGO requirements--were violated ever more frequently; finally, in 2002, they were allowed to expire.

Reinstating a structure like the one provided by the Budget Enforcement Act would signal a renewed commitment to fiscal restraint and help restore discipline to the annual budgeting process. Such a step would be even more meaningful if it were coupled with the adoption of a set of provisions for dealing with unanticipated budgetary outcomes over time.
As I've noted before, it was Garrett's freshman year in Congress that he went along with the Republicans and their "Deficits Don't Matter" mentality.

Now, Garrett and the others are trying to tap into the populist outrage against government debt, while continuing to vote against the only thing that really works to reduce the deficit. It is the height of hypocritical political opportunism, and if these Tea Party people actually care about facts, they need to call out all 179 Republicans that voted against PAYGO.

Unfortunately, I doubt that will ever happen, because the Tea Party's "esteemed" leader was the one running the show when PAYGO was canned to begin with. I don't doubt these Tea Party people really are outraged, what I doubt is that their leadership's intentions are more than simply lining their own pockets, like Ralph Reed opposing Indian casinos.

1 comment:

Theresa said...

Of course Garrett and the Republicans will vote against PAYGO. If they vote for PAYGO, then they can't rail about "out of control spending". They simply don't want to work and/or be part of the solution. Regarding the hypocrisy of it all; repeat after me: It's OK If You're A Republican (IOKIYAR).