Friday, January 29, 2010

Republicans Are Really Really Serious About Deficit Reduction



















Senate Republicans Called For Commitment To PAYGO Before Voting Against It
In his State of the Union address last night, President Obama urged the Senate to adopt pay-as-you-go rules (PAYGO), which essentially stipulate that all spending increases will be offset by either cuts elsewhere or tax increases. “When the vote comes tomorrow, the Senate should restore the pay-as-you-go law that was a big reason for why we had record surpluses in the 1990s,” Obama said.

Today, the Senate followed through, and considering all of the deficit fearmongering that has been going on in Congress, you’d think that it would have passed by a fairly wide margin. But no. Instead, the rules passed on a party line vote of 60(D)-40.

And the blanket Republican opposition is particularly interesting considering that some Senate Republicans used to support PAYGO, even when it was opposed by their own party. For instance, in 2004, three current Senate Republicans — Sen. Olympia Snowe (R-ME), Sen. Susan Collins (R-ME), and Sen. John McCain (R-AZ) — joined 47 Democrats in adopting PAYGO, against the majority Republicans’ wishes (although the rule was ultimately scuttled when Congress failed to pass a budget). The next year, the same three senators were joined by Sen. George Voinovich (R-OH) in a failed attempt to implement the rule.

Yet all four of them opposed the rule today. Here’s what they’ve had to say in favor of PAYGO in the past:

VOINOVICH: I just don’t understand how we can continue to go this way. We’re living in a dream world. This deficit continues to grow.

COLLINS: [PAYGO is] much-needed restraint for members of Congress as we wrestle with fiscal decisions.

SNOWE: I believe now is the time for both ends of Pennsylvania Avenue to commit to pay-as-you-go rules for both revenues and spending.

Just last year, Snowe approved of Obama’s advocating for PAYGO. And in the last few weeks, all of these Republicans have voiced concerns about the deficit and spending. So what changed? And why did all the supposed deficit hawks in the Senate — like Sen. Judd Gregg (R-NH) — vote against it as well? Could it be that they’re actually deficit peacocks, who “like to preen and call attention to themselves, but are not sincerely interested” in addressing deficits?