Tiger Beat on the Potomac (thanks Charlie!) starts their morningemail thingie with a scoop!
“SCOOP — HOUSE REPUBLICANS will take up a balanced-budget amendment when they return from recess, several sources tell us. This follows on the heels of their $1.3-trillion budget bill and their massive tax bill.”
The GOP tax bill that sent the deficit TO THE MOON? That tax bill?
“WHY DO THIS NOW? Here’s what we think: It’s almost election season, and it would be helpful if GOP lawmakers could go home and be able to say they voted to support balancing the federal budget, even though they voted boosted discretionary spending by a ton, and have not touched entitlement spending, which, they have said for years, is the driver of U.S. budget deficits.”
In other words, the swamp. They will try running as outsiders.
But here’s the stupid thing: when the economy goes down (and it will), being able to deficit spend is one of the few tools we have to stimulate growth.