Where will the money come from? II

Democrats keep promising new programs: cutting rates on college loans is one of the latest.

Congressional Democrats say when they take the gavel from Republicans next month, they will put money in the pockets of college students and closely examine a law reforming elementary and secondary schools. How they will pay for their plans isn’t clear.
Democrats, who won the House and Senate in last month’s elections, say they will quickly move to slash interest rates on need-based college loans in half - from 6.8 percent to 3.4 percent.

“That will be done almost immediately, certainly within the first couple of weeks of the new session,” California Democratic Rep. George Miller, the incoming chairman of the House education committee, said in an interview.

But, as this article points out, where the money will come from is anyone’s guess:

Democrats haven’t spelled out how they’ll pay for their promises, which may run head-on into another pledge: to require any new spending to be offset with cuts elsewhere or new taxes to avoid increasing the deficit.

The “other pledge” mentioned above is a policy called PAYGO, or pay as you go. Democrats envision a PAYGO program in which future tax cuts must be offset by some other item in the federal budget while entitlement spending is alowed to remain on autopilot without any offsets. This version of PAYGO is a complete sham designed to rip off the taxpayer and prop up big government liberalism.

When Democrats try to enact PAYGO next year, conservatives will do their best to amend the new rule so that it applies equally to tax policy and social programs.

2 Responses to “Where will the money come from? II”

  1. Eddie Nigma Says:

    I suppose the money will come from the same place that the Republican party raided for the last 12 years…Our children’s bank accounts. Some things never change in Washington.

    I noticed your blog made it onto Tom Delay’s new website. That’s the place to be these days isn’t it? Certainly takes a brave soul to ignore his contributions to the destruction of the conservative movement. But then again, who’s really thinking about restoring the conservative movement these days, right?

  2. Tim Says:

    Eddie,

    1 — You are right about where the money will come from.

    2 — Tom DeLay came to a meeting yesterday at the Heritage Foundation where conservative bloggers, including myself voiced our disagreements with his leadership in the past. Whether it be the 2003 Medicare vote that was held open into the wee hours of the night or the proliferation of earmarking under his watch, he was challenged on the issues.

    To Mr. DeLay\’s credit he was willing to take the criticism and in several instances agreed with his critics. For example, he told us that he recognized that under his leadership earmarking \”got out of control\” and became \”grotesque.\”

    With each critic in the meeting, DeLay was willing to engage in real debate and the man can hold his own.

    I came away from the meeting recognizing that on some issues with DeLay in the past, some of us would just never come to an agreement (Medicare for example). But I think the man is working at this point to rectify some wrongs and to get back in the game and do some good for conservatism.

    Conservatives, especially now, need to be about addition and multiplication, not division and subtraction. If DeLay wants to pull himself up by the bootstraps and contribute to the cause while at the same time engaging in real conversations with his critics about the past, more power to him.

    And regarding the link on his blog. I will take all the traffic I can get for this little blog here and I appreciate that DeLay likes my blog. Heck, if Nancy Pelosi wants to link to my blog on her official website bring it on!

    Please don\’t impugn me and suggest that I somehow am a conservative sellout because of a link on a blog.

Leave a Reply