There's only one problem with this widely accepted narrative -- it's not even remotely true. A couple of stories yesterday paint a picture of a party making a big show of deficit hawkery, while returning to their traditional borrow-and-spend ways. The GOP talked a lot about deficits, because they realized deficit panic could get them elected, but they aren't serious about the issue. They love deficit spending the way an alcoholic loves happy hour and they have no interest in giving it up.
Exhibit A is a gimmicky new house rule called "cutgo." Where Democrats used a rule called "pay as you go" or "paygo," which required all but emergency spending to be paid for somehow, Republicans are requiring that all new spending be offset by cuts. Or at least, that's what they'd like you to believe. But it isn't true at all...[CLICK TO READ FULL POST]
