Because this is how you blow the 2018 elections.
Nancy Pelosi is attempting to sodomize the 2018 midterm elections with a prickly pear cactus. The lie she is telling us is we cannot afford anything nice for regular people, ever. Again. And this message, all by itself, is enough to lose the 2018 midterm elections for the Democratic party.
Yes, I know there’s supposed to be some Blue Wave surfing The Donald out of town.
And this is how we know Pelosi knows she’s sold us out. Nancy’s in on the scam. The Two Santa Clauses scam. Pelosi is in on it. Yes, I just said Nancy Pelosi is a right-wing scam artist.
Read this ^ article. Seriously. If you haven’t caught on to how the Democratic party holds the door open while the Republican party raids the liquor cabinet, then the Democrats boo-hoo the booze is all gone. Again. Then meets the DNC meets the GOP ’round back for a fifth of Jack over Cuban cigars, then read it.
Because it tells you exactly how it works.
But don’t tell this Nobel Prize Economics guy how it works.
He’s emotionally invested in his Nancy shrine: Who’s Afraid of Nancy Pelosi?
He even greases the skids for her. Have some Astroglide, Nancy!
“Normally, a party that gives away $2 trillion without worrying about where the money will come from can buy itself at least a few votes.”
Ahem. Here’s my letter to the Paul Krugman Nancy Pelosi Greased Forty-Foot Prickly Foreign Object Fan Club:
You are the reason we cannot have anything nice. We are on to you and your fake Resistance™. You are every bit a 0.1% parasitic vampire squid sucking the souls of the regular people through your straw-like tentacle appendages into the black hole lair whence you came.
Oh yes you are. Nancy Pelosi’s Phat Life in the 0.1%
Oh yes she is. My momma says “Nancy Pelosi is the PAY-GO CALL GIRL OF CTHULHU!!”
IN THE FIRST outline of the legislative agenda House Democrats would pursue if they take the majority in November, Minority Leader Nancy Pelosi has made the public a big promise, vowing to handcuff her party’s progressive ambitions, including in the event a Democratic president succeeds Donald Trump, by resurrecting the “pay-go” rule that mandates all new spending is offset with budget cuts or tax increases.
Along the way, she is playing into the hands of Republican strategists eager to warn voters Democrats’ top priority is raising taxes.
Forcing budget offsets for every piece of legislation would make it more difficult for Democrats to pass a host of agenda items, from “Medicare for All” to tuition-free public college.
It continues a trend of Democrats caring far more about deficits than Republicans, constraining the activist impulses of liberal policymakers while giving conservatives free rein to blow giant holes in the tax code.
Pelosi “is committed to reviving” pay-go, which she instituted as a standing rule upon taking over the House in 2007. Though she waived the rule to pass the economic stimulus bill responding to the Great Recession, most of the other major legislative initiatives of the early Obama era — including the Affordable Care Act — were paid for.
In 2010, Obama took this even further by signing the Statutory Pay As You Go Act. It enables presidents to enforce across-the-board cuts if Congress violates the rule.
When Republicans took over the House, they changed pay-go to “cut-go,” applying offsets only to spending instead of tax cuts, mandating that spending must be offset with budget cuts instead of tax increases. That still left the statutory law, which retained those aspects, but Republicans waived it for the Trump tax cuts.
The move was a formalization of decades of this trend:
Crying about deficit fears stops Democrats from moving forward on any meaningful social program, while Republicans plow ahead with tax cuts whenever they get to power.
Pelosi’s planned legislative package for the beginning of a potential House takeover would include establishing ethics and lobbying reforms, lowering the costs of health insurance premiums and prescription drugs, and spending $1 trillion for infrastructure investment. The latter two would cost money, and under pay-go it would all have to be offset.
That’s not necessarily a problem — there are plenty of ideas for how to raise revenue. But it puts them in a box, having to propose tax increases Republicans gleefully broadcast. Meanwhile,
Republicans, unconcerned with deficits, get to play Santa Claus, without having to match tax cuts with anything unappealing.
Sen. Brian Schatz, D-Hawaii, resisted this dynamic in March when introducing a debt-free college bill, saying, “I don’t play the pay-for game. … I just reject the idea that only progressive ideas have to be paid for. We can work on that as we go through the process, but it’s a trap.”
It’s a trap!!!
Under Pelosi’s standard, this trap would be set as a matter of House rules.
Progressives have grown incensed by Pelosi’s insistence on budget neutrality. “The pay-go thing is an absurd idea now, given the times and given what’s already been done to curry favor with corporate America,” Rep. Raúl Grijalva, D-Ariz., said to The Hill in June.
He argues unlike Republicans who are happy to cut taxes by $1.5 trillion without offsets, Democrats would try to solve nagging problems with unnecessary shackles. Grijalva called it “irresponsible to try to tie up Congress’s ability to respond to economic downturns or, in the current discussion, to slash programs.”
A new vanguard of economists in Washington, including former Bernie Sanders staffer Stephanie Kelton, has argued that under modern monetary theory, public spending is only constrained when the economy is running at full capacity and inflation starts to rise — which is not remotely the case today.
Public deficits, she points out, are just another way of talking about private surpluses. She has warned of the dangers of balanced budgets that take money from the hands of ordinary people, and has made some headway inside Washington. Kelton remains close to Sanders, who would chair the Budget Committee if Democrats take the Senate. But Pelosi has been unmoved.
In a statement, Kelton said “Pay-go is a self-imposed, economically illiterate approach to budgeting. Republicans know this, which is why they have unabashedly used their power to expand deficits and, hence, deliver windfall gains for big corporations and the already well-to-do.”
She continued, “Instead of vowing budget chastity, Democrats should be articulating an agenda that excites voters so they can unleash the full power of the public purse on their behalf.”