On the spending front, Republicans plan to implement a series of rules called CUT/GO — a conservative answer to the PAY/GO rules instituted by Democrats. Under CUT/GO, increases in mandatory spending would have to be offset by spending cuts in other programs.The New Republic spots the Tea party bullshit. Even Yglesias gets this nonsense.
For everyone in the Tea party, you cannot repeal the law of supply and demand. You will increase spending because you have cut expected taxes. I know the Tea party, they will follow the Schiller line about immaculate government spending. Suggest the Tea Party cut the bullshit and focus on efficient spending.
HT DeLong
