Law Democrats vote to support Paygo package only 3 democrats voted against

[Fugazy]

I could be missing something but it looks to me like under current rules if they want to put forward legislation to fund programs they have to cut spending in other areas to pay for it.

This rule makes it so they can either cut funding or raise revenues to fund them.

It should also be pointed out that interest rates are going up making public debt more expensive and we are in a bull market.

You usually don't want to raise the debt in a good economy because you'll need to raise it when the economy is bad.

That seems like a good thing?

 

[PEB]

Drew Hammill, Minority Leader Nancy Pelosi's deputy chief of staff, pushed back against Khanna's argument in a tweet of his own.

"We must replace CUTGO to allow Democrats to designate appropriate offsets (including revenue increases)," Hammill said. "A vote AGAINST the Democratic Rules package is a vote to let Mick Mulvaney make across the board cuts, unilaterally reversing Democratic initiatives and funding increases."
"CUTGO," a rule put in place by the outgoing Republican House majority, requires new spending be paid for with cuts to spending. Unlike "PAYGO," it does not make allowances for revenue increases, which typically come in the form of tax hikes.

"There is a PAYGO mechanism within Federal law that requires (the Office of Management and Budget, which is led by Mulvaney) to offset the cost of deficit-increasing legislation by forcing indiscriminate, across-the-board cuts in federal mandatory spending," Hammill added. "It's the law of the land."

They talk about this in the video and explain that it's not necessary Republicans already broke from the law of the land. They said they also control congress and this has nothing to do about Congress it's about bills that Democrats have to vote on. If built into the framework anything that does not include cuts or revenue increase to match it will not go to committee. Basicly they are telling house Democrats stop with healthcare for all and college for all or some form of middle or lower class benefit while just getting a 1.9 trillion dollar tax cut through without any offsets to speak of and watch the Democrats self destruct.

 

[IGIT]

1.2% of Democrat reps voted against the bill, showing huge unfixable shattering of the Democrat party.

ahoy 7437,

aye, a fracture....a gaping fissure.

a rupture of sorts.

its like Bernie being the one abstention in a typical vote on the floor of the Senate.

its reality changing.

- IGIT

 

[ultramanhyata]

Can someone tell me what this means?

The dems are launching a new payment processing app called Paygo. It will compete with PayPal. All proceeds will go to funding the 2020 presidential campaign. It's a genius idea. And why those three dem congresspeople tried to put the kibosh on it is beyond me. Damn, dirty socialists.

 

[7437]

Right, and what was the bill all about?

I'll take the cliffnotes version

Right now you have to cut funding to have new programs. This let's you increase revenue to pay.

 

[PEB]

I could be missing something but it looks to me like under current rules if they want to put forward legislation to fund programs they have to cut spending in other areas to pay for it.

This rule makes it so they can either cut funding or raise revenues to fund them.

It should also be pointed out that interest rates are going up making public debt more expensive and we are in a bull market.

You usually don't want to raise the debt in a good economy because you'll need to raise it when the economy is bad.

Then Democrats need to push for a rollback of the 10 year 1.9 trillion dollar tax cut that Republicans just passed because it is driving deficits upwards or go the Biden route and talk about cutting social security and medicare seriously? Seriously what the heck is up with the Democrats. Yes TYT again let it go.

 

[PolishHeadlock]

They talk about this in the video and explain that it's not necessary Republicans already broke from the law of the land. They said they also control congress and this has nothing to do about Congress it's about bills that Democrats have to vote on. If built into the framework anything that does not include cuts or revenue increase to match it will not go to committee. Basicly they are telling house Democrats stop with healthcare for all and college for all or some form of middle or lower class benefit while just getting a 1.9 trillion dollar tax cut through without any offsets to speak of and watch the Democrats self destruct.

I know the Republicans had to show within "reason" that the tax cut wouldn't add more than $1.5T over 10 years to the deficit to pass the tax cut which is why they needed pay fors and initially cucked Rubio on his increase to the child tax credit on the first go round.

Obviously their math was fucked.

Not sure if that was related to these rules.

But if it was that means the Dems can fuck up the math to pay for their programs and if the programs need major funding these rules are good.

At some point the national debt will become a problem and we'll need to raise taxes to pay for this shit.

To me it looks like the progressives against this are taking a symbolic stand against "austerity" or what looks like it.

 

[PolishHeadlock]

Then Democrats need to push for a rollback of the 10 year 1.9 trillion dollar tax cut that Republicans just passed because it is driving deficits upwards or go the Biden route and talk about cutting social security and medicare seriously? Seriously what the heck is up with the Democrats. Yes TYT again let it go.

Yes and?

Should they not pushing for a rollback of the tax cut?

SS and Medicare were in trouble before this. They need to increase taxes to pay for it

 

[PEB]

I know the Republicans had to show within "reason" that the tax cut wouldn't add more than $1.5T over years to the deficit to pass the tax cut which is why they needed pay fors and initially cucked Rubio on his increase to the child tax credit on the first go round.

Obviously their math was fucked.

Not sure if that was related to these rules.

But if it was that means the Dems can fuck up the math to pay for their programs and if the programs need major funding these rules are good.

At some point the national debt will become a problem and we'll need to raise taxes to pay for this shit.

To me it looks like the progressives against this are taking a symbolic stand against "austerity" or what looks like it.

My second post talks about rolling back this massive tax cut because it's for 10 years or Biden wants to cut social security and medicare he even mentions that Ryan was right what?

 

[PolishHeadlock]

My second post talks about rolling back this massive tax cut because it's for 10 years or Biden wants to cut social security and medicare he even mentions that Ryan was right what?

Ok?

Not sure what your point is

 

[ShadowRun]

So no more tax cuts ..... so smart, so progressive.

 

[PEB]

Yes and?

Should they not pushing for a rollback of the tax cut?

SS and Medicare were in trouble before this. They need to increase taxes to pay for it

Why the reply I believe they should raise revenue or cut spending we already have a homeland security group that everyone worries about and we have nearly 1 million people working for it. We have so much waste States and even farmers get billions and billions yet they are the same people who complain about the deficits.

 

[7437]

So no more tax cuts ..... so smart, so progressive.

Reduce spending if you want a tax cut.

 

[PEB]

Ok?

Not sure what your point is

My point is we got railroaded for 2 years with tax policies and efforts to cut food stamps and federal aid programs. Going to bed not ignoring just hitting the hay.

 

[PolishHeadlock]

Why the reply I believe they should raise revenue or cut spending we already have a homeland security group that everyone worries about and we have nearly 1 million people working for it. We have so much waste States and even farmers get billions and billions yet they are the same people who complain about the deficits.

Ok

 

[MiniCraque]

Paygo, cutgo, both rule systems are dumb as hell. The last thing you want as a policy maker is to be hamstrung by self-imposed constraints. If the country entered a recession and expansive fiscal policy was needed, either rule would probably be erased by the legislature (as it should) but it takes longer (gotta have some political grandstanding during the process). Delayed spending increases are not as dumb as no increases at all, but they're still dumb.

Paygo is also another example of the GOP successfully moving the goalposts while the entire discussion shifts to the right while the Democrats are either oblivious to it or too weak to make a stand. I remember when Democrats were for hard caps on greenhouse gas emissions while Republicans supported cap and trade. Fast forward a couple of decades or so and the position of the GOP is now "Chinese/Al Gore hoax" while Democrats want cap and trade.

 

[IGIT]

Reduce spending if you want a tax cut.

hi 7437 my friend,

that's crazy.

as per the Gipper, the GOP formula is to slash taxes and then really, really increase Federal spending.

over the last half century, Federal spending has skyrocketed the most under Presidents Ford, Reagan, and the P4P king, W Bush.


- IGIT

 

[IGIT]

Paygo, cutgo, both rule systems are dumb as hell. The last thing you want as a policy maker is to be hamstrung by self-imposed constraints. If the country entered a recession and expansive fiscal policy was needed...

well met MiniCraque,

yup.

Mr. Krugman noted the same thing today. obviously you need a degree of flexibility when a once per century financial crisis comes 'a knocking.

i wouldn't worry about this, my friend.

it is, sadly, just a bit of theater. not much different than the 184 times the GOP controlled House voted in the most muscular manner possible to eradicate the Affordable Care Act; an easy vote, since such a measure would die on President Obama's desk.

just joyful posturing to satisfy the electorate.

this is no different. i mean, i find the move sort of funny (it is funny, because conservatives are such shameless phonies about their fiscal hawkishness), but i am also kind of bummed to see the Democrats resorting to theater and puppet shows so instantly. Mrs. Pelosi is just trolling the GOP.

the GOP is allergic to the very idea of paygo. the can't do it, no matter how much they posture. they need to spend, yet the idea of paying for what they want is an anathema to them.

- IGIT

 

[japman40]

It hamstrings proggesives from trying to pass good legislation after 2020. Things like Medicare for all, infrastructure bill, etc...

 

[IGIT]

It hamstrings proggesives from trying to pass good legislation after 2020. Things like Medicare for all, infrastructure bill, etc...

hi japman40,

its just kabuki, my friend.

Mrs. Pelosi is just taking the vehicle out for a spin, doing donuts in the parking lot....having a bit of fun.

- IGIT