The Concord Coalition is a longtime nonpartisan budget watchdog group with both Democrats and Republicans as its founding members. It's analysis is always right on, in my opinion, very detailed and backed up with sources they're willing to share.
Here's what that group is saying about new rules adopted by the Republican-controlled House of Representatives in Washington. D.C.
Reading this stuff, I cannot imagine how this will not create, and probably should create, tremendous disagreement between the tea party and the Republican Party.
If we asked voters if this was part of their "message" in congressional elections last fall -- to implement rules like this -- I don't believe they would say "yes."
Here's what the Concord Coalition had to say on Jan. 11, 2011.
"New House Rules Will Clear Path for New Deficits"
Last week the House adopted budget enforcement rules that restrict spending but exempt tax cuts. Included are rules that weaken PAYGO by excluding revenues, allow reconciliation to be used for deficit-financed tax cuts, permit the chairman of the Budget Committee to unilaterally impose budget allocations, and establish spending reduction accounts in appropriations bills.Spending restraint is certainly important. But the House approach of ignoring the budgetary effects of tax cuts is fiscally irresponsible and abandons the Pay-As-You-Go (PAYGO) principles that were successful in the 1990s. Several fiscal commissions have recommended a wide range of options for reducing budget deficits, saying that everything should be on the table. The House should heed this advice and pay for any proposal that would significantly add to deficits over the long term.
Read more with New House Rules Clear Path for New Deficits
