New Budget Rules Won't Stop Our Spending Problem

If we are serious about balancing our budget, we have to recognize that Washington does not have a revenue problem - it has a spending problem. Tax receipts have grown by double-digit percentages over the past two years, thanks to the strong economic and job growth that was sparked by tax relief.

Unfortunately, the new PAYGO provisions in the House rules simply pave the way for higher taxes, and they lack teeth when it comes to reducing spending or the deficit. With this rules package, we are making good progress on earmark reforms, but moving in the wrong direction toward tax-and-spend budgeting when it comes to PAYGO.

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