"If you love wealth more than liberty, the tranquility of servitude better than the
animating contest of freedom, depart from us in peace. We ask not your counsel
nor your arms. Crouch down and lick the hand that feeds you. May your chains rest
lightly upon you and may posterity forget that you were our countrymen."
Samuel Adams, (1722-1803)
Tuesday, December 28, 2010
House GOP Loosens Strictures on Deficit Spending
House Republicans are loosening the rules that allow using 'budget reconciliation' to increase the federal deficit. The key is that deficits created by tax cuts are permissible but those created by spending hikes are not.