Seems the Republicans want to pass a law that requires budget offsets for any spending increases. Sounds like a good idea no? Except...
Except that...The House Republican leadership has announced it will enact two things immediately upon taking control of the House this week: a new "CutGo" rule to require revenue offsets for any increases in spending, and the repeal of the Affordable Care Act health reform law.
The Republicans might want to pass health reform repeal first.
Because if they install "CutGo" rules first, they won't be able to repeal health reform without also finding $1 trillion in spending cuts over the next two decades to make up for the taxpayer savings they'll be throwing away.
At minimum, if the House GOP doesn't feel bound by the Congressional Budget Office's nontraditional long-range forecast -- which was provided because the bulk of the estimated deficit reduction would occur in the second decade of implementation -- it would at least need to offset the $143 billion that the traditional CBO estimates would be saved by health reform in this decade.
See here:(UPDATE: I overestimated the House GOP's creativity. The New York Times reported that the "CutGo" rule will simply have a loophole exempting the repeal of health reform. Hat tip: Alec82.)
Under new rules drafted by House Republicans in an effort to bolster fiscal discipline, lawmakers must show how they will pay for legislation that increases the deficit. But a bill repealing the health care law would be explicitly exempted from that requirement.
Why would they have to put this loophole in their bill if HCR was going to cost a trillion dollars as they keep saying?
Freaking lying hypocrites!