Do you think it plausibe that the GOP, in the time we still have left, would craft Gingrich-like legislation of a pay-as-you-go bill. For whatever expenditures beyond what's currently budgeted for, that congress be required to offset that spending somewhere else?
In short, no. I doubt they could get it passed in the time they have left, and I'm not sure I'd want them to try. A pay-as-you-go plan would be a green light to pass and/or attach to every new spending plan tax increases. It would possibly put an end to tax cuts, because then tax cuts would probably have to be accompanied by specific spending cuts, and I just don't see how that is going to work in Congress....My only real hope for the new Congress is there will be enough political obstructionism to slow things down. That is my hope. My expectation is that rather than gridlock, the Republicans will produce mere speed bumps as the political process rolls downhill. I mean, rolls forward, yeah, yeah, that's it, dow-, er, forward.
My thanks for the repsonse. I'd opine that any such "legislation" that the GOP might try wouldn't include the notion of raising taxes as an option. they'll leave that to the Dems to pull, and then let them explain that move to the electorate