This bill, like most that come out here from the Republicans, has a great name. It's a Pro-Growth Budgeting Act. It's not a pro-growth budget--big difference--but a Pro-Growth Budgeting Act. And like so many of the pieces of legislation that they offer us, the substance of the bill does exactly the opposite of the title. This would better be named the ``Dig Deeper Now'' legislation, or the ``Mandate Voodoo Economics'' legislation. It attempts to enshrine Republican dogma that even an elementary arithmetic student would have some question about. It's based on the theology that the best way to get more is to do less; that if you have less revenue coming in, you somehow will eventually get more revenue coming in. And it just hasn't worked that way. Their approach is much like the alchemist of old, who, when faced with a problem that he could not convert straw into gold, simply responds, give me more straw. They can't get enough straw in the form of tax cuts to talk about at their political conventions. But when they apply them, we don't need dynamic scoring to know what the effect is. We have history, and that history is not very favorable to this whole concept that somehow less means more. We have the ``dynamic'' Bush tax cuts to look at and what their effect has been.…
On the recordFebruary 2, 2012
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