On the recordJanuary 25, 2011
Total it up and you will find that the cost of Democrats end-running their own pay-go rule meant almost $280 billion in additional deficit spending. I think this point needs to be very clear. Senate Republican attempts to force our friends on the other side to abide by the letter or spirit of their own pay-go rule were rebuffed for almost all of last year. This was not some academic exercise. And now the American taxpayers are on the hook for roughly $280 billion, courtesy of Democrats purportedly committed to spending restraint. Still, we are heartened that Democrats are at least claiming a commitment to deficit reduction. Talking tough is a necessary--though not sufficient--step toward getting our fiscal house in order. Similarly, it is a positive development that the President has endorsed passage of the U.S.-Korea Free Trade Agreement. Maybe the administration is waking up to the importance of our pending trade agreements for our exports and the workers who make them. But the proof of his commitment to our exporters must go beyond the Korea FTA. We can no longer let our trade agreements with Panama and Colombia languish as we lose competitiveness and allow other countries to seize these markets for their workers. Talking about trade does not produce jobs. We need the President to take action and submit these agreements to Congress. And we need that action now. The U.S. worker cannot afford to wait.…





