With the start of the new Congress on Thursday, Democrats officially took over the House of Representatives. Right off the bat, the party began fighting internally over the basics of its budget process. That might sound wildly arcane, but it's actually a fight that reveals the growing power struggle between the Democratic Party's establishment and its insurgent left wing over the very foundation of the party's economic agenda.
At issue is the so-called "PAYGO" rule, which stands for "pay as you go" and is pretty much what it sounds like: a rule that Congress must pay for its budget decisions as it makes them, rather than pass legislation that increases deficit spending on net. House Speaker Nancy Pelosi and the Democratic Party old guard want to resurrect PAYGO. The party's up-and-coming progressive wing — led by newly-sworn-in Rep. Alexandria Ocasio-Cortez (D-N.Y.) and Rep. Ro Khanna (D-Cali.) — is opposed to the idea.
You can read the rest @
https://theweek.com/articles/815501/what-paygo-why-are-democrats-fighting-over
Have you noticed something? As the report's author states, "federal deficit spending is a positive good", but that maxim seems to apply only to spending authorized by Democrats. Republican deficits are by definition BAD. Or so the MSM wants us to think.
The federal deficit, our balance of trade deficit, and corporate and personal debt are so great as to be almost incalculable. And yet Congress still can't agree that we cannot continue to live by debt forever.
This will not end well. If you're not a prepper, maybe you should learn how to be one.
By the way, the number of Democrats opposed to PAYGO appears to be minuscule, so why is this such a big deal? Is it because the MSM wants to push AO-C and her agenda onto the front page?
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