Henry J. Aaron provides must read stuff over at Brookings:
To see what the Boehner rule means, consider the following facts. Based on projections done last August by the Congressional Budget Office, the national debt will increase over the next decade by about $12 trillion under current law. To cut spending over the next decade by $12 trillion, it would be necessary to cut annual spending by an average of $1.2 trillion a year. Since total non-interest spending over that period will average $4 trillion a year under current law, about 30 percent of projected spending would have to be eliminated. Because big cuts are impossible next year or the year after, the required cuts toward the end of the decade would have to approach 50 percent to satisfy the Boehner rule. As it happens, no one in either party—and, most tellingly, none of those insisting on the dollar-of-cuts-for-a-dollar-of-increase-in-the-debt-ceiling trade-off—has indicated where spending cuts of even one half this amount should come from. Even so, they have declared that they will oppose any increase in the debt ceiling unless these terms are met. And they have the votes to make their commitment hold.
My only real complaint is calling any of these “rules” in the House rules. Hastert, Boehner, what-have-you: they have no force of law and only exist as a “rule” in the sense that washing one’s hands after using the toilet does. If one does so, one is following the rule. If not, well, uh not much really. The Boehner Affectation, or the Boehner Most Dangerous Strongly Held Opinion. Whatever, just not a “rule.”
But: yep. And the reason no one “has indicated where spending cuts of even one half this amount should come from”? Because they don’t give a shit about the deficit. This whole “crisis” was created and continues to exist as a useful cudgel to extract tax cuts for the rich and benefit cuts for the poor. Period, the end. Positive deficit impacts of said policy, be they large or small, are purely coincidental and entirely unintended.
Read the whole thing.
Lemkin 