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Republicans Prepare To Punt On $130 Billion Of Automatic PAYGO Spending Cuts


We have urged Republicans not to agree to waive PAYGO budget caps without replacing the scheduled automatic $130 billion with a package of spending cuts – starting with ending the $80 billion for 87,000 new IRS agents.

Instead, the omnibus does even worse than waiving PAYGO – it ends the budget caps for two years.  Worse, the $130 billion doesn’t count in the bill’s official $1.7 trillion price tag – so the REAL cost of the bill is closer to $1.83 trillion.

But what’s a few tens of billions of dollars we don’t have between friends?

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