| DEMOCRATIC PROMISE #59: Balance the Budget
Promise: “Democrats will produce a budget that makes real progress toward balancing the budget, [and] makes wise choices. . .” – Democratic Caucus Chairman Rahm Emanuel (D-IL) Press Release, February 5, 2007
Broken Promise: “Before leaving town for spring break, [Democrats] passed a budget resolution that stands as a model of fiscal irresponsibility. How bad is the House budget? For starters it would surpass this year’s record-breaking spending level by 9 percent – three times the expected rate of inflation.” – “Prepare for Fiscal Irresponsibility,” Tallahassee Democrat Editorial, April 16, 2007. The House Democratic budget assumes an increase in the national debt of $850 billion. Democrats voted en masse against a GOP substitute budget that achieves balance by 2012 and ends the raid on Social Security without raising taxes.
DEMOCRATIC PROMISE #60: Change Washington’s Spending Habits
Promise: “Democrats are committed to ending years of irresponsible budget policies that have produced historic deficits.” – Speaker Nancy Pelosi’s (D-CA) “A New Direction for America,” Page 25
Broken Promise: In six months time, Democrats have authorized $828,330,870,000.00 in new federal spending. – Source: RSC Money Monitor, June 22, 2007
DEMOCRATIC PROMISE #61: Extend the Bush Tax Cuts
Promise: Ways & Means Committee Chairman Charlie Rangel (D-CA): “I’m not contemplating any increase in taxes. I’m not assuming they will expire.” – “Republicans Start New Pastime: Reading Dems’ Tea Leaves,” CongressDaily AM, March 1, 2007
Broken Promise: “House Majority Leader Hoyer told reporters Tuesday that the budget plan would not assume all of President Bush’s policies are extended.” – “Republicans Start New Pastime: Reading Dems’ Tea Leaves,” CongressDaily AM, March 1, 2007 |