Wednesday, November 08, 2006
Dem Wins [Larry Kudlow]
Look at blue dog conservative Dem victories, and look at Northeast liberal GOP defeats. The changeover in the House may well be a conservative victory, not a liberal one. Blue dogs are rabid budget balancers. At tomorrow's news conference, President Bush should reach out to them, and to Republican base, with a spending limitation pay-as-you go proposal that gets to a balanced budget in a couple of years. Any spending increases (defense) must be offset with spending cuts (domestic pork). A spending limit paygo was used effectively by the Gingrich Congresses between 1995 and 1998, the high tide of their limited government period. And, this approach will head off a revenue paygo advocated by Pelosi, Spratt and Rangel that would lead to tax hikes.
11/08 12:11 AM
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