Marc A. Thiessen: =0A Dollar for dollar = balance
http://dervishcom.blogspot.com/2011/08/marc-thiessen-0a-dollar-for-dollar.html
Last weekend, before the debt-limit agreement was reached, Sen. Harry Reid gave a speech on the Senate floor in which he railed against the GOP for demanding spending cuts in exchange for a debt-limit increase. Since 1962, Reid bellowed, Congress had raised the debt limit 74 times without ever demanding concessions in exchange.
He is right. As I pointed out in my Post column this week, the most important aspect of the debt-limit deal – one that has been overlooked by many conservative critics – is the new precedent that has been set by the legislation: Henceforth, debt-limit increases must be "paid for" with equal or greater cuts in spending.
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Source: http://feeds.washingtonpost.com/click.phdo?i=8e9fedcfa42a16b441af7f882cf2d8cb
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