The Modern Republican Party is a Joke

The national Republican party has become a complete laughingstock. They have no principles and lack anything resembling fiscal responsibility. This last week Democrats have worked to pass an AMT bill that would patch the system for this year and keep 25 Million people from paying higher taxes. Of course the Democrats wanted to keep the "pay-go" system in place - pay-go is the simple idea of "pay-as-you-go" meaning any new program or tax-cut must be paid for and cannot simply be added to the national debt. Democrats brought pay-go back this session after Republicans had abandoned it in favor of Bush's tax cuts - it was much easier for them to give tax cuts without reducing spending.

So the Democrats want to actually pay for AMT relief by closing the loopholes given to certain investors in the Virgin Islands and other wealthy expatriates that relinquished their citizenship to avoid paying their taxes. But the Republicans filibustered that bill and even went so far as to say they wouldn't approve any bill under pay-go rules.

If you want to see how out of touch and fiscally irresponsible the modern Republican party has become just listen to the Republicans top senator on the FINANCE committee, Charles Grassley:

The Finance Committee’s top Republican, Charles Grassley of Iowa, said it was time for Democrats to abandon their “pay-go obsession,” referring to the “pay-as-you-go” principle that tax cuts or spending increases should be paid for so as not to add to the federal deficit.

Well there you have it in black and white. The Republican Party is officially against fiscal responsibility. Just add another $50 Billion to the national debt what the hell - it's not your generation's money right?

Just another reason why Republicans are going to get their clocks cleaned in 2008...