NYcarbineer
Diamond Member
The same thing can be said of the democrats. Two years ago, 0bama was a deficit hawk, until he came into office and spent twice as much as the tax income in a single year.
Royalties are contracts. The constitution forbids your idea.
Royalties are also set by auction. Even if it did pass constitutional muster, it would permanently depress the money the government could get out of any future auctions.
Republicans let PAYGO expire because they couldn't do their tax cuts and Medicare part D, aka budget busters, under PAYGO rules. The deficits created by both of those, plus the ongoing cost of the Iraq war, comprise a major portion of what is called Obama's deficit.
Realizing that much of the deficit was their, the current problem is, Obama keeps ADDING to the it. If he were truly about "Change", he would have worked toward reducing it not increasing it.
Well there's an insidious cycle at work that's been going on for decades. Republicans run on cutting taxes, increasing military spending, reducing the size of the rest of government, and balancing the budget.
When they get in power, they do one and two, and ignore three and four, and leave power with another round of massive deficits in place, and then, the Democrats are expected to fix it.
The problem is, obviously, that any real fix is politically toxic.