Fiscal Responsibility in Action

This is what fiscal responsibility looks like. Something that never happened when Republicans were in charge.

The Obama administration has proposed a $467-billion package of savings, including changing how deductions count for wealthy income-tax payers, to offset the cost of its proposed jobs package, officials announced Monday.

At a televised briefing, Jack Lew, director of the White House Office of Management and Budget, outlined the package, which is being sent to Congress along with the $447-billion jobs bill. The extra $20 billion is designed to create a cushion to make sure the jobs plan is fully paid for as the president has promised, Lew said.

“In order to invest in jobs and growth, we're going to have to pay for it,” Lew told reporters at the news session, which included White House Press Secretary Jay Carney.

Every piece of legislation by the administration has been paid for or deficit neutral.  Yet the media and the GOP refer to such policy as tax and spend socialist Liberalism.