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A fiscally responsible thing happened on the way to the November 2 election: Rep. Eric Cantor (R.-Va.) announced on behalf of the House Republican Leadership an internal party rule mandating that Republicans will not earmark in the next Congress. This is excellent news for the Tea Party movement and it fills in a missing element of the “Pledge to America.”
Following November’s “shellacking” at the polls, President Obama agreed that more fiscal restraint would be in order and submitted a 2012 budget proposal that pretends to meet that goal.