House Republicans have unveiled new rules that allow budget resolutions to pass with large deficits so long as they come from tax cuts:

Current House rules include a pay-as-you-go requirement that any tax cut or spending increase for a mandatory (i.e., entitlement) program must be offset by cuts in other mandatory spending or increases in other taxes, in order to avoid increasing the deficit. Current rules also bar the House from using budget “reconciliation” procedures — special rules that facilitate speedy action on specified budget legislation — to pass bills that would increase the deficit.

Soon-to-be House Oversight Committee Chairman Darrell Issa's savvy communications staff strikes again; Politico recently "obtained" a list of the Congressman's widely-anticipated investigations, set to kick off when he officially takes over his committee this week. While most of the agenda won't surprise -- subjects set for scrutiny include Wikileaks' release of documents and "how overregulation has hurt job creation" -- I wanted to draw attention to this: