Sure seems they don't. At all:
Pay As You Go Is GoneIs there no such thing as fiscal restraint? Has everyone in Washington gone mad? A $1,000,000,000,000 deficit in one year?
Wall Street Journal editorial
As Congress gears up to pass another spending "stimulus" bill, there's one political silver lining: Democrats are being forced to abandon the pretense of fiscal conservatism known as "pay as you go" budgeting.
Democrats ran on "paygo" in 2006, promising to offset any new spending increases or tax cuts with comparable tax increases or spending cuts. Once in charge on Capitol Hill they quickly made exceptions, waiving paygo no fewer than 12 times to accommodate some $398 billion in new deficit spending -- not that the press corps bothered to notice. That didn't stop Majority Leader Steny Hoyer from announcing in May that "We're absolutely committed to paygo. Speaker [Nancy Pelosi] is committed to paygo. I'm very committed to paygo. Our caucus is committed to paygo."
Paygo was always a big con designed not to reduce spending but to stop tax cuts. It was invented to stop the GOP Congress and then a Republican President, but it is inconvenient when Democrats run the show. With the recession available as an excuse for just about anything, get ready for the first $1 trillion federal budget deficit. (link)