Obama's PAYGO Plan Won't Cut the Federal Budget Anytime Soon

Washington Post | Jun. 11, 2009 (Editorial)

the president's self-congratulatory back-patting about fiscal rectitude is more than a bit hard to take in light of the huge exceptions he would grant. Yes, the president inherited a budget in arrears, an economy in tatters and a tax system that is unsustainable as written. It was necessary to add to the deficit in the short term to jolt the economy back to life. The House has these four exemptions in its pay-as-you-go rule; even without the Obama ... Full Story »

Posted by Derek Hawkins

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Subjects: Politics, U.S., Business, Living
Topics: Obama Administration, U.S. Congress, U.S. Budget, Money
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Posted by: Posted by Derek Hawkins - Jun 12, 2009 - 12:45 AM PDT
Reviewed by: Derek Hawkins (review), Dwight Rousu (review)
Content Type: Article
Edit Lock: This story can be edited
Edited by: Derek Hawkins - Jun 12, 2009 - 12:45 AM PDT
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3.1
 by Dwight Rousu - Jun. 12, 2009

The political attack tone detracts from the light analytical aspects. WaPo is not well known for resisting Bush deficits. The editorial criticizes rather than suggest improvements.

Exiting two military occupations and chopping the military budget would much help the deficit.

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3.7
 by Derek Hawkins - Jun. 12, 2009

With the Washington Post and Wall Street Journal saying essentially the same things about PAYGO in their editorials, it's easy to look beyond the rhetoric from Republicans and Democrats and assess Obama's proposal. This doesn't seem to be a liberal-conservative issue, and the Post gives us the facts on PAYGO's viability.

Derek posted this story.
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  • The 'Paygo' Coverup

    Wall Street Journal | Jun. 11, 2009 (Editorial)
    The truth is that paygo is the kind of budget gimmick that gives gimmickry a bad name. As Mr. Obama knows but won't tell voters, paygo only applies to new or expanded ...
    Posted by Derek Hawkins
    2.9
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  • Senator Russ Feingold on PAYGO (Pending)

    allamericanpatriots.com | Jun. 12, 2009
    Posted by Dwight Rousu
    No Rating
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  • WHAT TO MAKE OF PAYGO?

    American Prospect by Tim Fernholz | Jun. 11, 2009 (News Analysis)
    What's the actual impact of making these congressional rules in to law? Since both rules have emergency waivers (designed for situations, like the current recession, where ...
    Posted by Dwight Rousu
    4.6
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