WHAT TO MAKE OF PAYGO?

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 running a deficit is a good idea, but often abused by congress), Horney says that making the rules into law "doesn't make an enormous amount of difference. If you've got the votes to waive the congressional rules, you've probably got the votes to waive the statutory rule. [But] It ... Full Story »

Posted by Dwight Rousu
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Posted by: Posted by Dwight Rousu - Jun 12, 2009 - 6:00 AM PDT
Reviewed by: Dwight Rousu (review)
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Edited by: Dwight Rousu - Jun 12, 2009 - 6:11 AM PDT

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4.6
by Dwight Rousu - Jun. 12, 2009

The analysis of PayGo with Jim Horney of the Center for Budget and Policy Priorities provides a realistic and mostly non-biased look at the effects of moving toward reinstituting some form of pay as you go.

This is a policy direction for congress to refine and implement. It should not have been dropped by the past congress.

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    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 ...
    Posted by Derek Hawkins
    3.4