The Foundry

Posts Tagged ‘Pay-as-you-go’

• One Week After Passing, Congress Set to Break PAYGO

  Posted February 18th, 2010 at 1:00pm in Entitlements, Ongoing Priorities with 0 comments

  Just last week Congress revived PAYGO legislation which is supposed to force legislators to offset any new spending with spending cuts elsewhere in the budget. While this won’t come as a shock to most Foundry readers, The Hill reports that “the ink is barely dry on the pay-as-you-go law, and Democrats are seeking to [...] More

• New Resolution Would Better Enforce PAYGO: Will Democrats Allow a Vote?

  Posted October 6th, 2009 at 4:42pm in Entitlements with 2 comments

  Rep. Ed Whitfield (R-KY) has proposed a novel way to strengthen the House Pay-As-You-Go (PAYGO) rule. PAYGO – which requires that all legislation expanding entitlements or cutting taxes be fully offset – has been exposed an ineffective gimmick. PAYGO exempts discretionary spending increases (which comprise 40 percent of the budget) as well as the automatic 6 [...] More

• President’s PAYGO Proposal is Unworkable

  Posted June 9th, 2009 at 2:12pm in Ongoing Priorities with 13 comments

  President Obama today is promoting a Pay-as-You-Go (PAYGO) statute requiring that tax cuts and entitlement expansions be collectively deficit-neutral. Congress is likely to take up the proposal later this month. Since 2007, Congress has had a PAYGO rule mandating that each new tax and entitlement bill be deficit-neutral. Because it is merely a congressional rule, lawmakers [...] More