re: #262 Baier

Obama didn’t come up with Pay As you Go, it is a modified version of Paygo, which is already in effect. Minus the loop holes, and with 10 years rather than 1 to off-set the spending.

I see you’re correct, but I think I still have a point that this was something the republicans should have proposed, not 0bama.

PAYGO:

An important example of such a system is the use of PAYGO rules in the United States Congress. First enacted as part of the Budget Enforcement Act of 1990 (which was incorporated as Title XIII of the Omnibus Budget Reconciliation Act of 1990), PAYGO required all increases in direct spending or revenue decreases to be offset by other spending decreases or revenue increases. It was thought that this would control deficit spending.

It was the republican controlled Congress that did away with PAYGO….