Should PAYGO be reinstated as Obama proposes?
“Obama believes that a critical step in restoring fiscal discipline is enforcing pay-as-you-go (PAYGO) budgeting rules which require new spending commitments or tax changes to be paid for by cuts to other programs or new revenue.
Obama will stop funding wasteful, obsolete federal government programs that make no financial sense. Obama has called for an end to subsidies for oil and gas companies that are enjoying record profits, as well as the elimination of subsidies to the private student loan industry which has repeatedly used unethical business practices. Obama will also tackle wasteful spending in the Medicare program.”
http://www.barackobama.com/issues/fiscal/
(More info on PAYGO: http://en.wikipedia.org/wiki/PAYGO)
Agree or not?
Yes, I agree. And thanks, too, for the thoughtful and intelligent questions.
