Statutory Pay-As-You-Go
September 21, 2009
Democrats voted to put an end to the reckless ‘borrow-and-spend’ policies of the Bush Administration and the Republican Congress by passing legislation to reinstate statutory paygo, the same policy that led from deficits to surpluses under the Clinton Administration. It requires that new policies that either reduce revenues or expand spending be offset with other cuts or revenue. (Passed by the House)