CRP Blog

Wednesday, June 10, 2009

Pay As You Go…Except When You Don’t

The doublespeak of the Obama Administration would be funny if it weren’t so depressing. As Obama rolled out proposed new budgeting rules on Tuesday, he touted the necessity of having limitations on spending commonly known as “PAYGO” or “pay as you go.” Meaning for every new dollar the government intends on spending, it must find a dollar in savings elsewhere in the budget.

So what’s the problem with the Obama proposal? The rules he's proposing don’t apply to the whole budget. Obama has carved out exceptions, $2.5 trillion to be exact, to fund his favorite programs and priorities with borrowed money – spending that doesn’t require offsets.

Spending that adds to our current deficit.

Yes, this year’s exploding, all-time record deficit of $1.8 trillion (and climbing).

So when President Obama, his administration officials, and his liberal allies in congress claim they are going back to responsible budgeting of the Clinton years, remember that they support Pay As You Go rules, just not for the $2.5 trillion they’d like to spend first.


Obama: It's Ok To Borrow To Pay For Health Care
Associated Press
By Andrew Taylor

WASHINGTON – President Barack Obama on Tuesday proposed budget rules that would allow Congress to borrow tens of billions of dollars and put the nation deeper in debt to jump-start the administration's emerging health care overhaul.

The "pay-as-you-go" budget formula plan is significantly weaker than a proposal Obama issued with little fanfare last month.

It would carve out about $2.5 trillion worth of exemptions for Obama's priorities over the next decade. His health care reform plan also would get a green light to run big deficits in its early years. …

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