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Wednesday, June 10, 2009

Politically Speaking: Grassley suspects fig leaf in PAYGO

Excerpted from this post at Politically Speaking

After pushing for incredibly spendy stimulus packages in late 2008 and
2009, President Barck Obama has called for fiscal restraint in the
form of PAYGO. That approach to finding budget cuts to offset any new
federal government spending is something we in the tri-state area have
heard touted by Congresswoman Stephanie Herseth Sandlin, D-S.D. As
Obama announced support for PAYGO, which was used by the Clinton
administration in the 1990s in erasing the federal deficit and handing
a surplus to George Bush in 2001, Herseth Sandlin was present with the
president this morning as part of the Blue Dog Coalition of fairly
moderate Democrats. She likes PAYGO, seeing it as part of Obama's
commitment to restoring fiscal responsibility in Washington.


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