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Obama wants to implement pay as you go for Congress. Good idea?

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posted on Jun, 9 2009 @ 03:59 PM
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Republicans lashed back that Obama is no voice of fiscal restraint as the deficit soars.

The president's plan would require Congress to pay for new entitlement spending, such as health care, by raising taxes or coming up with budget cuts -- a "pay-as-you-go" system that would have the force of law. Under the proposal, if new spending or tax reductions are not offset, there would be automatic cuts in so-called mandatory programs -- although Social Security payments and some other programs would be exempt.


Source - Fox News - Sorry I couldnt find a link to a more reliable source

This sounds like a good idea. If you are going to spend money then you have to cut an equal amount of spending somewhere else. Is there anyway this could be something bad?




posted on Jun, 9 2009 @ 04:13 PM
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already posted HERE.

Sorry kinda beat ya to the punch. Important topic though.



posted on Jun, 9 2009 @ 04:15 PM
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reply to post by LeaderOfProgress
 


Oh, my apologies. I should have checked better before I posted. Well if a mod wants to come along and redirect everyone to yours that is fine with me. Once again, sorry, I did not mean to step on your toes.



posted on Jun, 9 2009 @ 04:16 PM
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reply to post by grapesofraft
 


It's cool we all do it some times in the rush to get something out.



posted on Jun, 9 2009 @ 04:17 PM
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reply to post by LeaderOfProgress
 


Thanks for understanding. I will be more careful in the future.



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