Democrats Introduce Statutory PAYGO Legislation


Today, House Democrats introduced President Obama’s “Statutory Pay-As-You-Go Act of 2009.” This legislation is necessary to help reverse years of recklessness by the Bush Administration, which left our Nation in an unprecedented fiscal hole, facing a deficit of $1.3 trillion. A primary focus of the Democratic Congress, restoring PAYGO will help restore fiscal discipline, allowing us to invest in America’s most important priorities while making the tough choices necessary to cut wasteful spending, address the deficit, and reduce the national debt.
 
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