Hoyer Applauds President Obama for Signing PAYGO Into Law

For Immediate Release:

February 12, 2010

Contact:Katie Grant
Stephanie Lundberg
(202) 225 - 3130

WASHINGTON, DC – House Majority Leader Steny H. Hoyer (MD) released the following statement today after President Obama signed statutory "pay-as-you-go," or PAYGO, into law.  The legislation sent to the President was based on H.R. 2920, which was introduced by Majority Leader Hoyer:
 
“I am pleased that President Obama has signed PAYGO legislation into law, restoring a key fiscal responsibility measure that is a proven tool for turning deficits into surpluses.  PAYGO is an important first step to get our budget back to balance by preventing the deficit hole from growing deeper.  I have fought for this principle for years, and want to thank the President, Speaker Pelosi, and the entire Blue Dog Coalition for their tireless efforts to once again give PAYGO the force of law.”
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