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http://en.wikipedia.org/wiki/PAYGO

http://www.politico.com/news/stories/0210/32921.html
President Barack Obama is hailing pay-as-you-go budget legislation he signed Friday night as one in a series of crucial steps needed to snap Washington out of a destructive pattern of overspending.


“Now, Congress will have to pay for what it spends, just like everybody else,” Obama said in his radio and Internet address released Saturday morning. “After a decade of profligacy, the American people are tired of politicians who talk the talk but don’t walk the walk when it comes to fiscal responsibility. It’s easy to get up in front of the cameras and rant against exploding deficits. What’s hard is actually getting deficits under control. But that’s what we must do.” Obama Feb/2010 :rolleyes:


Summary of Obama's agreed tax rules:

1. Extend current tax laws for 2 more years.
2. 13 month extension of current unemployment bennies.
3. Death Tax full extension upped to $5 million.
4. 100% write off on all business investments.
5. Soc Sec taxes drop from 6.2% to 4.2%.

Our national debt should be interesting in 2 years.

Will congress sign off on this?
Will congress cut future spending?
Will the markets take off?
 

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God forbid the government would take a serious, hard look at the effectiveness, efficiency of various agencies, programs, commissions, etc.

Unless they can justify their existence, then shut 'em down.
 

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About the only thing I agree with the guy on. Our govt spends money like a gold digger with her sugar daddy's amex black card.
 

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About the only thing I agree with the guy on. Our govt spends money like a gold digger with her sugar daddy's amex black card.
Too bad he's worse than all of them summed.
 
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