10/14/2004
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“Paygo,” is a budgeting rule requiring any revenue lost as the result of a tax cut, or spent through the enactment of new entitlement programs, to be paid for either by raising other federal taxes or reducing other federal entitlement spending.
PayGo directly affects all of us and indirectly (through the consumer) affects the economy.
Check this out.
http://www.heritage.org/Research/Budget/wm489.cfm
I’ll educate myself thank you very much!
Comment by Self-Educated — 10/22/2004 @ 9:42 am
Ok, I might agree that PAYGO is abbreviation used by the house and senate, but you’re going to have to provide a less partisan link than the heritage foundation. Maybe http://www.house.gov/rules/98-20006.htm would be a good starting point.
Comment by Jay — 10/22/2004 @ 11:49 am