Looks like some work on the deficit will finally take place despite the negative effects:
"Democratic budget hawks, especially the moderate-to-conservative "Blue Dogs," say that restoring the rule is crucial to curbing the budget deficit. Various forms of PAYGO were in place from 1990-2002, however, and Congress often found ways around it."
"If strictly enforced, the PAYGO rule would make it difficult for Democrats to pass increases in federal benefit programs such as Medicare. In the near term, it would mean Democrats' bill to cut student loan rates will be less generous than they'd like. The rule would also threaten efforts to extend Bush's tax cuts, most of which expire at the end of 2010."
http://www.cnn.com/2007/POLITICS/01/05/congress.rdp.ap/index.html
Bush will finally be told NO!
"Democratic congressional leaders have signaled that any plan to send more U.S. troops to Iraq may not be supported on Capitol Hill."
All in all, not a bad start.
Go Pelosi!
"Democratic budget hawks, especially the moderate-to-conservative "Blue Dogs," say that restoring the rule is crucial to curbing the budget deficit. Various forms of PAYGO were in place from 1990-2002, however, and Congress often found ways around it."
"If strictly enforced, the PAYGO rule would make it difficult for Democrats to pass increases in federal benefit programs such as Medicare. In the near term, it would mean Democrats' bill to cut student loan rates will be less generous than they'd like. The rule would also threaten efforts to extend Bush's tax cuts, most of which expire at the end of 2010."
http://www.cnn.com/2007/POLITICS/01/05/congress.rdp.ap/index.html
Bush will finally be told NO!
"Democratic congressional leaders have signaled that any plan to send more U.S. troops to Iraq may not be supported on Capitol Hill."
All in all, not a bad start.
Go Pelosi!
relevant.......
