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What is the Pay-Go law and how will the law effect the super committee's decisions on Federal spend

2/13/10 2:04 PM EST 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. Under the PAYGO rules a new proposal must either be "budget neutral" or offset with savings derived from existing funds.[1] The goal of this is to require those in control of the budget to engage in the diligence of prioritizing expenses and exercising fiscal restraint.


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