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. 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.
Today,Aug.31,2011 President Obama spoke in the rose garden regarding a Jobs Bill that he will release in Sept. As usual, no questions were taken from the audience. Although he didn't mention that later in the day he was planning to speak to a joint session of Congress on Sept.7,2011 at 8:00 PM. His administration released a press notice some 15 minutes after the announcement on the cable news channels. Later in the day Speaker Boehner sent President Obama a letter requesting him to change the date to Sept.8,2011. The Speaker of the House was not notified of the President's request prior to the announcement. Another sad event by the President.
Simply put ,it appears that Obama’s actions are just the opposite of calling for civility and cooperation of the parties.
NOTE that Sept.7th at 8:00pm is the Republican party's Presidential debate that was scheduled many months ago.
Who is looking for political points? The Obama campaign getting ready for the campaign.
KEEP IN MIND THE PAY-GO LAW
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