PAY-GO LAW ,President Obama and Congress where does the money come from ?

  1. JON EWALL profile image73
    JON EWALLposted 6 years ago

    PAY-GO LAW ,President Obama and Congress where does the money come from ?

    On 2/13/10,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. The PAYGO compels NEW spending or tax changes to not add to the  federal deficit. Under
    the PAYGO rules a new proposal must either be "budget neutral"
    or offset with savings derived from existing funds.
    CONGRESS needs to follow the law.

  2. joer4x4 profile image77
    joer4x4posted 6 years ago

    It's a sham. The Fed has to keep printing money to keep up with the spending. With tax revenue down there is no way to keep up the demand. The information on the Fed's site alone does not add up.

    The Fed just transferred money over to the EU to delay the inevitable and now they're offering to buy every Chevy Volt GM made in addition to buying back GM stock.

    Above all politicians will not bite the hand that feeds them so they keep the corruption going. This is why the super committee failed.

    Politicians have not obeyed they law for many years because it does not benefit them or their cohorts. And with all the deals in place politicians are over their heads in debt. But they don't have to pay for it - we do!