pay-as-you-go "is the principle that helped transform large deficits into surpluses in the 1990s."
pay-as-you-go "is the principle that helped transform large deficits into surpluses in the 1990s."
barack obama
jan 27, 2010 ... this is the principle that guides responsible families managing a budget. this is  the principle that helped transform large deficits into surpluses in the 1990s." we  wondered then, and now, whether he was correct about the role of 'pay as you go ' -- or paygo -- in balancing the federal budget in the 1990s.
aug 29, 2017 ... three important budget concepts related to government borrowing are deficits (or  surpluses), debt, and interest. for any given year, the federal budget deficit is the  amount of money the federal government spends minus the amount of money it  takes in. the deficit drives the amount of money the ...
dec 20, 2012 ... he has said that paygo "is the principle that helped transform large deficits into  surpluses in the 1990s" (a claim we found to be half true) and he wants the rule  to be strengthened into a law. "we need to adhere to the basic principle that new  tax or entitlement policies should be paid for," he said in his ...
wrong decisions in the 1980s condemned the nation to a decade of high deficits;  right ones in the 1990s have liberated it from past budgetary misdeeds. ....  spending growth in entitlements was held down during the 1990s by the bea  pay-as-you-go rule requiring legislated increases in these programs to be offset  by cuts in ...
feb 10, 2010 ... president barack obama has often praised paygo, though politifact ruled that  his april 2009 claim that paygo "helped transform large deficits into surpluses in  the 1990s" was an exaggeration and half true. more recently, house speaker  nancy pelosi, d-calif., made a point of praising paygo.