Last week, David Broder offered his opinion that there is less than meets the eye to the Democrats' "pay-go bill."
The Congressional Budget Office, the official scorekeeper, in a July 14 memo warned that, as introduced, it might actually allow spending to increase -- and by a staggering amount.
In today's paper, Rep. Dennis Cardoza, D-Merced, a member of the fiscally conservative, moderate Blue Dog Coalition, refutes Broder's position.
Some critics have attempted to claim that this bill would allow for trillions in new spending to be added to the national debt. They are either purposefully misleading the public, or have just not done their homework.
What do you think about the proposal?
If we now adopt pay-go and we are being told we are pulling out of the recession/depression...then the only responsible thing to do is put a "Stop Check" on the billions of unspent "Stimulus" dollars so as not to burden future generations unnecessarily.That won't happen because the whole damn world is going "Nuts"...at warp speed and we're gonna end up like a bunch o9f cows in a corral.
I have been a pay-go person for many years. This recession doesn't bother me.