ISSUE #2 -Spending What We Can Afford.

In 2007, Congress had passed a pay-as-you-go budgeting system. This system was also known as "paygo," a system that requires tax cuts or increases in entitlement spending to be made up for with spending reductions somewhere else. Whether or not paygo was the right way to go soon became a topic of debate in Congress.
Those who supporte paygo willingly respond to concerns about profligate spending. Concerns about the rising of the national debt and the fears of what type of catastrophe could happen to our economy in the future were answered. Those in support for paygo say that Congress will have to follow the rules that many businesses and families have to follow. That being only spend your money on things you actually have the money for. By taking away the wasteful spending and gathering all unpaid taxes, Congress could have the money for the funds needed to pay for new things and not go farther into debt.
Critics say that paygo is the absolute wrong way to go about reducing deficits. They say that paygo will only increase taxes so new programs can be paid for. Economic growth not budget cuts or increases in tax, should be how the deficits disappear. Opponest of paygo worry that Congress will be unable to decrease the enlargment of the Alternative Minimum Tax.




http://kellimontbriand.blogspot.com/2010/10/issue-1war-dollars.html#more

http://theresasocial.blogspot.com/2010/10/issue-3-social-insecurity.html