WHAT TO MAKE OF PAYGO?
What's the actual impact of making these congressional rules in to law? Since both rules have emergency waivers (designed for situations, like the current recession, where running a deficit is a good idea, but often abused by congress), Horney says that making the rules into law "doesn't make an enormous amount of difference. If you've got the votes to waive the congressional rules, you've probably got the votes to waive the statutory rule. [But] It ... Full Story »
Posted by Dwight Rousu
This is a policy direction for congress to refine and implement. It should not have been dropped by the past congress.