oreo
Gold Member
"CBS News: “But briefing reporters, White House Budget Director Peter Orszag conceded some of PAYGO’s limitations. It doesn’t cover discretionary spending. In addition, about 40 percent of the federal budget, programs for education, energy, the military, etc., would not be covered by PAYGO … As for existing deficits and the National Debt, which today stands at an all-time high of $11.39 trillion, PAYGO has no effect, other than to slow its growth by restraining some government spending.” – (“Would PAYGO Really Limit Spending [sic],” June 9, 2009)"
Is it just me or do rational people, wanting to balance their budgets, either reduce spending or increase revenues or a combination of both? I guess this fiasco offers further evidence that Washington is full of irrational people, since apparently our politicians think they can reduce the deficit by the sheer power of their bullshit.
This is what happens when a bunch of lawyers run the Government...
DITTO--I have been saying that for years.