Hoyer: Democrats Back Pay-As-You-Go Rule Reinstatement
During a meeting with reporters, House Majority Leader Steny Hoyer (D-Md.) expressed his party’s commitment to reinstating a pay-as-you-go policy that would require Congress to offset spending by cutting an equal amount of funding elsewhere.
Hoyer described PAYGO as a vital tool for rebalancing the U.S. budget.
“The speaker and I met with President last week. One of the points he made which I strongly agree is that pursuing fiscal responsibility and balance is one of our most important objectives,” said Hoyer.
Hoyer said that he plans on introducing the legislation that would reinstate PAYGO sometime next week.
PAYGO was effectuated in the 1990s, but ended in the early days of the George W. Bush administration. Hoyer blamed Republicans for ending the policy in order to afford tax cuts for the wealthy that occured during Bush’s two terms.
Latest Audio
Happening Now - TRNS on Twitter
- @bobney: "Cong. Space's arm could be heard twisting" Health Care Whip Count Live Updates: Will Reform Bill Have The Votes? http://shar.es/mfmF0 -- 23 hours ago
- @bobney: According to Cong. Rahall "They want a "commitment to act later" whatever the hell that is" @EmilyMillerDC -- 23 hours ago
- @PoliticalBrief: News and notes from inside and around the White House, Capitol Hill, the Pentagon… http://goo.gl/fb/87HT #PolitBrief -- March 19, 2010 12:51:32
- @PoliticalBrief: Spring is upon us, which means it's time for the green-thumbed to get out in their… http://goo.gl/fb/2zUC #PolitBrief -- March 19, 2010 12:51:31
- @PoliticalBrief: Wall Street Journal: Deal Near on Gitmo, Detainee Trials — The White House is… http://goo.gl/fb/vzxG #PolitBrief -- March 19, 2010 12:51:30
- @PoliticalBrief: AP - The nation's largest association of doctors and the AARP senior citizens… http://goo.gl/fb/NGcE #PolitBrief -- March 19, 2010 12:51:29
- @PoliticalBrief: Reuters - Hispanics, frustrated that President Barack Obama has yet to fulfill a… http://goo.gl/fb/j06v #PolitBrief -- March 19, 2010 12:51:27
- @PoliticalBrief: Obama health care rally in Virginia. Watch. News and notes from inside and around… http://goo.gl/fb/b2sF #PolitBrief -- March 19, 2010 12:07:30
- @PoliticalBrief: Rep. John Boccieri (D-OH) switches from no to yes on health care reform. News and… http://goo.gl/fb/4vqJ #PolitBrief -- March 19, 2010 12:07:29
- @PoliticalBrief: Reporting on big votes like the health care bill in the House can quickly get… http://goo.gl/fb/7nMg #PolitBrief -- March 19, 2010 12:07:28




