Page 1 of 3 123 LastLast
Results 1 to 10 of 28

Thread: Obama proposes making 'pay-as-you-go' the law

  1. #1
    Banned
    Join Date
    Jun 2006
    Last Seen
    08-29-17 @ 09:28 AM
    Gender
    Lean
    Libertarian - Left
    Posts
    16,575

    Obama proposes making 'pay-as-you-go' the law

    WASHINGTON (CNN) -- President Obama on Tuesday proposed making "pay-as-you-go" rules for federal spending into law.

    The so-called PAYGO proposal requires Congress to balance any increased spending by equal savings elsewhere, Obama said in announcing the measure that now goes to Congress.

    A previous PAYGO mandate helped erase federal budget deficits in the 1990s, and subsequent ineffective rules contributed to the current budget deficits, Obama said. Now the PAYGO rules should be the law, he said.

    "Paying for what you spend is basic common sense," Obama said. "Perhaps that's why, here in Washington, it's been so elusive."

    Republican leaders said the proposal comes after record spending initiatives by the Obama administration, such as the $787 billion economic
    Obama proposes making 'pay-as-you-go' the law - CNN.com

    Now, as much as I agree with this plan, It is hypocritical for a President like Obama who oked the spending of TRILLIONS of dollars to suggest such a plan NOW.

    I agree with it, and actually hope it passes, but it is hypocritical at this point.

  2. #2
    Sage
    Oftencold's Avatar
    Join Date
    Dec 2008
    Location
    A small village in Alaska
    Last Seen
    05-09-14 @ 12:53 AM
    Gender
    Lean
    Very Conservative
    Posts
    5,044

    Re: Obama proposes making 'pay-as-you-go' the law

    This is analogous to having the Roman Empress Messalina announcing that she was a proponent of chastity and marital fidelity.
    Quod scripsi, scripsi

  3. #3
    Count Smackula
    rathi's Avatar
    Join Date
    Oct 2006
    Location
    California
    Last Seen
    10-31-15 @ 10:29 PM
    Gender
    Lean
    Independent
    Posts
    7,890

    Re: Obama proposes making 'pay-as-you-go' the law

    If Obama actually got it passed, I would be willing to overlook the massive hypocrisy. I would invite Dan Quayle to be president if he could actually get a balanced budget. If a it take a slimy weasel to do thing right thing, I will take what I can get.

  4. #4
    Banned
    Join Date
    Jun 2006
    Last Seen
    08-29-17 @ 09:28 AM
    Gender
    Lean
    Libertarian - Left
    Posts
    16,575

    Re: Obama proposes making 'pay-as-you-go' the law

    Quote Originally Posted by rathi View Post
    If Obama actually got it passed, I would be willing to overlook the massive hypocrisy. I would invite Dan Quayle to be president if he could actually get a balanced budget. If a it take a slimy weasel to do thing right thing, I will take what I can get.
    Like I said, I hope it passes and I support it, but if it passes it scores no points with me for Obama.

    He should have done this from the start.

  5. #5
    Conservative Independent
    DarkWizard12's Avatar
    Join Date
    Sep 2007
    Location
    Tyler TX
    Last Seen
    12-09-17 @ 07:45 PM
    Gender
    Lean
    Independent
    Posts
    7,555

    Re: Obama proposes making 'pay-as-you-go' the law

    Quote Originally Posted by TheNextEra View Post
    Like I said, I hope it passes and I support it, but if it passes it scores no points with me for Obama.

    He should have done this from the start.
    yea, really. Why didn't he do this BEFORE the $Trillion bailouts? I don't see this as hypocritical, but fishy.....I'd like to see what the actual bill says.

  6. #6
    Ayatollah of Rock n Rolla
    SgtRock's Avatar
    Join Date
    Feb 2007
    Location
    Deep in the Heart of Texas
    Last Seen
    11-27-17 @ 08:27 PM
    Gender
    Lean
    Conservative
    Posts
    7,006

    Re: Obama proposes making 'pay-as-you-go' the law

    Paygo = We pay and they go on spending like drunkin sailors.
    When America is strong the world is calm, When America is weak tyrants and terrorist slaughter the meek. ~ SgtRock

  7. #7
    Banned
    Join Date
    Jun 2006
    Last Seen
    08-29-17 @ 09:28 AM
    Gender
    Lean
    Libertarian - Left
    Posts
    16,575

    Re: Obama proposes making 'pay-as-you-go' the law

    Quote Originally Posted by DarkWizard12 View Post
    yea, really. Why didn't he do this BEFORE the $Trillion bailouts? I don't see this as hypocritical, but fishy.....I'd like to see what the actual bill says.
    I see this as hypocritical, because of the way he OKed the spendature of HIS money that he agreed with, but now asks for a pay as you go.

    I think that is a fair analysis.

  8. #8
    Student 7thKeeper's Avatar
    Join Date
    Jul 2006
    Last Seen
    07-23-11 @ 01:08 PM
    Gender
    Lean
    Centrist
    Posts
    158

    Re: Obama proposes making 'pay-as-you-go' the law

    Quote Originally Posted by TheNextEra View Post
    I see this as hypocritical, because of the way he OKed the spendature of HIS money that he agreed with, but now asks for a pay as you go.

    I think that is a fair analysis.
    While there's an inkling of truth to that, I don't think it's completely fair. Short term spending was required to try and get the economy kick started (That is, if you accept that it did and aren't of the opinion that spending wasn't needed) and considering the nature and amount of spending, pay-as-you-go would have been impossible to implement in practice in that case. I do agree it that smells of hypocrisy, if you don't take the view point that the spending was a short-term solution and pay-as-you-go is intended as a long-term one.
    ...we honor leaders for what they achieve, but we often prefer to close our eyes to the way they achieve it...

    In the real world, politics is compromise and democracy is politics. Anyone who would be a statesman has to be a successful politician first. Also, a leader has to deal with people and nations as they are, not as they should be. As a result, the qualities required for leadership are not necessary those that we would want our children to emulate - unless we wanted them to be leaders.

  9. #9
    Sage

    Join Date
    Oct 2007
    Location
    New York
    Last Seen
    11-28-17 @ 04:47 PM
    Gender
    Lean
    Centrist
    Posts
    11,690

    Re: Obama proposes making 'pay-as-you-go' the law

    Quote Originally Posted by TheNextEra View Post
    Obama proposes making 'pay-as-you-go' the law - CNN.com

    Now, as much as I agree with this plan, It is hypocritical for a President like Obama who oked the spending of TRILLIONS of dollars to suggest such a plan NOW.

    I agree with it, and actually hope it passes, but it is hypocritical at this point.
    While the decision might appear contradictory on the surface, it is still a constructive step for the future, and I believe that's far more important than perceptions. Fiscal discipline needs to begin to be restored sooner rather than later. The Bush Administration should never have allowed the Budget Enforcement Act (with its pay-as-you-go rules) to expire.

    With respect to the stimulus spending, pay-as-you-go rules would not have precluded it. In the past, the rules contained three exceptions: (1) national emergency; (2) war; (3) recession.

    Of course, should the pay-as-you-go rules be restored, that is only part of the solution. Much more, particularly mandatory spending reform, will need to be done in order to eliminate the nation's structural deficits and to begin reducing its overall debt in the future.

  10. #10
    User
    Join Date
    Jun 2009
    Last Seen
    06-15-09 @ 09:23 PM
    Gender
    Lean
    Moderate
    Posts
    3

    Re: Obama proposes making 'pay-as-you-go' the law

    I think this is a great idea to get back to. We had pay as you go years ago. Maybe now the bills coming out of congress won't be filled with so much pork! Remember our President is letting congress be "responsible", he is not writing the bills to be passed. I agree with this process, if we don't like what our congressmen are doing we should fire them. If we are not willing to be responsible, why should they...there is no consequence.
    I think we need to get back to being responsible, I teach my kids; the more you blame, the more excuses you have and the less responsibility you take. We need to stop fighting and start fixing. We as Americans did this, we allowed this to continue for too long, now it is time to pony up and pay the consequences. How did we come so far as to believe we are all deserving no matter what our behavior? Wouldn't a child be reprimanded for this.... (maybe not, it might hurt their feelings)

Page 1 of 3 123 LastLast

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •