And you and I may see it as fine now, but my point is that it's a near certainty that Congress will start seeing it as "not so fine" at some point over the next 20 years.I find the prospect of a non-inflation adjusted surtax on higher incomes to be fine.
The current incarnation of Paygo is an absolute joke.The Medicare cuts are a problem. However, I believe that some form of Paygo will pass the Senate (ala Ryan and Feingold's proposals), and any fixes will be paid for when passed.
[ame=http://en.wikipedia.org/wiki/PAYGO]PAYGO - Wikipedia, the free encyclopedia[/ame]The PAYGO system was reestablished as a standing rule of the House of Representatives (Clause 10 of Rule XXI) on January 4, 2007 by the 110th Congress
Less than one year later though, facing widespread demand to ease looming tax burdens caused by the Alternative Minimum Tax, Congress abandoned its pay-go pledge. The point of order was also waived for the Economic Stimulus Act of 2008 which included revenue reducing provisions and increases in spending that increased the deficit, which paygo was designed to prevent. It was again waived in May 2008, upon the consideration of the 2007 U.S. Farm Bill by the House of Representatives.