Sunday, October 3, 2010

Spending What we can afford


Congress passed the Pay-As-You-Go Budgeting Measure in 2007 because they were worried about the rising Budget deficit. The Pay-As-Ypu-Go Budgeting Measure will help decrease the defficite because what they spend they can afford. The measure says that if they are starting a deficit that they need to either drop programs to get more money or not spend the money on thoughs things that are putting them under. The rule "payGo" requires tax cuts or and increase in entitlement spending. It is pretty much the amount of meney that we have for any one person in medicare, welfare, etc.

I agree with this pay-as-you-go budgeting measure because the us is going way to far into debt. With this plan it will help us stay at the same debt or reduce it a little bit. When i am old if the debt keeps going like it is it will be impossible to do anything and our economy will be so messed up that there will be no recovery. Now is when something has to be done. The us senate agrees with me on this measure.

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