Monday, October 4, 2010

Issue #1 Spending What We Can Afford

In 2007 Congress passed a pay as you go budgeting measure. This is called Paygo, allows spending reduction elswhere so that tax cuts and the fluxuation of entitlement spending will not offset the budget. Supportives approve of paygo because it eliminates wasteful spending and the collection of unpaid taxes. It also allows Congress to be able to raise enough funds to pay for the latest initiatives, and not go deeper into debt. Anti-supporters believe that paygo will only cause more tax increases, which will hurt America as a whole.
I think that using the paygo method is a good idea because it reduces the amount of wasteful spending of money. I do think though that Congress needs to figure out more serious options that will help get the U.S. out of debt. The U.S. is so far in debt that measures such as Paygo won't even put a dent in the money that the U.S. owes. One major supporter of the Paygo program is President Barack Obama, who put the budget rules in place.
Other different budget issues-
Issue #2 Spending what we can afford
Issue #3 Social Insecurity

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