June 09,2009
Grassley: Pay-go is Cover for More Spending, Despite Calls for Fiscal Discipline
Sen. Chuck Grassley, ranking member of the Committee on Finance and a senior member of the Budget Committee, today made the following comment on the President’s call for a return to statutory pay-as-you-go, or “pay-go,” requirements.
“In theory ‘pay-go’ sounds like a reasonable policy, but in practice it’s been a failure. When statutory pay-go was in effect in the 1990s, most programs were exempt, and Congress consistently voted to waive the required spending cuts. This proposal is simply a fig leaf to appease those who say they support fiscal discipline but continue to vote for more spending.”
###
Next Article Previous Article
Recent News
- Wyden Statement on Senate Floor on Amendment to COVID-19 Relief Package to Raise the Minimum Wage
- Wyden Statement at Finance Committee Business Meeting on the Nominations of Xavier Becerra for HHS, Katherine Tai for USTR and Wally Adeyemo for Treasury
- Senate Democrats Push White House to Tie Relief Payments, Jobless Benefits to Economic Conditions in Build Back Better Plan
- Wyden Statement on Minimum Wage “Plan B”
- Wyden Statement on Efforts to Raise the Minimum Wage
