Senator Barbara Boxer on President Obama's PAYGO Proposal
By admin - Posted on June 10th, 2009
June 9, 2009 -- Washington, D.C. – U.S. Senator Barbara Boxer (D-CA) today applauded President Obama’s decision to submit a proposal to Congress to reinstate “pay-as-you-go” budget rules.
Senator Boxer said, “When PAYGO was in place during the Clinton Administration, Democrats in Congress balanced the federal budget and created a surplus. When the rule was ignored under President Bush and the Republican Congress, the result was record deficits and debt. Reinstating this common sense principle is long overdue—it will help us maintain fiscal discipline while we continue the hard work of rebuilding America’s economy.”
Senator Boxer is a longtime cosponsor of PAYGO legislation, including the Fiscal Responsibility Act of 2009 (S.10), which would reinstate pay-as-you-go rules and help block measures that increase the deficit.
Source: Senator Barbara Boxer
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