Release Pay Go Jan 2007
This document was uploaded by user and they confirmed that they have the permission to share it. If you are author or own the copyright of this book, please report to us by using this DMCA report form. Report DMCA
Overview
Download & View Release Pay Go Jan 2007 as PDF for free.
More details
- Words: 374
- Pages: 1
PRESS RELEASE COMMITTEE FOR A RESPONSIBLE FEDERAL BUDGET
CO-CHAIRMEN Bill Frenzel Leon Panetta
FOR IMMEDIATE RELEASE January 5, 2007
Contact: Jerry Irvine 301-801-3356 [email protected]
Committee sees PAYGO as a good first step PRESIDENT Maya MacGuineas DIRECTORS Barry Anderson Roy Ash Charles Bowsher Dan Crippen Richard Darman Willis Gradison William Gray, III Ted Halstead Douglas Holtz-Eakin Jim Jones Lou Kerr James Lynn James McIntyre, Jr. David Minge Marne Obernauer, Jr. June O’Neill Rudolph Penner Tim Penny Peter Peterson Robert Reischauer Alice Rivlin Jim Slattery Charles W. Stenholm David Stockman Paul Volcker Carol Cox Wait Joseph Wright, Jr.
WASHINGTON -- The Committee for a Responsible Federal Budget expressed support today for the pay-as-you-go (PAYGO) rule offered as part of the House rules package. Establishing a PAYGO rule is an important first step in establishing fiscal discipline. Highlighting a commitment to PAYGO sets an encouraging tone that the Committee hopes will guide the entire legislative session. Budget rules are meaningful only if there is a commitment to comply with the spirit as well as the letter of the rule. While rules are a useful tool in creating a presumption in favor of fiscal discipline, they are not a substitute for the tough choices that will be necessary. The Committee urges Congress to go much further by convening a budget summit to deal with the specific policy changes that will be needed to improve the short and long-term fiscal picture. The Committee has always supported the budget reforms of the Budget Enforcement Act of 1990, and believes that both statutory PAYGO and caps on discretionary spending should be reinstated. These rules did not always work perfectly, and it may be useful to consider changes to improve the technical workings of PAYGO to make it more effective and balanced. But the rules established by the Budget Enforcement Act made a significant contribution to bringing the deficits under control in the 1990s and we urge Congress to move forward with legislation reinstating these statutory budget rules.
SENIOR ADVISORS Henry Bellmon Elmer Staats Robert Strauss The Committee for a Responsible Federal Budget is a bipartisan organization committed to educating policy makers and the public about issues related to fiscal policy. The Committee is located at the New America Foundation. www.crfb.org.
--30--
CO-CHAIRMEN Bill Frenzel Leon Panetta
FOR IMMEDIATE RELEASE January 5, 2007
Contact: Jerry Irvine 301-801-3356 [email protected]
Committee sees PAYGO as a good first step PRESIDENT Maya MacGuineas DIRECTORS Barry Anderson Roy Ash Charles Bowsher Dan Crippen Richard Darman Willis Gradison William Gray, III Ted Halstead Douglas Holtz-Eakin Jim Jones Lou Kerr James Lynn James McIntyre, Jr. David Minge Marne Obernauer, Jr. June O’Neill Rudolph Penner Tim Penny Peter Peterson Robert Reischauer Alice Rivlin Jim Slattery Charles W. Stenholm David Stockman Paul Volcker Carol Cox Wait Joseph Wright, Jr.
WASHINGTON -- The Committee for a Responsible Federal Budget expressed support today for the pay-as-you-go (PAYGO) rule offered as part of the House rules package. Establishing a PAYGO rule is an important first step in establishing fiscal discipline. Highlighting a commitment to PAYGO sets an encouraging tone that the Committee hopes will guide the entire legislative session. Budget rules are meaningful only if there is a commitment to comply with the spirit as well as the letter of the rule. While rules are a useful tool in creating a presumption in favor of fiscal discipline, they are not a substitute for the tough choices that will be necessary. The Committee urges Congress to go much further by convening a budget summit to deal with the specific policy changes that will be needed to improve the short and long-term fiscal picture. The Committee has always supported the budget reforms of the Budget Enforcement Act of 1990, and believes that both statutory PAYGO and caps on discretionary spending should be reinstated. These rules did not always work perfectly, and it may be useful to consider changes to improve the technical workings of PAYGO to make it more effective and balanced. But the rules established by the Budget Enforcement Act made a significant contribution to bringing the deficits under control in the 1990s and we urge Congress to move forward with legislation reinstating these statutory budget rules.
SENIOR ADVISORS Henry Bellmon Elmer Staats Robert Strauss The Committee for a Responsible Federal Budget is a bipartisan organization committed to educating policy makers and the public about issues related to fiscal policy. The Committee is located at the New America Foundation. www.crfb.org.
--30--
Related Documents
Release Pay Go Jan 2007
May 2020 3
Release Pay Go Rule
May 2020 5
Pay Go Release 31604
May 2020 3
Release Stick To Pay Go July 2007
May 2020 2
Release To Maintain Pay Go
May 2020 4