SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Politics : President Barack Obama
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: ChinuSFO who wrote (68930)1/28/2010 1:20:25 PM
From: Mac Con Ulaidh  Read Replies (1) of 149317
 
I think this vote is more telling:

Senate passes pay-go rule on party-line vote
By Michael O'Brien - 01/28/10 11:58 AM ET

The Senate voted along party lines on Thursday to adopt statutory pay-go rules in a party-lines vote.

60 Democratic senators voted to adopt the pay-go measure (short for "pay-as-you-go"), which would require that new spending measures be offset in the budget by other funds, typically raised through tax increases or cuts to spending.

Republicans have said that by installing the rule, pay-go would become an excuse for tax hikes, since spending cuts are frequently unpopular.

All Democrats voted for the measure, and all 40 Republicans voted against it. The House adopted such a rule in a 265-166 vote last July.

President Barack Obama urged senators to move forward with the new rule in his State of the Union address on Wednesday night.

"When the vote comes tomorrow, the Senate should restore the pay-as-you-go law that was a big reason for why we had record surpluses in the 1990s," he said.

Obama's remarks came within the context of a broader effort toward deficit reduction, in addition to a three-year freeze on non-defense discretionary spending, and a commission on deficit reduction established by executive order.

thehill.com
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News