PAYGO (Pay as you Go) Reinstated by Obama Administration is Smart Move

by John on February 19, 2010

President Obama reinstated the PAYGO law whereby Congress can only finance expenditures with funds that are actually available, rather than borrowed. This is an excellent tactic for reducing debt as experienced in the 1990′s.

Citizens are responsible for balancing a budget, and so should our government. Watch the video below and let me know your thoughts in the comments.

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John

John officially launched TheChristianDollar.com on January 1st, 2010 with the intention to provide an excellent financial resource for biblically-minded individuals and families. Influenced heavily by Dave Ramsey, John started researching how he might better handle his money and help others in the process. John enjoys reading, writing, playing with gadgets, and spending time with his wife Courtney.

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Tagged as: administration, budget, government, law, obama, pay as you go, PAYGO

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