Monday, October 4, 2010

-Spending What We Can Afford

The government will spend more than $2.9 trillion on programs and tons of agencies each year. The national debt has gotten out of control with the deficit spending. National deficit has been normal for the government to do for many years now but till now it hasn't been that much of a problem. To attempt to help, congress in 2007 passed pay-as-you-go plan (Paygo). This insures that if increased spending occurs in one program, then it will decreased spending in another. Thus causing equal spending allowances. Although this sounds like a good plan it would cause a increase in taxes. The Us treasury needs to watch out where they are using our money.



This pay as you go plan can help with the government stop spending money we don't have. Money that generations and generations are going to be paying off. Our taxes are going to be increased dramatically by next year. Obama announced "Paying for what you spend is basic common sense." Then why are we in so much debt? I think only buy what we can afford is a better logo. This paygo will cause there to be less earmarks.

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