Fiscal Policy
The new Democratic-led Congress has passed so-called pay-as-you-go (PAYGO) rules that require new spending or new tax-cut legislation to be approved by a 3/5 majority, if the Federal budget deficit is projected to increase because of it. Pay-as-you-go, however, is a misnomer. The Federal budget will continue to increase on autopilot under the House’s version…
There are a few gaps that need to be filled in Mark Arsenault‘s Republican Senate debate follow-up article appearing in today’s Projo. The article contrasts the positions of Senator Lincoln Chafee and Mayor Steve Laffey on the issues of taxes and spending. 1. Though Arsenault’s description of the PAYGO rule supported by Senator Chafee regarding…