The PAYGO budget rule has been rendered nearly meaningless by both parties. After three full decades of on-again, off-again use, PAYGO has utterly failed to prevent the national debt from ballooning.

Of course, Congress can act to block the Medicare cuts, something it has done in the past. But radical Freedom Caucus ...

PAYGO has already been in place - and ignored - for most of the last two decades. From 1991 through 2002, PAYGO existed as a statute. The White House would keep a running scorecard of all newly ...

Thanks to the fact that they didn't put a PAYGO waiver in their MAGA Murder Bill, cuts could kick in automatically.

President Obama is establishing a reputation for misrepresenting his own policies. He promoted his "stimulus" bill as an immediate, anti-recessionary cash infusion, even though most spending won't ...

In a single year, the plan may exceed PAYGO limits. In addition, about 40 percent of the federal budget, programs for education, energy, the military, etc., would not be covered by PAYGO, said Orszag.

PAYGO, an obscure budget rule that requires Congress to fully pay for new spending, has triggered a rebellion within the House Democratic Caucus. Rep. Ro Khanna and Rep.-elect Alexandria Ocasio ...

In January, the Senate joined the House in passing "pay-as-you-go" rules to require Congress to pay for new discretionary spending. On Feb. 12, President Obama signed the bill. "Now Congress will ...

The PAYGO law was passed in 2010 under Pelosi’s speakership, and it requires tax cuts and mandatory spending increases to offset any hit to the deficit from a bill that passes.

Obama calls for legislation on paygo. Obama Tuesday called for binding legislation that would force a return to pay-as-you-go budgeting rules. By Eamon Javers 06/09/2009 02:22 PM EDT.

It’s how the PAYGO rule works. The CBO has crunched the numbers and said that unless Congress waives PAYGO, Medicare will get hit with a 4% cut every year starting in 2026 , totaling about $500 ...

PAYGO isn’t a magic wand. The jobs it creates might only be in the hundreds and only directly benefit the contractors who repave roads, install flood controls or fix leaking school roofs.