Understanding Complex Budget Terms and Processes: What is PAYGO?
PAYGO is a budget enforcement mechanism intended to prevent passage of legislation that increases deficits.
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PAYGO is a budget enforcement mechanism intended to prevent passage of legislation that increases deficits.
CBO projects that federal debt will remain at historically high levels over the next decade under current laws and warns that such high levels of debt could harm the economy.
https://www.pgpf.org/analysis/cbo-warns-deficit-drop-is-temporary
Budget Explainer: What's at Stake with Discretionary Spending Cuts
https://www.pgpf.org/budget-basics/budget-explainer-whats-at-stake-with-discretionary-spending-cuts
The Peter G. Peterson Foundation releases a statement on the Fiscal Commission.
There are separate limits on the amount of funding that can be provided for defense and nondefense purposes through the appropriation process.
https://www.pgpf.org/blog/2018/03/budget-process-reform-what-are-budget-caps
Every month the U.S. Treasury releases data on the federal budget, including the current deficit. Here is the data for November 2020.
https://www.pgpf.org/the-current-federal-budget-deficit/budget-deficit-november-2020
Seven in ten voters from across the political spectrum say the record national debt will be an important factor in their vote in next week's Midterm Elections.
Every month the U.S. Treasury releases data on the federal budget, including the current deficit. Here is the data for October 2020.
https://www.pgpf.org/the-current-federal-budget-deficit/budget-deficit-october-2020
According to the Joint Committee on Taxation, the provisions in this agreement will add $857.8 billion to the deficit by 2020.
https://www.pgpf.org/analysis/2010/12/compromise-tax-framework-agreement
79% agree that a presidential candidate from their party should make the debt one of the top 3 priorities of his or her campaign.
https://www.pgpf.org/blog/2016/03/poll-voters-want-candidates-to-address-national-debt