…because I’m an economist and a mom–that’s why!

Just How Meaningful Is PAYGO?

June 24th, 2009 . by economistmom

Stan Collender argued earlier this week that the debate over statutory PAYGO is “totally theoretical, having little to do with reality, completely premature, and largely irrelevant.”  He called it a “condiment” (and not the “main ingredient”) in the federal budget process.  But with all the exemptions in the President’s proposal for statutory PAYGO, maybe it’s the equivalent of only a watered-down, store-brand ketchup–far from the “bite” of a wasabi mustard, if you know what I mean.

On Thursday we’ll get to ponder this question further, when the Obama Administration’s budget director, Peter Orszag, testifies before the House Budget Committee.

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