Hello, Pay-Go

THE HOUSE and Senate have now passed budget plans for next year. First the good news: The resolutions enshrine "pay-go," which is a procedural impediment to additional deficit spending. Pay-go means that more spending on things such as entitlement programs or tax cuts will have to be offset by either tax increases or spending cuts elsewhere. It's an eminently responsible idea that should force Congress to make some tough but needed choices as it allocates cash over the coming months.
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