[Congressional Record (Bound Edition), Volume 156 (2010), Part 1]
[House]
[Page 1079]
[From the U.S. Government Publishing Office, www.gpo.gov]




              PAYGO: EFFECTIVE TOOL FOR ADDRESSING DEFICIT

  (Ms. WATSON asked and was given permission to address the House for 1 
minute.)
  Ms. WATSON. Mr. Speaker, we're going to be taking up PAYGO. It is an 
effective tool for addressing the deficit. It will strengthen fiscal 
responsibility.
  Now, what does the legislation do? It requires that all new policies 
reducing revenues or increasing entitlement spending be offset over 
between 5 and 10 years. It ensures that we can afford to fund America's 
most important priorities such as education, clean energy, health care 
for future generations. It will force advocates of tax cuts to 
acknowledge their costs and show how they would pay for them. It would 
force a serious examination of wasteful subsidies in the budget and tax 
loopholes that can be eliminated to offset new worthwhile programs.
  Mr. Speaker, I hope that Republicans and Democrats will join us this 
week in supporting this proven tool for fiscal responsibility.

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