PAYGO

I really like the recent Obama challange to congress to have a PayGo budget. That just makes more sense. This PAYGO would basically mean that congress would need to create a budgett that could only be spent if the money was there. This would effectively balance the budget. This makes sense to me. This was also used in the 90's and it helped to balance the budget.

My confusion comes from the previous Obama money pushes. The budget deficit has exploded to 1.8 trillion. This is four times higher than the previous record deficit. Obama acknowledged: "Entitlement increases and tax cuts need to be paid for, they're not free, and borrowing to finance them is not a sustainable long-term policy." We as tax payers have bailed out the banks, auto makers, and the are paying for the $787 billion dollar stimus package. Our government is creating a budget problem that our future generations are going to be paying for. Our deficit alone costs every man, woman, and child US citizen $6,000 a piece. How can this President support PayGo when he has championed so many opposite programs. This seems more to me like a statement used for politcal purposes and not based in his own world of reality.