Current Issue Blog

Spending what we can afford is a major topic being discussed in our national government at this time and age. Many issues are spread across the sheet, this sticks out the most for me. "Paygo" a rule congress thought up in 2007 requires that any tax cuts or increases in entitlement spending be offset with spending reductions elsewhere. This means exactly what the title says. However much money we have to spend, thats all we can use no more. It is unsure whether this would be the right way to go because they say it will only cause tax increases to pay for new programs. On the other hand many agree with this idea because they say it will stop the national debt from going up, or better yet start to decrease it. Alot of people are afraid it will only cost most to make this happen, but congress believes they can do it without increasing the national debt, and the program has the mobility to be suspended in times of recession or crisis. Social Security, and Medicare for example are two programs we have right now we are running out of money for. Programs like these do help the American people greatly that is why we need money for them. It is said that by 2017 the government will be spending more money for these programs than they are recieving from taxes meaning the debt will keep going up. With pay go we will be able to limit the programs use to people that really need them, and in turn not spend more than we have.

I believe pay go would have a fantastic outcome for us. I dont see how it would have a negative effect except for limiting the people taking advantage of benefits they dont actually need. Which would actually be wonderful. There is no reason why our social security should be running out if all citizens over 18 pay taxes. Our government needs to tighten up on those people using programs they have no use for. If people thought about others for once rather than just themselves we would be much better off, Civic Virtue. Pay go would be a great add on to our counry. It would have only positive effects. Take a look at a smaller idea. People who dont use credit cards for example and stay out of debt by only spending what they earn are in much better condition than people in debt. I know people like this and that is why i can say they dont have financial problems, atleast from debt. That is why pay go would be great. People (especially Americans) need to realize by spending no more than what you have life would be so much easier. Jim Hightower, generally has the same opinion I do when it comes to lowering the national debt. What better way than use Pay go to limit government spending and only put the money where it is truly needed. JIM HIGHTOWER. HALLEY THUL current event article on social security/ Jon Schwegal blog warfare spending.