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Joint Statement on the Need for Pay-As-You-Go Discipline

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The four organizations joining in this statement have warned that large, chronic budget deficits pose a threat to the economic health of our nation.  For that reason, we strongly support current efforts to reestablish and comply with pay-as-you-go discipline in the Congressional budget process, which would establish hurdles that make it more difficult to enact fiscally irresponsible policies.  This week the Senate is considering a budget resolution that would reinstate a pay-as-you-go rule in the Senate that would require any expansion  in mandatory programs  or any tax cut — including initiatives assumed in reserve funds — to be paid for with reductions in other mandatory spending or increases in other taxes.  Next week the House — which adopted a pay-as-you-go rule in January — will consider a budget resolution that also assumes all proposed initiatives will be paid for as required by the pay-as-you-go rule.  We urge support for these measures and opposition to efforts to amend the resolutions and undermine pay-as-you-go by allowing certain initiatives — popular program expansions or tax cuts — to be enacted without being offset.