PAYGO returns as Obama seeks deficit curb in Congress
President Obama urges Congress to enact PAYGO rules to prevent further deficit growth. PAYGO, used in the 1990s to balance the budget, requires new spending or tax cuts to be offset by spending cuts or tax increases elsewhere. Both houses have adopted PAYGO with varying strictness and waiver options.
MENTIONED IN THIS ARTICLE
Obama
Congress
Clinton White House
Republican Congress
George W. Bush
House
Senate
Obama's PAYGO plan faces gaps and big exceptions
The Obama plan aims to apply PAYGO to new health care reform but excludes discretionary spending and many entitlements. It leaves tax cuts and AMT patches intact and may not curb deficits, with experts estimating exemptions could add trillions over a decade. The report notes the broader bailout spending already in play and suggests cautious deficit awareness from the White House budget chief.
MENTIONED IN THIS ARTICLE
Congress
NASA
Obama
Bush
White House
Peter Orszag
Committee For A Responsible Federal
Scripps Howard News Service
Auto dealers aided by history fall to the GM and Chrysler shakeout
The piece argues that postwar auto dealers helped hollow out the industry by embracing loss-leading Japanese imports and undercutting quality. It claims bankers’ bankruptcy terms seal many dealers’ fate as decades of wrong choices and greed culminate in a near extinction scenario for American dealers. It notes how Japanese cars gained a nationwide system, challenging American brands and dealers who stuck with them amid rising costs and declining quality.
MENTIONED IN THIS ARTICLE
U.S
Ford
Chrysler
United States
Chevrolet
Dodge
What would Machiavelli Say About America Today
A column argues Machiavelli would view U S debt and corruption as signs of weakness and decline. It notes his preference for change over comfort and suggests today’s political culture risks stagnation without dissenting voices. The piece questions whether critics can prevail.
MENTIONED IN THIS ARTICLE
Plato
Thomas Hobbes
Machiavelli
Niccolo Machiavelli
the Prince
America
School board conduct criticized in New Castle district
Philip P. Conti, a New Castle Area School Board member, urges voters to oust incumbents including Allan Joseph after a May 12 letter by Barbara Razano accusing bullying tactics. Conti calls for resignation and notes Joseph's actions harmed the board's reputation, urging turnout on November 10 to change the district.
MENTIONED IN THIS ARTICLE
the News
Barbara Razzano
Razzano
New Castle Area
Allan Joseph
Joseph
Philip P. Conti
Also Mentioned on This Page
General Motors
Dan Thomasson
Detroit
Mitchel Olszar
Aceditor Nenewsonline
the New Castle News
New Castle
Dan Irwin
Mitchel Olszak
Lisa Micco
DuWayne Nelson
Kayleen Cubbal
Richard Work
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