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Today's Nuze

"Every government interference in the economy consists of giving an unearned benefit, extorted by force, to some men at the expense of others."

Ayn Rand

Nobody's listening.

PAYGO IS BACK

By
Neal Boortz
@ April 27, 2009 8:11 AM
Permalink | Comments (16) | TrackBacks (0)

Over the weekend, Barack Obama decided that it would be a good idea to re-institute the pay-as-you-go legislation, otherwise known as PAYGO. Basically, this would require that any new federal spending be offset by cuts in the budget or ... tax hikes!

Wait a minute her! Obama just presided over the largest government spending increase in the history of our nation .. and now he's on the PAYGO kick? We all know he's not going to cut any government spending to pay for his new programs, so what does that leave? Raise taxes, that's what. The key here is that you don't raise taxes on the people what brung you to the dance. So ... if you're an achiever. If you are an evil business owner. If you're one of those people who provide about 80% of the jobs out there ... it's BOHICA time. Raising the tax rates on the productive is change you can believe in.

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What others are saying

  • BOHICA
    I believe it means "Bend Over Here It comes Again"
  • J.J.
    BOHICA = Bend Over Here It Comes Again.
    Not to worry, that question gets asked about once a week.
  • Paygo
    Too late now, oh anointed one!You could tax us everything we make and still not pay off what you have budgeted.Is this man really as stupid a fool as he seems?
    But hey, everyone likes him personally.What does it matter if he has no ability to comprehend his actions?The people that voted him in don't either.
  • Am I The Only One Here...
    ...That Doesn't Know What BOHICA Means?
  • LH
    You on a roll today buddy!

    Come on lefties, admit it. Both of them screwed us. We're just getting it bigger now...
  • Just another way for Obozo to drive out the last of the achievers
    from what was once a great nation.

    New Zealand beckons....
  • Every time
    'O' opens his mouth these days all I hear is 'CHA-CHING' or the sound of the American economy getting sucked into a black hole.
    Spend all your money now 'cause it won't be worth crap very soon.
  • Paygo
    There are two possible solutions to pay as you go. The first is to increase taxes and keep the level of spending constant.
    The second, and I know that this is just crazy talk here, but let me throw it out, is to REDUCE EXPENSES!
    It's just so wild it might work! Wait. It has worked. Every time it has been tried, whether in private or public life. Hmmmm...Whatever you have spend less. If you punish a behavior, you will get less of it. If you reward a behavior, you get more of it. If we reduce expenses AND lower taxes...the economy booms, and we power out of the recession.
    Either way, we will soon have smaller government. Either by our choice, and under our control. Or when the entire economy collapses, and we can't borrow any more from China.
    Limited government. Let's do it now, when we have a choice.
  • Bush did it
    Does this mean that coke and alcohol problems are ok now? I mean, Bush did it.
  • Stan GayBull
    And we have a winner!!!!
  • GOT BANKRUPT? sell more bonds to china
    Will the last on out of national bankruptcy court please turn out the lights, lock the doors and return the keys so china will give us our deposit back. thank you
  • This OBozo is Unreal
    After an absolute mindboggling and unsustainable spending spree, and after introducing a budget that amasses more debt than the previous 43 presidents combined, he now wants Pay as you go!!

    This man will say whatever is expedient at the moment and you idiots eat it up. What fools he holds you people for! What will it take for you mindless libs to wake up and realize that he holds you for absolute morons.

    Stan Gayble - do you have any response to anything other than "Bush did it. blah blah." Yeah, the funny thing is that you keep justifying every one of Obama's positions by saying "Bush did it...". However, you spendt the last 8 years foaming at the mouth with hatred over everything Bush did. So, which is it? Do you now like Bush's policies since that is your excuse for everything?
  • Same plan as Bush
    This is the same thing Bush did. More spending and higher taxes. That is, if this actually happens, this is all speculation now. Kind of like a moderate conspiracy.
  • Copyleft, Hugo's Ghost, and other twits
    Can't wait to hear them totally ignore the comment about tax hikes and make it out to look like Obama is doing a great thing. Waiting in anticipation...
  • Nothing Changes
    Congress passed pay-as-you-go during the Clinton Administration. It worked okay while the nation enjoyed squandering the "Peace Dividend" after the Cold War. But 9/11 changed all that. Much of the runaway spending under GWBush was dubbed "emergency" legislation and therefore not subject to spending offsets. All in the name of national security, mind you. The current situation is, the federal government could cut out ALL discretionary spending and still not be able to balance the budget in the current year. Debt service and entitlements are that large, and both will only get larger.
    What to do, where to cut.........democrats are eyeing the Pentagon budget with hunger in their eyes!!!
  • Paygo
    should be a constitutional amendment.

    Repeal the 16th amendment.
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