Understanding Complex Budget Terms and Processes: What is PAYGO?
PAYGO is a budget enforcement mechanism intended to prevent passage of legislation that increases deficits.
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PAYGO is a budget enforcement mechanism intended to prevent passage of legislation that increases deficits.
Sequestration was designed to be a blunt instrument, whose arbitrary effects would be so undesirable that they would compel policymakers to reach compromise on budget legislation rather than allow the cuts to go into effect.
There is one cap for national defense and another cap for non-defense programs.
Public schools for students in kindergarten through 12th grade are financed through a combination of local, state, and federal dollars in proportions that vary across and within states.
https://www.pgpf.org/budget-basics/how-is-k-12-education-funded
This budget explainer describes what Medicaid is, how it is financed, and who benefits from it.
https://www.pgpf.org/budget-basics/budget-explainer-medicaid
Medicare is an essential health insurance program serving millions of Americans, and a major part of the federal budget and our fiscal outlook.
Federal trust funds bear little resemblance to their private-sector counterparts.
https://www.pgpf.org/budget-basics/budget-explainer-what-are-federal-trust-funds
Social Security is the largest single program in the federal budget and makes up approximately one quarter of total federal spending.
https://www.pgpf.org/budget-basics/how-does-social-security-work
America faces a growing crisis. Our federal government has accumulated a $13.6 trillion debt over the last few decades, and this debt is expected to grow significantly in coming years.