Peterson Foundation Statement on House Rules Package and Return to PAYGO
Peterson Foundation Statement on House Rules Package and Return to PAYGO
NEW YORK — Michael A. Peterson, CEO of the Peter G. Peterson Foundation, commented today on the Rules Package adopted by the House of Representatives for the 116th Congress:
“This new rules package includes important reforms that can help encourage fiscal responsibility. In particular, the reinstatement of a pay-as-you-go rule is a positive step forward because it will help prevent new tax and spending legislation from adding to the debt.
“Ultimately, final policy decisions matter more than the process itself, and elected officials must address the major structural challenges in our budget. In a divided government, our leaders must work together in a bipartisan fashion to build a more stable fiscal foundation that can enable the better economic path that all Americans deserve.”
Further Reading
Spending on Veterans in the Budget
Federal spending for veterans has increased relatively sharply in the past two decades as scores of veterans returned home from extended wars in Iraq and Afghanistan.
Continuing Resolutions Are Stopgap Measures — But Now We Average Five a Year
While continuing resolutions can help avoid government shutdowns, they should be rarely used. However, CRs have become the norm.
What Is a Continuing Resolution?
A continuing resolution is a temporary funding measure that Congress can use to fund the federal government for a limited amount of time.