Following a call for pay-go legislation from President Obama, Democratic leaders introduced the pay/go legislation last week with 155 cosponsors. Legislators cited a need to bring down the nation’s ballooning deficit according to Congress Daily.
Huge deficits in government spending were reversed due to similar legislation in the 1990s and many members of Congress and the Obama Administration hope to see similar effects from the current legislation. The bill does limit which types of legislation can be included in the law, excluding providing higher Medicare payments to physicians.
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