1.0 link 229146 http://www.huffingtonpost.com/rep-steny-hoyer/the-progressive-case-for_b_229146.html America is in a massive fiscal hole. And on behalf of President Obama, we have helped to introduce a bill designed to start digging us out: pay-as-you-go, or PAYGO. The idea behind PAYGO is simple: our country, like any family struggling with deep credit card debt, must start paying for what it buys.

PAYGO helped President Clinton turn Reagan's deficits into a record $5.6 trillion projected surplus. PAYGO stood in the way of President Bush's massive tax cuts...

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