That is a quote from Republican Representative Mike Pence of Indiana. Supposedly the theory of PayGo is for each dollar spent, then a dollar must be saved or cut from someplace else. Remember all during the 2006 election cycle this was the mantra we heard from the spendthrift Nancy Pelosi!

From the Heritage Foundation blog The Foundry:

1) PAYGO has never been enforced

* During the 1991-2002 round of statutory PAYGO, Congress and the President still added more than $700 billion to the budget deficit and simply cancelled every single sequestration that would have enforced PAYGO.
* Since the 2007 creation of the PAYGO rule, Congress has waived it numerous times in order to add $600 billion to the deficit. In fact, the entire “stimulus� bill violated PAYGO; Congress simply ignored the rule.

2) PAYGO’s design is flawed

* PAYGO exempts all discretionary spending, and would also allow all current entitlement programs like Social Security, Medicare, and Medicaid to continue growing on autopilot. It affects only new entitlements or tax cuts that may be created in the future.
* Even if PAYGO were fully enforced, entitlement spending would still grow 6 percent annually, and discretionary spending could grow without limit.

What a farce. Where’s the lamestream media on this? Crickets……

Democrats PayGo, PayGo, Obama, PayGo Farce