TONKO VOTES TO RESTORE FISCAL DISCIPLINE

Congressman Paul Tonko recently voted in favor of the restoration of PAYGO, which passed the House of Representatives. In 2002, the borrow-and-spend Republicans who controlled Congress let PAYGO expire and ran up major deficits.

“This legislation is very simple: Congress can only spend a dollar in one place if it saves it in another,” said Congressman Tonko. “Just as families cut back on eating at a restaurant to pay for a new amenity, Congress must make difficult balancing decisions. We need to confront the enormous deficits we’re facing, bring an end to years of fiscal irresponsibility, and put this country back on a fiscally sustainable path.”

Congressman Tonko added, “We must balance short-term deficit spending for the economic recovery with a commitment to restoring fiscal discipline in the long-term. The large deficits that we inherited from the previous administration as a result of the reckless borrow-and-spend policies have put pressure on funding for our important priorities, such as health care reform, clean energy and education. PAYGO will be a powerful impediment to reckless tax cuts financed by debt.”

For more information, click here.