Biden’s avalanche of spending has pushed outlays far above the allowed budget ceilings for FY2023. This overspending will trigger the Obama-era “PAYGO law.”
- These statutory rules require a dollar-for dollar-reduction in spending for the amount Congress has exceeded the annual spending limits.
- Waiving the budget rules has become routine – but it requires 60 votes in the Senate. As Heritage Foundation budget expert Matthew Dickerson points out, “If Republicans hold firm in sticking to PAYGO, Biden will be required to cut more than $100 billion at the end of this Congress.”
All we need is 41 of the 50 Senate Republicans to do the right thing and vote for cuts. This will be a good litmus test to see whether Republicans are serious about cutting spending and debt.