Research Briefing

New Report Exposes Democrats’ Pay As You Go Bill

As Budgetary Fig Leaf

CLICK HERE TO WATCH VIDEO

ABC News’ Jonathan Karl: “It Took The Federal Government 206 Years To Hit The First Trillion Dollars In Debt And To Go From 12 Trillion To 13 Trillion, Just Six Months.” (ABC’s “ABC World News,” 5/31/10)

Karl: “In February, President Obama signed a law that was supposed to do something about this. It’s called the Pay As You Go Act. … Since then congress has passed about $230 billion in new spending that is not paid for.” (ABC’s “ABC World News,” 5/31/10)