| Rep. Luján Votes for Fiscal Responsibility |
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February 4, 2010 Washington, DC – Today, Rep. Ben Ray Luján voted to restore statutory PAYGO, which requires legislation to be budget neutral. Rep. Luján is a cosponsor of PAYGO. The legislation passed the House by a vote of 233 to 187, and it will now be sent to President Obama for his signature. “For eight years, we had policies that plunged our country into debt and sent our deficit soaring,” said Rep. Luján. “With two wars, tax cuts for the rich, and a corporate bailout, the last administration turned surpluses into deficits. By committing to PAYGO legislation, we can reduce our deficit and restore fiscal responsibility.” Statuary PAYGO was last in place in the 1990s and helped turn massive deficits into record surpluses. President Bush and the Republican-controlled Congress allowed this law to expire in 2002, which contributed to the dramatic turnaround from a projected surplus of $5.6 trillion to projected deficits of more than $11 trillion. |
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