IMAGINE WHAT THEIR POLLS ARE TELLING THEM?:

President Obama calls for legislation on pay-as-you-go (EAMON JAVERS, 6/9/09, Politico)

A day after announcing the acceleration of federal spending under his economic stimulus plan, President Barack Obama Tuesday called for binding legislation that would force a return to pay-as-you-go budgeting rules.

The so-called paygo approach would mean the federal government could not launch new tax cut or entitlement programs without finding a way to pay for them with budget cuts or revenue increases.

The president also used his appearance in the White House East Room to tout the administration’s success in allowing 10 federally bailed-out banks to repay $68 billion from the Troubled Asset Relief Fund.

The taxpayers, he said, even turned a profit on the TARP deal.

Yes, W's bailout paid for itself, now what about the UR's?

Posted by Orrin Judd at June 10, 2009 5:51 AM