the WHITE HOUSEPresident Barack Obama

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Weekly Address: Pay As You Go

Summary: 
The President, having just signed the "Pay As You Go" law, discusses the importance of this fundamental rule to getting budget deficits in check.

The President, having just signed the "Pay As You Go" law, discusses the importance of this fundamental rule to getting budget deficits in check.  Ensuring that new spending and tax cuts are offset was a important factor in creating the budget surplus of the late 1990’s.