Tuesday, January 15, 2008

Clinton, Obama vs. pay-go - TheHill.com

Clinton, Obama vs. pay-go - TheHill.com: "The two leading Democratic presidential candidates have put congressional leaders in a bind by suggesting they waive budget rules and borrow tens of billions of dollars to boost the economy. Sens. Hillary Rodham Clinton (D-N.Y.) and Barack Obama (D-Ill.) have backed away from raising taxes or cutting spending — options that would pay for their economic stimulus packages. This means their approaches would violate the pay-as-you-go budget rules that Democrats adopted after winning control of Congress. Clinton’s package could cost $110 billion. Obama has estimated his proposal at $120 billion."