How is a budget resolution enforced? Q.How is a budget resolution enforced? A.Spending and revenue targets set in the annual budget resolution are enforced by points of order, which any member of Congress may raise against legislation that is inconsistent with those targets. Read more about How is a budget resolution enforced?
What have budget trends been over the short and long term? Q.What have budget trends been over the short and long term? A. Federal budget deficits are largely driven by external events—war, recession—in the near term and by demography in the long run. When events conspire to drive revenues above the trend, tax cuts usually bring them down with alacrity. Read more about What have budget trends been over the short and long term?
What is PAYGO? Q.What is PAYGO? A.A budget rule requiring that new legislation affecting revenues and spending on entitlement programs, taken as a whole, does not increase projected budget deficits. Read more about What is PAYGO?
