On the recordMarch 7, 2006
There is a very simple solution: we return to PAYGO rules. We return to the days when we spent what we had, like people in American households try to do every single day and struggle to do. But we have the ability to establish a rule. We have the ability to follow a rule that says we will only spend what we have. We have advocated, as Democrats, restoring the PAYGO rule, and we have been repeatedly rejected by the Republican leadership because they just want to continue to borrow and spend, borrow and spend.
Source
govinfo.gov
