Barack Obama actually said...

I appreciate the House's quick response to my call for pay-as-you-go (PAYGO) legislation.

Let me be clear: All new mandatory initiatives and all new tax cuts must be paid for.

It is time to stop the practice of passing today's costs onto future generations.

If we do not control these costs, we will not be able to control our deficit. If we do not reform health care, your premiums and out-of-pock...