Roy Cooper: “the Blue Dog Coalition, of which I am policy co-chair, is going to vote against the budget reconciliation measures…”

“the Blue Dog Coalition, of which I am policy co-chair, is going to vote against the budget reconciliation measures coming up this week. Why? Because after all the sound and fury, these measures will increase the Federal budget deficit, and Blue Dogs are for reducing the Federal budget deficit. Now, what can be done in a positive manner to address the problem? Don't take our word for it, listen to the chairman of the Federal Reserve Board, Alan Greenspan, who has repeatedly advocated that we return to the PAYGO rules, pay as you go. If you want to increase spending on a program, find the money to pay for it, the way every household in America has to do. If you want to cut taxes, find the money to pay for it. America lived under this rule from 1990 to 2002. It worked well. We need to return to PAYGO principles. ____________________”