The PAYGO budget requirement means: a. that only programs generating revenues may be proposed for addition to the executive budget. b. that legislation that would increase entitlement spending must be accompanied with an increase in revenue or reduction in spending sufficient to cover the new entitlement spending. c. that debt refinancing must be approved by Congress. d. that no tax reductions are permitted.

The PAYGO budget requirement means: a. that only programs generating revenues may be proposed for addition to the executive budget. b. that legislation that would increase entitlement spending must be accompanied with an increase in revenue or reduction in spending sufficient to cover the new entitlement spending. c. that debt refinancing must be approved by Congress. d. that no tax reductions are permitted.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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