Tag: pay-as-you-go

Changes in Mandatory Program Spending / CHIMPS (CongressionalGlossary.com)

Changes in Mandatory Program Spending / CHIMPS (CongressionalGlossary.com)

From the Congressional Glossary – Including Legislative and Budget Terms Changes in Mandatory Program Spending / CHIMPS   Sessions Unveils Amendments To Combat Billions In Spending Through Waste, Gimmicks   CHIMP is an acronym for a “CHange (either a cost or a savings) In a Mandatory Program” that is proposed or enacted in an appropriations […]

Baseline / Baseline Budgeting / Scorekeeping (CongressionalGlossary.com)

Baseline / Baseline Budgeting / Scorekeeping (CongressionalGlossary.com)

From the Congressional Glossary – Including Legislative and Budget Terms Baseline / Baseline Budgeting / Scorekeeping   Dan Mitchell Discussing Dishonest Budget Numbers with John Stossel   Baseline: Projection of future revenues, budget authority, outlays, and other budget amounts under assumed economic conditions and participation rates without a change in current policy. The Congressional Budget […]

Budget Enforcement Act of 1990 (CongressionalGlossary.com)

Budget Enforcement Act of 1990 (CongressionalGlossary.com)

From the Congressional Glossary – Including Legislative and Budget Terms Budget Enforcement Act of 1990 P.O. Arnäs The Budget Enforcement Act of 1990, Pub. L. No. 101-508, title XIII, 104 Stat. 1388, 1388-573 (Nov. 5, 1990), was adopted to replace the Gramm-Rudman-Hollings Act of 1987, as a response to the budget crisis that persisted through […]

Pay-as-You-Go (PAYGO) (CongressionalGlossary.com)

Pay-as-You-Go (PAYGO) (CongressionalGlossary.com)

From the Congressional Glossary – Including Legislative and Budget Terms Pay-as-You-Go (PAYGO) photo credit: lobo235 A budgetary enforcement mechanism, a process by which direct spending increases or revenue decreases must be offset so that the deficit is not increased or the surplus reduced. A statutory PAYGO requirement was in effect from 1991 through 2002; the […]