In my article today I state that the Stop Over Spending Act reinstitutes the PAYGO rule. Sorry, but that’s not entirely accurate. It only reinstitutes it in a very narrow fashion, applying only to amendments to bills in the reconciliation process. (For a definition of the reconciliation process, go here (PDF).) The PAYGO rule does not apply to any other budget legislation.
Thanks to the folks at the Senate Budget Committee for pointing that out.
