Welch introduces fiscal responsibility legislation
Welch, along with Majority Leader Steny Hoyer (Md.), Budget Committee Chairman John Spratt (SC) and Rep. Baron Hill (Ind.), is a lead sponsor of H.R. 2920, the "Statutory Pay-As-You-Go Act of 2009." The bill's sponsors unveiled the legislation earlier this week during a Capitol Hill press conference with Office of Management and Budget Director Peter Orszag.
"A good idea without a way to pay for it is wishful thinking. A good intention without fiscal discipline is a daydream," Welch said. "Middle class families work hard to pay their bills. The federal government has a responsibility to do the same."The PAYGO bill was first announced by President Obama at a White House East Room press conference last week. Welch joined the President on stage as he outlined the plan. Click here for a photo of Welch at the Obama announcement.