Quotes About Pay-as-you-go

The American people expect more from Congress. They expect fiscal responsibility and common sense. They expect us to return to the pay-as-you-go budget rules that we had enacted in the past that helped us establish a surplus, however briefly.

Just like the Internet disrupted the publishing industry, we're going to see Bitcoin micropayments creating some very interesting opportunities for pay-as-you-go, pay-based-on-time online businesses and, frankly, some risks as well to the traditional business model as to how things get sold online.

I am talking about the radical conservatives in the Democratic Party. That's who we need to counter. It's the same across any number of issues - pay-as-you-go, free college, 'Medicare for all.' These are all enormously popular in the party, but they don't pass because of the radical conservatives who are holding the party hostage.

The budget enforcement rules of the 1990s were an important part of getting the budget back into balance. It was done on a bipartisan basis. Those pay-as-you-go rules were tested and they worked. We are now in a one-party system, and we have thrown them out.

Young people understand that there is not a Social Security trust fund. Social Security is a pay-as-you-go system, where today's millennials are paying for today's seniors.

Under the current pay-as-you-go Social Security system, not one person is actually guaranteed benefits.

Since 1935, this has been a pay-as-you-go system, and I always believed when I first started talking about Social Security that there was a little box that had my name on it and it had my benefits for when I retired. That is not true.