February 27, 2004

APPLYING PAY-AS-YOU-GO RULES ONLY TO ENTITLEMENT PROGRAMS
WOULD REPRESENT A FLAWED APPROACH TO BUDGET DISCIPLINE
By Joel Friedman and Robert Greenstein

This report has been superceded by "House Pay-As-You-Go Proposal Would Exempt All Tax Cuts and Make a Mockery of Efforts to Restore Fiscal Discipline."