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that is why, last week i signed into law the paygo bill. it says, simply, the united states of america should pay as we go and live within our means again. like responsible families and businesses do. this law is what helped to get deficits under control in the 1990s and produced surpluses by the end of the decade, and, it was suspended in the last decade, during that period well, saw deficits explode again. by reinstituting it, we are taking an important step towards addressing the deficit problem, in this decade, and in decades to come. that is also why, after taking steps to cut taxes, and increase access to credit, for small businesses to jump start job creation this year, i've called for a three-year freeze on discretionary spending, starting next year. this freeze won't affect medicare, medicaid or social security spending. and it won't affect national security spending including veterans benefits. but, all other discretionary

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