Obama and ‘Blue Dogs’ address ‘paygo’ system

WASHINGTON – A day after promising to accelerate the pace of stimulus spending, President Barack Obama will focus on how the government plans to pay off its enormous tab.

Obama will talk about efforts to adhere to the what is known in Washington as the “paygo” system. The system requires that legislation cutting taxes, establishing new benefit programs or making programs more generous be counterweighted with higher revenues or benefit cuts elsewhere.