Tucked into tonight's debate was a little noticed statement from Obama about fiscal responsibility and what he'll have to cut. He talked about how the country needs to live within its means and so he supports PAYGO, but importantly, also said we'll have to get back to that after we get through these rough economic times. I don't have the exact quote but it's very good news that he supports a Keynesian stimulus, and hopefully he'll be able to bring the Blue Dogs along. They want to renounce the stupid PAYGO rules, because making all policy revenue neutral prevents obviously good investment choices like bonding out government revenues to build mass transit, new energy systems, etc.
The first discussion of any import within the new Democratic caucus will take place on November 17, when the caucus decides the rules they will vote on in January. Those rules may include PAYGO or they may not; hopefully if they do include PAGYO there will be exceptions for investment activities that will eventually produce revenue. Good news, tonight. I didn't like the embrace of clean coal or Obama's stepping on progressive interest group aims as he did with charter schools and tort reform, but then, that's been consistent with his platform all along.