WASHINGTON — President Barack Obama said Saturday new budget rules that say spending increases must be matched by spending cuts will force Congress to "pay for what it spends, just like everybody else."

Obama signed a bill Friday reinstating budget rules known as "paygo" — short for "pay as you go."

In place during the 1990s, the rules helped create balanced budgets and surpluses. Obama blames eliminating them for creating much of the $1.3 trillion deficit he faced upon taking office in January 2009 and for a total debt of $8 trillion projected over the next decade.

But the bill signed Friday also lifted the cap on the amount of money the U.S. can borrow by $1.9 trillion — to a total of $14.3 trillion. The ceiling was lifted from $12.4 trillion to keep the U.S. from going into default.

In his weekly radio and Internet address, Obama said the "politics of the moment" often overwhelms the desire Democrats and Republicans have to produce balanced budgets.

"Now, Congress will have to pay for what it spends, just like everybody else," he said.