• Budget

    From Jeff Binkley@1:226/600 to All on Sat Jul 3 06:16:00 2010


    http://www.humanevents.com/article.php?id=37893

    House Democrats æDeemÆ Faux $1.1 Trillion Budget æas PassedÆ
    by Connie Hair

    07/02/2010


    Last night, as part of a procedural vote on the emergency war
    supplemental bill, House Democrats attached a document that "deemed as
    passed" a non-existent $1.12 trillion budget. The execution of the
    "deeming" document allows Democrats to start spending money for Fiscal
    Year 2011 without the pesky constraints of a budget.

    The procedural vote passed 215-210 with no Republicans voting in favor
    and 38 Democrats crossing the aisle to vote against deeming the faux
    budget resolution passed.

    Never before -- since the creation of the Congressional budget process --
    has the House failed to pass a budget, failed to propose a budget then
    deemed the non-existent budget as passed as a means to avoid a direct, recorded vote on a budget, but still allow Congress to spend taxpayer
    money.



    House Budget Committee Ranking Member Paul Ryan (R-Wisc.) warned this
    was the green light for Democrats to continue their out-of-control
    spending virtually unchecked.

    "Facing a record deficit and a tidal wave of debt, House Democrats
    decided it was politically inconvenient to put forward a budget and
    account for their fiscal recklessness. With no priorities and no
    restraints, the spending, taxing, and borrowing will continue unchecked
    for the coming fiscal year," Ryan said. "The so-called æbudget
    enforcement resolutionÆ enforces no budget, but instead provides a green
    light for the Appropriators to continue spending, exacerbating our
    looming fiscal crisis."

    As we reported on HUMAN EVENTS, CBO issued a dire warning about the long
    term outlook for the budget.

    "Yesterday, the Congressional Budget Office rang the latest fiscal alarm
    with the release of The Long-Term Budget Outlook," Ryan said. "Today, Congress again hit snooze. To avert a fiscal and economic calamity, Washington needs to wake up."

    Key points from the House Republican Budget staff on the House
    DemocratsÆ deeming resolution:

    - This is not a budget. The measure fails to meet the most basic, commonly understood objectives of any budget. It does not set
    congressional priorities; it does not align overall spending, tax,
    deficit, and debt levels; and it does nothing to address the runaway
    spending of Federal entitlement programs.
    - It is not a æcongressional budget resolution.Æ The measure does
    not satisfy even the most basic criteria of a budget resolution as set
    forth in the Congressional Budget Act.
    - It creates a deception of spending ærestraint.Æ While claiming restraint in discretionary spending, the resolution increases non-
    emergency spending by $30 billion over 2010, and includes a number of
    gimmicks that give a green light to higher spending.
    - It continues relying on the flawed and over-sold pay-as-you-go [pay-go] procedure. Pay-go û which Democrats have used mainly to raise
    taxes, and have ignored when it was inconvenient û does nothing to
    reduce deficits or restrain spending growth in existing law.
    - Outsourcing fiscal responsibilities. The measure is another hand-
    off by the Democratic Majority of CongressÆs power of the purse û this
    time relying on the Fiscal Commission created by the President to do CongressÆs job.


    A full Republican Budget Committee staff analysis of the MajorityÆs
    Budget Deemer: "An Admission of Fiscal Failure"

    CMPQwk 1.42-21 9999
    Hope and change = $1T deficit and 10%+ unemployment .....

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