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|    MATZDOBRE    |    The Mad Dog Matzdobre Echo    |    343 messages    |
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|    Message 224 of 343    |
|    Jeff Binkley to All    |
|    Budget    |
|    03 Jul 10 06:16:00    |
      http://www.humanevents.com/article.php?id=37893              House Democrats ‘Deem’ Faux $1.1 Trillion Budget ‘as Passed’        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 ‘budget        enforcement resolution’ 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        Democrats’ 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 ‘congressional budget resolution.’ 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 ‘restraint.’ 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 – which Democrats have used mainly to raise        taxes, and have ignored when it was inconvenient – 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 Congress’s power of the purse – this        time relying on the Fiscal Commission created by the President to do        Congress’s job.                     A full Republican Budget Committee staff analysis of the Majority’s        Budget Deemer: "An Admission of Fiscal Failure"               CMPQwk 1.42-21 9999        Hope and change = $1T deficit and 10%+ unemployment .....              --- PCBoard (R) v15.3/M 10        * Origin: (1:226/600)    |
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