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echo: matzdobre
to: All
from: Jeff Binkley
date: 2010-07-03 06:16:00
subject: Budget

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 .....

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