Budget Insanity

[Chris]

It's right in front of your eyes...

Budget Insanity (http://www.realclearpolitics.com/articles/2012/07/11/budget_insanity_114758.html)
...For most of American history, government was tiny. But since Lyndon Johnson's Great Society and the promise that government would cure poverty, spending has gone up nonstop. This is not sustainable.

Progressives say: If you're so worried about the deficit, raise taxes! But it's a fantasy to imagine that taxing the rich will solve our deficit problem. If the IRS grabbed 100 percent of income over $1 million, the take would be just $616 billion. That's only a third of this year's deficit.

It's the spending, stupid....

[Goldie Locks]

It's right in front of your eyes...

Budget Insanity (http://www.realclearpolitics.com/articles/2012/07/11/budget_insanity_114758.html)



Yes it is!!!
Tax the rich, you say would work? If 100% tax on people making over $250K & confiscated all last year's profits of Fortune 500 companies & took ALL assets of top 400 billionaires...we would still only fund our gov't for 8 months. Time to look at spending (http://newworldorderreport.com/Default.aspx?tabid=266&ID=8265)

[Peter1469]

Absolutely.

[waltky]

Granny says is cause dey's a buncha gridlock do-nothin's...
:shocked:
Debt Up $5T Since Senate Last Passed a Budget
October 29, 2012 – The national debt has risen by $5 trillion in the three-and-a-half years since the Senate last passed a budget on April 29, 2009. On that date, the debt was $11.2 trillion. As of October 29, 2012 it stood at $16.2 trillion.


The last budget resolution passed by a vote of 53-43 in the Senate, marking the last time a budget resolution passed that body. In fact, in 2011 and 2012 the Senate never even drafted a budget resolution. The 2009 budget covered fiscal year 2010. Democrats, led by Sen. Harry Reid (D-Nev.), have held a majority in the Senate since 2007.

Senate Budget Committee Chairman Kent Conrad (D-S.D.) cancelled a planned budget drafting hearing earlier this year, saying that the issue was better left until after the election.

While they do not technically determine federal spending and taxation levels, federal budgets set what are known as top-line levels for federal spending, setting the limit for what the appropriations committees in each house can spend. Each appropriations committee then takes those levels and divides them up among the various federal agencies.

By failing to pass a budget resolution, the Senate has effectively denied Congress the ability to set spending priorities each year, instead relying on short-term continuing resolutions and broad spending deals such as 2011’s Budget Control Act – which set federal discretionary spending caps for the next ten years. However, that law only set a cap on discretionary spending but did not set the spending levels for various federal departments such as health, educations, and defense.

http://cnsnews.com/news/article/debt-5t-senate-last-passed-budget

[Peter1469]

Congress is hell bent on causing a total economic collapse.

[truthmatters]

looks pretty right wing to me

[Trinnity]

It's. The. Spending.

[roadmaster]

We can't tax enough people to balance the budget. It's out of control and China pretty much owns us.

[waltky]

Hippity-hoppity, flippity-floppity...
:shocked:
Trump Signs $1.3 Trillion Budget After Threatening Veto
23 Mar 2018 | WASHINGTON — President Donald Trump signed a $1.3 trillion spending measure Friday, averting a midnight government shutdown just hours after declaring he was considering a veto.


Trump said he was "very disappointed" in the package, in part because it did not fully fund his plans for a border wall with Mexico and did not address some 700,000 "Dreamer" immigrants who are now protected from deportation under a program that he has moved to eliminate. But Trump praised the increases the bill provides for military spending and said he had "no choice but to fund our military" "My highest duty is to keep America safe," he said. The bill signing came a few hours after Trump created last-minute drama by saying in a tweet that he was "considering" a veto. With Congress already on recess, and a government shutdown looming, he said that young immigrants now protected in the U.S. under Barack Obama's Delayed Action for Childhood Arrivals "have been totally abandoned by the Democrats (not even mentioned in Bill) and the BORDER WALL, which is desperately needed for our National Defense, is not fully funded." Trump's veto threat was at odds with top members of his administration and House Speaker Paul Ryan, who had said Thursday that he was supportive of the measure. The White House also issued a formal statement of administration policy indicating Trump would sign the bill. Several advisers inside and outside the White House said they suspected the tweet was just Trump blowing off steam.

Finally, in made-for-TV scheduling, the White House announced a news conference. Telegraphing the outcome, an internal television feed advertised the event this way: "President Trump Participates in a Bill Signing." Asked why he'd made the threat, Trump said he'd "looked very seriously at the veto," but "because of the incredible gains that we've been able to make for the military that overrode any of our thinking." The will-he, won't he episode came hours after the Senate early Friday morning passed the $1.3 trillion spending package aimed at keeping the government open past midnight. Trump has been increasingly frustrated with the media coverage of the bill, as conservative Republican lawmakers and other critics have railed against it. Rep. Mark Meadows, R-N.C., chairman of the House Freedom Caucus and a friend of the president, said in a tweet that the group would "fully support" a veto, adding that Congress should pass a short-term budget resolution while Trump and congressional leaders "negotiate a better deal for the forgotten men and women of America." Sen. Senator Bob Corker, R-Tenn., also egged Trump on. "Please do, Mr. President," he tweeted. "I am just down the street and will bring you a pen. The spending levels without any offsets are grotesque, throwing all of our children under the bus. Totally irresponsible." "Make my day, Mr. President," taunted Rep. Kurt Schrader, D-Ore.


https://images05.military.com/sites/default/files/styles/full/public/2018-03/trump_speaks_1800.png?itok=gyvrI57U
President Donald Trump speaks in the Diplomatic Room of the White House in Washington, Friday, March 23, 2018, about the $1.3 trillion spending bill.

Senate passage of the bill averted a third federal shutdown this year, an outcome both parties wanted to avoid. While Trump has repeatedly criticized Democrats over DACA, he canceled the program last fall, ending the issuance of new DACA permits. A judge has forced the administration to continue issuing renewals. The spending package includes $1.6 billion for Trump's long-promised border wall with Mexico. But less than half of the nearly 95 miles (153 kilometers) of border construction that have been approved can be spent on new barriers. The rest can only be used to repair existing segments. The money was far less than the $25 billion over 10 years Trump had asked for as part of a last-ditch deal that would have included providing a temporary extension of the DACA program. White House budget officials have nonetheless tried to spin the funding as a win. "We ended up asking for 74 miles worth of wall, we get 110. Not exactly what we wanted where we wanted," budget director Mick Mulvaney said Thursday. "But generally speaking, we think this is a really, really good immigration package." The House easily approved the spending package Thursday, 256-167, a bipartisan tally that underscored the popularity of the compromise, which funds the government through September. It beefs up military and domestic programs, delivering federal funds to every corner of the country.

But action stalled in the Senate, as conservatives ran the clock in protest. Once the opponents relented, the Senate began voting, clearing the package by a 65-32 vote. "Shame, shame. A pox on both Houses - and parties," tweeted Sen. Rand Paul, R-Ky., who spent the afternoon tweeting details found in the 2,200-page bill that was released the night before. "No one has read it. Congress is broken." The omnibus spending bill was supposed to be an antidote to the stopgap measures Congress has been forced to pass — five in this fiscal year alone — to keep government temporarily running amid partisan fiscal disputes. But the overall result was unimaginable to many Republicans after campaigning on spending restraints and balanced budgets. Along with the recent GOP tax cuts law, the bill that stood a foot tall at some lawmakers' desks ushers in the return of $1 trillion deficits. Trying to smooth over differences, Republican leaders focused on military increases that were once core to the party's brand as guardians of national security. But even that remained a hard sell — a sign of the entrenched GOP divisions that have made the leadership's job controlling the majority difficult. They will likely repeat in the next budget battle in the fall.

https://www.military.com/daily-news/2018/03/23/trump-says-he-considering-veto-13-trillion-budget.html

[Peter1469]

This might be the end of the modern GOP.

[Chris]

Ain't no difference between the Democrats and the Republicans.