Some Random Thoughts On The Current Budget Debate

Overspending by the government is not a new thing.  In October of 2009, posted a list of 50 examples of government waste.  Please follow the link and read the list.  In October 2010, posted a plan to cut $343 billion from the federal budget.  The link provides a very specific list of cuts that can be made in 2012 to reach that number–something Congress (other than Paul Ryan) has been willing to do.

Last night the House of Representatives passed H.R. 2560, the Cut, Cap, and Balance Act.  The bill passed 234 to 190, with five Republicans voting against the bill and nine Democrats voting against it.  The article posted at Hot Air quotes Paul Ryan:

“”The House of Representatives continues to advance serious solutions to get our budget on the path to balance and our economy on the path to prosperity.  The Cut, Cap and Balance legislation passed today cuts $5.8 trillion in spending over the next decade, locks in those savings with enforceable caps on spending, and forces Washington to finally live within its means with a Balanced Budget Amendment.

“”The coming debt crisis is the single most predictable economic disaster in the history of this nation. Unfortunately, the White House refuses to put forth a credible plan to solve our spending problem, and Senate Democrats have not passed a budget in over 800 days. I remain hopeful that responsible leaders will work with us to advance specific solutions that uphold our solemn commitment to leave the next generation with a stronger, more prosperous nation than the one we inherited.””

Michele Bachmann voted against the bill stating that the only way she would be willing to raise the debt ceiling would be if it included a full repeal of Obamacare.  Paul Broun of Georgia also voted against the bill because he had made a pledge to his constituents that he would not raise the debt ceiling.

The article at Hot Air also points out that this is the second Republican budget proposal this session, while the Democrats have not passed a budget in more than 800 days–they are happy just to criticize Republican ideas rather than come up with their own ideas.

Realistically, I don’t think Cut, Cap, and Balance will get past the House of Representatives.  What the bill does accomplish is to make clear what the goals of the Republicans are in regard to spending and debt.  Even if the bill never sees the light of day in the Senate, the fact that the bill exists will give voters a clear choice in November 2012.