It's a primary responsibility of Congress to write and pass the budget each year. But the Demo leadership in the House, where budgets must originate, say they will not do it this year.
Majority Leader Steny Hoyer announced his bold lack of action this week. He said that Congress would pass a resolution calling for lower spending than Obama instead. That he can't do anything until Obama's fiscal commission reports in December. Uh, Mr. Hoyer, It's the budget for only one year. How does it help to wait six months until three months after the fiscal year has started? Politico
There is no good reason and they know it. Last year's budget was $1.3 trillion in the red. What's next?
They don't want to show how bad the budget situation is before the election.
Tyler Durden at ZeroHedge.com observes that Obama's Director of OMB "Propeller head" Peter Orszag quit the day before the budget was to be released. He thinks it's for the same reason - the numbers are ugly. (Plus Orszag is desperately in favor of smashing the already broken promise of no tax increases for incomes less than $250k.)
So ask Rep. Rick Larson and Rep. Jay Inslee and Rep. Adam Smith what they are doing instead of their responsibility to build the budget. And why.
Posted by Ron Hebron at June 27, 2010 06:47 PM | Email ThisYou do the math on where this will lead, if you are not already feeling the pain, you soon will.
Posted by: GS on June 27, 2010 08:58 PMSo the solution is obvious - tax the rich even more!
Posted by: Shanghai Dan on June 27, 2010 09:21 PMHard to do the dance when he music stops playing.
Posted by: Vince on June 28, 2010 06:41 AMSo, again... a Democrat who cannot/will not succeed with their job. And Biden said there is no way we're getting all of our lost jobs back.
Liberals, please... why do you want these people in charge when they admit they are powerless to actually do anything?
Posted by: Gary on June 28, 2010 07:51 AMSo, they cannot/will not succeed at anything.
Congress' most fundamental job is to manage the federal budget. And they will not do it.
Eight million jobs permanently gone.
Posted by: Shanghai Dan on June 28, 2010 10:53 AMAh. So we are in the exact same boat we were in last year, only now we have added $1 trillion to the debt because of last year's Stimulus. We just kicked the can down the road for one year, and it cost a fortune.
Posted by: Gary on June 28, 2010 02:21 PMGolly! What a novel concept!
"Ron Moore, member of the Bradley County Democrats, gave a short speech before opening the floor to the candidates. "We're as conservative as any Republican in Bradley County," Moore said. "We have liberal thoughts, but when it comes to our money we're just as conservative.""
Palouse, yes. No budget at all from Congress and where is our press on this?
Posted by: Gary on June 28, 2010 03:09 PM
"Around the world -- most recently at last weekend's deeply discouraging G-20 meeting -- governments are obsessing about inflation when the real threat is deflation, preaching the need for belt-tightening when the real problem is inadequate spending."
Ah, "inadequate spending" is our problem. Perhaps Congress should meet and write a one million trillion dollar budget. Why the hell not? The numbers have become meaningless.
Posted by: Gary on June 28, 2010 04:11 PMLaws are for the little people and Republicans; Democrats have no concern for the law, as long as their motives are right (which means grabbing or holding on to power).
Posted by: Shanghai Dan on June 29, 2010 12:39 AMTack on the Cap and Trade and we will know what a Real Democrats Depression looks and feels like.
Posted by: gs on June 29, 2010 02:36 AMWHERE'S THE BUDGET? should be short and sweet and refer to the good Senator and your Rep.
After nearly 18 years, Murray and others can't claim they are too new to be in leadership. So, we can ask, WHERE'S THE BUDGET? And if you can't pass a budget, why do you deserve another term?
Short, sweet and effective.
Posted by: swatter on June 29, 2010 06:56 AM"Recovery Summer"!
Posted by: Gary on June 30, 2010 08:48 AMGee, thanks.
Posted by: Gary on July 1, 2010 10:53 AM