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Democrats Violate Budget Control Act
Topic Started: May 23 2012, 06:32 AM (215 Views)
LTC8K6
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http://www.powerlineblog.com/archives/2012/05/democrats-violate-budget-control-act.php
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The Budget Control Act is the compromise on federal spending that the Republicans and Democrats entered into last summer, as part of the deal whereby the Republicans agreed to increase the federal debt limit. That increase was conditioned on spending restraint that was spelled out specifically in the BCA. Thus, for the current fiscal year, discretionary spending was capped at $1.047 trillion. That couldn’t be any clearer. But when Kent Conrad, outgoing Chairman of the Senate Budget Committee, forwarded the Senate Appropriations Committee its spending authority, the number was higher by $14 billion–$1.061 trillion. This is a clear violation of the Budget Control Act.

But the Democrats’ number is by no means random. On the contrary, the $14 billion that Conrad added is enough to match the discretionary spending that was called for in President Obama’s proposed budget–the one that not a single Democratic Senator or Representative voted for. So here the Democrats are engaging in the ultimate hypocrisy. They vote against the President’s budget because they do not want to associate themselves with its profligacy, lest they pay a price with voters. But then they turn around and slide the appropriators enough extra money to match the budget that they just voted against, confident in the belief that budgetary matters are too complicated for voters to understand, and that their friends in the media won’t blow the whistle on them.

How will the Democrats make the numbers add up? If they bother to try to hide what they have done, it will be by using one of the dishonest budget tricks that would have been outlawed by the Republicans’ Honest Budget Act, which was proposed last year, but which Harry Reid killed in the Senate. Using those dishonest tricks, they will pretend that the $14 billion has disappeared through some legerdemain.
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Baldo
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What the heck the US Senate under the control of Democrat Harry Reid hasn't passed a budget for close to 1100 days.

Unbelievable! We are operating without a budget during the "Age of Fiscal Responsibility!"
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LTC8K6
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No one cares. No one wants to do anything that might upset anyone, offend anyone, or change the status quo. No one is willing to cut anything, really. We have become so dependent on the government dole that it's now impossible to do anything about spending. Any politician who tries to make the drastic changes and cuts needed, will get nowhere, and will be voted out at the first opportunity.

We will see no real change until the whole thing collapses around us all.

The system is just too far gone to be saved. It will have to crash and burn.
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wingedwheel
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Silly LTC8K6, they are Democrats. Thus the Budget Control Act's and PAYGO don't apply to them.
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kbp

LTC8K6
May 23 2012, 10:00 AM
No one cares. No one wants to do anything that might upset anyone, offend anyone, or change the status quo. No one is willing to cut anything, really. We have become so dependent on the government dole that it's now impossible to do anything about spending. Any politician who tries to make the drastic changes and cuts needed, will get nowhere, and will be voted out at the first opportunity.

We will see no real change until the whole thing collapses around us all.

The system is just too far gone to be saved. It will have to crash and burn.
They count on the devaluation of the dollar to reduce the percentage of the tax receipts that the debt represents. The secret to avoiding the crash is to avoid the damage of too much inflation in a short time span can create ....buckets of cash needed to buy a loaf of bread!

The debt is dollar based, with a set number of dollars for each bond held for that debt. Just print more dollars and hide it through "assets" held (part of the debt) and unaudited funds managed by the Federal Reserve.

Problem delayed for now!
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