As Republicans and Democrats try to find middle ground between the budgets that each side has proposed, the most conservative members of the House are throwing another budget into the mix, one that would balance the budget in four years.
Several days before the August congressional recess, we noted that some conservatives were considering abjuring the House budget in favor of a 6-month CR to fund the beginning of FY 2013 in October. Their rationale was to defer the major spending fights until 2013, when presumably, we would have more control over the final outcome. Additionally, the original intent of this plan was to deny the Democrats and moderate Republicans the opportunity to use a must-pass spending bill to tack on tax increases and other bad proposals during the lame duck session.(Read More)
He can cut 100 Billion Dollars if he WANTS TO. A MUST read.
1.) The amount by which the public debt — the portion of the national debt not borrowed by the U.S. government from funds it administers — has increased since President Obama took office is unprecedented, not politics as usual: more than $4.75 trillion (more than 75%), according to the Treasury Department. If the president’s second-term budget is implemented, he will end up (according to the Congressional Budget Office) increasing the public debt by $8.9 trillion. That exceeds the public debt incurred by all previous presidents combined — by more than $2.6 trillion
Read more: http://dailycaller.com/2012/07/27/ten-inconvenient-truths-about-the-national-debt/#ixzz241dSgErw
Para 5, 8 and 10 needs to be read over and over.(Read More)
There’s a lot to like about Paul Ryan’s budget proposal. It cuts some spending. It flattens the tax code down to just two individual marginal tax rates. It also includes some innovative policies designed to halt the unsustainable growth of health care entitlement spending. However, on balance, the budget is disappointing for fiscal conservatives for two main reasons: It waives the spending restraint that was agreed to in last year’s debt limit deal, and it doesn’t balance the budget until 2040. Broken promises and unbalanced budgets as far as the eye can see are neither good policy nor a good campaign rallying cry(Read More)
Read Para 6. Where does our Congressman stand?
Bryan Republican Steve Ogden, who is widely respected in the state senate for his expertise on budget issues, took aim Monday at politics at the federal level — but not how some may expect from a conservative.
The chair of the powerful Senate Finance Committee said at Texas A&M that he was discouraged watching a recent GOP presidential debate when candidates were asked if they’d accept increasing taxes if they were paired with spending reductions five times greater (Ogden misspoke; it actually was 10 times greater).(Read More)
I am glad the Republicans in Austin are scared to death of the Tea Party. The Tea Party vote in the primaries.