Why is There a Senate Budget Committee?
The last time the Democrat controlled Senate passed a budget was on April 29, 2009.
So I’ll ask again.
Why do we have a Senate Budget Committee?
Sen. Patty Murray (D-Wash.) confirmed Thursday that she will seek the chairmanship of the Senate Budget Committee next year but told The Hill that she cannot commit to doing a budget.
This opens up the possibility that Senate Democrats will avoiding passing a budget resolution for the fourth year in a row.
The last time the Senate passed a standalone budget resolution was in 2009.
This past year, Senate Majority Leader Harry Reid (D-Nev.) said a budget was not necessary because the top-line spending number for appropriations was set in the August 2011 debt-ceiling deal.
Murray said that an agreement to avoid the “fiscal cliff,” the looming $600 billion in tax increases and spending cuts set to strike in January, could preclude having to pass a Senate budget next year.
The following was published by the Heritage Foundation on January 20, 2012.
As the 1,000th day nears, here are some facts about America’s budget and why the Senate must take action to be stewards of the people’s money as the Constitution requires:
- The last time the Senate passed a budget was on April 29, 2009.
- Since that date, the federal government has spent $9.4 trillion, adding $4.1 trillion in debt.
- As of January 20, the outstanding public debt stands at $15,240,174,635,409.
- Interest payments on the debt are now more than $200 billion per year.
- President Obama proposed a FY2012 budget last year, and the Senate voted it down 97–0. (And that budget was no prize—according to the Congressional Budget Office, that proposal never had an annual deficit of less than $748 billion, would double the national debt in 10 years and would see annual interest payments approach $1 trillion per year.)
- The Senate rejected House Budget Committee Chairman Paul Ryan’s (R–WI) budget by 57–40 in May 2011, with no Democrats voting for it.
- In FY2011, Washington spent $3.6 trillion. Compare that to the last time the budget was balanced in 2001, when Washington spent $1.8 trillion ($2.1 trillion when you adjust for inflation).
- Entitlement spending will more than double by 2050. That includes spending on Medicare, Medicaid and the Obamacare subsidy program, and Social Security. Total spending on federal health care programs will triple.
- By 2050, the national debt is set to hit 344 percent of Gross Domestic Product.
- Taxes paid per household have risen dramatically, hitting $18,400 in 2010 (compared with $11,295 in 1965). If the 2001 and 2003 tax cuts expire and more middle-class Americans are required to pay the alternative minimum tax (AMT), taxes will reach unprecedented levels.
- Federal spending per household is skyrocketing. Since 1965, spending per household has grown by nearly 162 percent, from $11,431 in 1965 to $29,401 in 2010. From 2010 to 2021, it is projected to rise to $35,773, a 22 percent increase.
Democrats in the senate are a disgrace.
If you were the Chief Financial Officer of a private company and you failed to perform your most basic duties for four years, would you still have a job?