House Republicans earlier today proposed a plan to raise the debt ceiling for only enough time (three months) to allow for Senate Democrats to produce a budget. The reason Democrats, who run the Senate, need to be prodded to propose a budget is simple: The Senate has not passed a budget in 1,360 days.
The last time the Senate passed a budget was April 29, 2009.
In that time, the debt has increased by $5.3 trillion. The amount spent by the federal government in that time is likewise enormous: $13.0 trillion.
Federal welfare spending will skyrocket 80 percent over the next decade, according to new analysis by the minority side of the Senate Budget Committee. Here's a chart, provided by the committee, detailing the growth in spending:
Jeff Sessions, the ranking Republican on the Senate Budget Committee, says he will oppose Barack Obama's nomination of Jacob Lew for Treasury secretary. " Sessions released a statement Thursday afternoon criticizing Lew's nomination. Here's an excerpt:
Jack Lew must never be Secretary of the Treasury. His testimony before the Senate Budget Committee less than two years ago was so outrageous and false that it alone disqualifies.
Senator Jeff Sessions continues to argue against the secrecy of the ongoing "fiscal cliff" negotiations with an op-ed this morning in today's Wall Street Journal. Sessions argues that the secrecy is inherently anti-Democratic, and similar to the "Russian Duma, where officials meet behind closed doors, put out the word, and the overwhelming votes materialize."
Seventy-five percent of the new revenue pulled in by President Barack Obama's "fiscal cliff" plan would go toward new spending, not toward deficit reduction, the Republican side of the Senate Budget Committee contends. Here's a chart, detailing how money from the new tax hikes would be distributed:
Senator Jeff Sessions, the ranking member on the Senate Budget Committee, is releasing a statement this evening that claims President Barack Obama's "secret" plan "increases spending by more than $1 trillion above the current baseline."
"In other words," Sessions adds, "spending will increase $1 trillion above the already projected growth after enactment of the Budget Control Act as part of the last debt deal. It achieves not one dollar in net spending reduction or debt reduction, and it continues the country on a dangerously unsustainable debt path."
A new chart from the minority side of the Senate Budget Committee details the fact that, since January 2009, for every person added to the labor force, 10 have been added to those not in the labor force. Here's a chart showing the dwindling labor force:
Senate Democrats and Republicans unanimously rejected President Obama's proposed budget this afternoon. The final vote tally was 99-0.
Likewise, the House also unanimously rejected the budget in March.
Prior to the vote, Senate Budget Committee ranking member Jeff Sessions blasted the budget. "It was voted 414-0 in the House this year," said Sessions. I suspect in an hour or so it will go down again on the floor of the Senate by unanimous vote. That speaks a lot. That says a lot. It indicates the sad state of affairs in which we are in. It's deeply disappointing."
The people at Public Notice have a new, 30-second television ad excoriating the U.S. Senate on the third anniversary since the body last passed a budget. The ad, which will air on D.C.-area broadcasts and on national cable stations on Sunday, urges senators to "stop pointing fingers and start doing your job." Watch the ad below:
Senate Budget Committee chairman Kent Conrad (D-N.D.) indicated late Monday he was prepared to hold a markup on a budget proposal Wednesday afternoon. But at a press conference in the Capitol on Tuesday, Conrad said tomorrow would only be “the beginning of a markup” and that a vote on the budget likely won't happen until after the November election.