President seeks rescission authority
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President Obama recently indicated that he wanted Congress to give him line-item veto authority. Today, Politico reported that President Obama will send a proposal to grant rescission authority to Congress:
President Obama today will propose an alternative to the line-item veto, sending Congress the Reduce Unnecessary Spending Act of 2010. Under this new expedited procedure, the president would submit a package of rescissions shortly after a spending bill is passed. Congress would be required to consider these recommendations as a package, without amendment, and with a guaranteed up-or-down vote within a specified timeframe. The White House bills this as part of a larger effort the president has undertaken to rein in wasteful spending.
We applaud President Obama for this effort and hope that Congress commits to cooperating with the President on this important action. The American people want more fiscal responsibility in Washington and future generations will depend on it. Washington’s profligate spending has put our country on a path toward financial ruin. Granting the President rescission would be a small step in the right direction.
However, approving this measure is not an acceptable substitute for Congress passing a responsible budget. Congress is currently 39 days past its own budget deadline, and all evidence points to the fact that it does not plan to pass a budget this year.
If we hope to avoid the financial chaos currently rocking European governments, something must be done to put our fiscal house in order. The truth is that if we simply reduced spending per household to the average level it was in the 1990s we could balance the budget within a couple of years. Contact your Representative and Senators. Tell them that you want Congress to pass a responsible budget that cuts spending.