A majority (58%) of voters support keeping the bipartisan spending limits put in place from the Budget Control Act. Just 28% support abandoning the 2011 agreement and agreeing to a combination of spending and tax increases. Republicans, Independents, and Democrats all prefer keeping the limits in place over getting rid of them.
It was reported today that some members of Congress will oppose any continuing resolution to fund the government that keeps in place the bipartisan agreed to spending levels in the Budget Control Act of 2011, essentially committing to shut down the government if spending isn’t increased.
Two years ago, Washington came together to reach a historic bipartisan compromise to reduce out-of-control federal spending, otherwise known as the Budget Control Act. Now, as another fiscal fight over the continuing resolution awaits lawmakers this fall, will they be able to come together once more and keep their commitment to the American public – or is Washington headed for another shutdown showdown?
Treasury Secretary Jack Lew made the rounds on the Sunday shows this weekend with a tough job to do: 1) take credit for the spending cuts that the White House fought tooth and nail against, and 2) explain why they now want them to be reversed.
Washington cannot continue to saddle future generations with massive debt, which is why the sequester passed with bipartisan support in the House and theSenate. Americans understand that spending too much is what got us into this mess, and raising taxes to fund more spending is the last thing we should do. If Washington wants to stop the sequester, it needs to find $85 billion in offsetting cuts – not offsetting tax hikes.
At its current pace, Congress will have a lot of work to do after the November election. In what is commonly referred to as a lame-duck session, Congress won’t have to worry about re-election, making it possible to pass bills that may have otherwise stalled, before the new Congress takes effect.
If you believe the national debt and the federal budget deficit are urgent priorities, then last’s week’s debate on the floor of the House of Representatives offered insight into why it’s so difficult to restrain government spending.
Five budgets failed in the Senate last week, and the House attempts to spare the Defense Department from the sequester called for in the Budget Control Act. Gretchen Hamel, executive director of Public Notice, joins G. Gordon Liddy to discuss.
It’s been over three years since Congress has passed a budget. The obstacle to getting a budget enacted: the U.S. Senate. Both President Obama and the House of Representatives have met their obligations, issuing budget proposals each year, while the Senate sits on its hands.
Let’s say you’re in the market for a new car. You head to the dealership, where you sit down with a salesman to negotiate what you want and how much it will cost. But arriving at an agreement you thought was satisfactory to both parties, the salesman immediately starts trying to renegotiate the terms of the sale to the dealer’s advantage.