For the first time since modern budgeting was introduced with the Budget Act of 1974, the House failed to even write a budget. This in a year of extraordinary deficits, rising uncertainty and jittery financial markets. Gold is going through the roof. Confidence in the dollar and the American economy is falling — largely because of massive overhanging debt. Yet no budget emerged from Congress to give guidance, let alone reassurance, about future U.S. revenues and spending.
That’s not all. Congress has not passed a single appropriations bill. To keep the government going, Congress passed a so-called continuing resolution (CR) before adjourning to campaign. The problem with continuing to spend at the current level is that the last two years have seen a huge 28 percent jump in non-defense discretionary spending. The CR continues this profligacy, aggravating an already serious debt problem.
Democrats haven’t passed a budget while they spent so much time forcing through an unpopular measure to overhaul our nation’s health care system!?!? Do they think their job is to appease their base clamoring for reform while ignoring their basic obligations?
I wonder what one of Mr. Reid’s most loyal acolytes, a Mrs. B. Boxer of California, has to say about this. Instead of waiting for her response, just send her a message by supporting the woman seeking to restore some fiscal sanity to the United States Senate.