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The bill would blatantly disregard the Budget Control Act (BCA) of 2011 that requires Congress to adhere to budget caps – This bill goes above and beyond, busting the caps by nearly $300 billion over two years, more than twice that of the past two, two-year deals combined
As Matthew Clemente pointed out in his last entry, the national debt will surpass GDP as soon as 2012. Unfortunately, it gets more frightening—according to the 2008 Financial Report of the U.S. Government, the government has already promised $65 trillion in Medicare and Social Security—more than the GDP of the entire world. Even this figure is already outdated: consider the additional promised payouts with the passing of the healthcare bill.
If the Democratic lawmakers in this video use reconciliation to gain passage of the currently pending health care bill, then it becomes clear that these same Democratic lawmakers are hypocrites in their own right. In this video, Democratic lawmakers claim that reconciliation is an irreponsibile power grab. Well if reconciliation is an irresponsible power grab, then why are these same Democratic lawmakers who denounced reconciliation deliberately choosing to use it?
A fair share of congressional Democrats have expressed confusion and dissatisfaction with President Obama’s 2011 FY budget proposals. Since the budget was released, it has increasingly been subject to heavy scrutiny and criticisms among Democrats. In addition to fiscally conservative Republicans, a growing number of Democrats are realizing that, in many ways, Obama’s budget is impractical and too costly.
President Obama’s newly released budget proposal clearly indicates that he is not focused on decreasing our country’s fiscal deficit anytime soon. Instead, Obama plans on spending $3.8 billion of taxpayer money that taxpayers can’t afford.
The Office of Management and Budget has released President Obama's Budget for the 2011 fiscal year. Below is a link for the 2011 FY budget in PDF format.
http://www.whitehouse.gov/omb/budget/fy2011/assets/appendix.pdf
The following links include information regaring the 2011 Fiscal Year Budget.
FreedomWorks Foundation, American Legislative Exchange Council, Tea Party Patriots and Committee to Unleash Prosperity in partnership with a coalition of conservative organizations and prominent individuals, launched the Save Our Country Task Force.