Wednesday, January 23, 2013

Last Time Senate Passed a Budget ‘The iPad Hadn’t Even Been Introduced’

(CNSNews.com) – “The first fundamental responsibility of any elected official is to pass a budget,” House Majority Whip Kevin McCarthy (R-Calif.) told reporters on Capitol Hill Tuesday evening.
The Republican-led House has done so.  But “what’s the history of the Senate?” McCarthy asked.  “The last time they passed a budget, the iPad hadn’t even been introduced.”
The Democrat-led Senate last passed a budget on April 29, 2009. Apple’s iPad was not made available to Americans until a year later, in April 2010.
McCarthy noted that when Republicans gained a majority in the House after the 2010 midterms they passed Budget Committee Chairman Paul Ryan’s (R-Wis.) budget within four months, on April 15, 2011.
House Republicans on Wednesday expect to pass a bill that will extend the debt limit for three months, postponing what loomed as a major fight between Republicans and Democrats over spending cuts.
The bill also contains a provision withholding the pay of lawmakers if either chamber fails to pass a budget plan by April 15.
McCarthy said the nation has racked up trillion-dollar deficits every year the Senate has failed to produce a budget:  “Nobody would expect to be paid if they didn’t do their job.  No budget, no pay,” he said.
By failing to pass a joint budget resolution, the federal government has operated on a series of continuing resolutions, or short-term appropriations bills that maintain funding at current levels. Since 2009 -- which includes all of Obama’s first term – annual budget deficits have not dropped below $1 trillion.
The budget deficit for fiscal year 2009 was $1.4 trillion, followed by $1.3 trillion deficits in 2010 and 2011.  In fiscal year 2012 the deficit again surpassed the $1 trillion mark, the Treasury announced in October.
And as CNSNews.com recently reported, during Barack Obama’s first term, the debt of the federal government increased by $5.8 trillion, which exceeds the combined debt accumulated under all presidents from George Washington through Bill Clinton.
http://cnsnews.com/news/article/mccarthy-last-time-senate-passed-budget-ipad-hadn-t-even-been-introduced

No comments:

Post a Comment

Obama Cashes In on Wall Street Speeches