Friday, December 16, 2011

Congress Fails on Spending, Yet Again

While this chart is labelled "Obama Budget", in reality, it is Congress that holds the purse strings. Appropriations of taxpayer funds are in the control of the House and the Senate. They have not been effective in reigning in spending.
It has been some 1,000 days since the Senate passed a budget. It is clear that fiscal discipline is not emerging from that chamber anytime soon. And the House, which in April passed a budget resolution that would have set America on a stronger fiscal path, began the year with such great promise. The new leadership in Washington, ushered in by the Tea Party wave of 2010, pledged to be serious stewards of the people’s pocketbook. With December 15th's mega-omnibus bill, those who were eager to right the fiscal ship have been silenced by leadership that prefers bigger government, higher spending, and slinking out of the Capitol with an appropriations package that comes up short by spending too much. Get the details here.

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