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2021-04-16 Home Front: Politix

Senate Republicans push for national commission to balance budget

[WASHINGTONEXAMINER] Senate Republicans will introduce legislation Thursday to create a new bipartisan national commission to reduce the deficit and balance the federal budget within 10 years.

Republicans are concerned about runaway government spending and how it will be funded after Congress spent nearly $6 trillion in pandemic relief last year while the Biden administration is gearing up to spend trillions more.

"We are on an unsustainable trajectory. We’ve become numb to the word ’trillion,’" said Sen Cynthia Lummis, a Wyoming Republican and the lead sponsor of the Sustainable Budget Act.

"At the rate we are going, the United States could soon spend more money on interest on the national debt than it does on defense," Lummis told the Washington Examiner before the bill’s introduction.

The legislation will be co-sponsored by Republican Sens. Joni Ernst of Iowa, Ron Johnson of Wisconsin, Mike Rounds of South Dakota, and Kevin Cramer of North Dakota.

The bill would establish within the legislative branch a new entity known as the "National Commission on Fiscal Responsibility and Reform."

The purpose of the commission would be to find policies to improve the fiscal situation of the federal government in the medium and long term by balancing the national budget.

In particular, this would include "changes to address the growth of entitlement spending and the gap between the projected revenues and expenditures of the Federal Government."

Posted by Fred 2021-04-16 00:00|| || Front Page|| [24 views ] Top

#1 ...As long as we're dreaming, can I have a pony? The spending isn't going to change, just the reasons for it - and it's entirely too late in any event.

Before the damned Chinese Flu, we probably had 8 or 9 years to do something, and none of the things would have been very palatable at all. Now, we are literally making up money out of thin air, and nobody cares any more. I truly expect the wall to smack us in the face just in time for the 2024 elections.

Mike

Posted by Mike Kozlowski 2021-04-16 06:13|| 2021-04-16 06:13|| Front Page Top

#2 Right. You had the House, Senate, and Executive in early 2000. You did nothing. That's why the Tea Party got started and the Trunk leadership did all it could to kill it. It's going to take a destructive crash before anything changes that includes a radical downsizing of the national government and its programs.

Posted by Procopius2k 2021-04-16 07:41|| 2021-04-16 07:41|| Front Page Top

#3 Political theater and bullshi@. Nothing more

Posted by Besoeker 2021-04-16 08:08|| 2021-04-16 08:08|| Front Page Top

#4 Another whiff of bullshit - note the proposed timeframe. Paul Ryan (who used to talk a really good game at this stuff) also talked in decades. It's like the global warming / climate change doom goblin shit - so far over the horizon it'll never materialize.

Posted by Raj 2021-04-16 08:55|| 2021-04-16 08:55|| Front Page Top

#5 It's not about the budget. It's about the size, scope and power of government at all levels.

It never has ceased to grow.

Posted by badanov 2021-04-16 09:37|| 2021-04-16 09:37|| Front Page Top

#6 You had the House, Senate, and Executive in early 2000. You did nothing. That's why the Tea Party got started and the Trunk leadership did all it could to kill it.

Quite a few of those Republicans have retired, Procopius2k, replaced by young Trump Republicans — assertive, combative, pro-law and order, pro-gun, pro-smaller government. In Ohio we have three competing to replace Senator Mike DeWine, an embarrassment of riches.

Posted by trailing wife 2021-04-16 17:48|| 2021-04-16 17:48|| Front Page Top

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