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SEQUESTER: The Horror!
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The Spectacle Blog
The House today passed the official Republican budget offered by Paul Ryan by a 228 to 191 vote. The ten Republicans who voted no mostly opposed it from the right. This followed a 414 to 0 rejection of President Obama’s budget and a 382-38 rejection of a bipartisan plan based loosely on the Simpson-Bowles recommendations.
The House Democrats offered their version of a budget, which was defeated by 262 to 163.. The Republican Study Committee budget, which I wrote about earlier this week, failed 285 to 136. The Congressional Black Caucus’ alternative was voted down 314 to 107. The Congressional Progressive Caucus budget proposal got just 78 votes to 346 nays.
View all comments (16) | Leave a comment
More Blog Posts by W. James Antle, III
http://spectator.org/blog/2012/03/29/new-house-budget-math
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C Bowen | 3.29.12 @ 7:10PM
Paul TARP Ryan's bold plan to balance the budget by 2040...the Ruling Class Dems and Repubs are having a good laugh right now over drinks at bars I cannot afford.
aware| 3.29.12 @ 7:31PM
Yep.
Zbigniew Mazurak| 3.30.12 @ 3:10AM
Actually, it would take 3 decades to balance the budget only under CBO's ridiculous static scoring method.
Even so, under that method, it cuts the deficit down to 182 bn USD in FY2017.
If DYNAMIC SCORING were applied, based on the conservative, Kudlowian, supply-sider assumption that Ryan's massive tax cuts and tax simplification would revive the economy and increase federal tax revenue, it would show the budget balancing under the Ryan plan by FY2017. Vide:
http://spectator.org/archives/.....er-than-yo
C Bowen | 3.30.12 @ 6:57AM
Supply-side is not conservative, rather a political tactic that allowed Republicans to cut taxes without cutting spending.
It has clearly been a disaster for conservatives. Kudlow is schizophrenic on monetary policy--I once caught back to back columns of his arguing for a weak then strong dollar--I don't get the sense he really understands such things.
Derek Leaberry| 3.30.12 @ 9:59AM
Correct. The reason why supply-siders are not conservative is that they want to use increased tax revenue to paper over high spending which they do not wish to cut. Supply-siders see nothing wrong with big government. They are only too happy to fund big government.
As for Kudlow, he is schizophrenic in his "Catholicism" as well. He doesn't seem to realize that Catholics should worship only our Lord and not Supply-Side economics or absolute free-market capitalism.
C Bowen | 3.30.12 @ 1:31PM
As Kudlow supported TARP to bailout his Wall Street friends, I'd say he is a lousy mistress to Free Market Capitalism as well.
Clint| 3.29.12 @ 8:34PM
" Presidential candidate Rep. Ron Paul (R-Tex.) termed the effort “very disappointing,” in a Tuesday statement. And he’s now been joined by fellow GOP candidate Rick Santorum, who told Glenn Beck later Tuesday that he believed Ryan’s spending plan is a “great blueprint” but he believes “we need to cut government spending faster” than the $5.3 trillion Ryan has proposed slashing over the next decade."
WL| 3.30.12 @ 1:36AM
Yeah...and Ron Pauls bleacher bum ass is sure to pass and fix everything....and you can put that in the bank...with all of the other ZERO, IMAGINARY, DON'T EXIST, FANTASY bills his sorry butt hasn't gotten passed in a whole bunch of years in the congress....
When are you going to see the truth Clint???? R. Paul isn't anything more that a vacuum for occupying some of the rights most fervent and sincere people...(kinda like you Clint. We both know how I feel about your stuff, and it ain't good...but I know you folks ARE REAL)...
I just think the sharpest edges of the political blade are rotting in the world of Ron Paul and his TOTALLY INEFFECTIVE leadership.
Very telling that he poo poos anything that could have at least a reasonable chance of seeing the light of day....but he sure has been quiet since the Mittster has been making his latest moves to seal this thing up????
Clint| 3.30.12 @ 7:58AM
DR. RON PAUL “PLAN TO RESTORE AMERICA”
SPENDING:
Cuts $1 trillion in spending during the first year of Ron Paul’s presidency, eliminating five cabinet departments (Energy, HUD, Commerce, Interior, and Education), abolishing the Transportation Security Administration and returning responsibility for security to private property owners, abolishing corporate subsidies, stopping foreign aid, ending foreign wars, and returning most other spending to 2006 levels.
http://www.ronpaul2012.com/the.....e-america/
Sean| 3.29.12 @ 9:24PM
The Republicans have shown that they are not serious about cutting the budget.
fashion bag | 3.30.12 @ 7:04AM
The Congressional Black Caucus' alternative was voted down 314 to 107
outlet gucci | 3.30.12 @ 7:04AM
The Congressional Progressive Caucus budget proposal got just 78 votes to 346 nays
Zbigniew Mazurak| 3.30.12 @ 7:52AM
"The House today passed the official Republican budget offered by Paul Ryan by a 228 to 191 vote. The ten Republicans who voted no mostly opposed it from the right."
Really, James? From the right? Just like the C4G and FW, right?
AFAIK, they oppose it primarily because, horror of horrors, it prevents the sequestration (and therefore gutting) of America's defense, by an additional 600 bn bucks on top of the 487 bn greenies already mandated to be cut from defense by the BCA and the 400 bn greenbacks cut out of defense programs by Obama from Jan 2009 to April 2011.
Wishing to gut defense - by sequestration or through any other method - is a LEFTIST policy, and the Democrats support it. Therefore, those who are attacking the Ryan Plan for saving defense from sequestration are attacking it from the LEFT.
I do not need to remind you that supporting a strong defense, and therefore robust funding for it, is an irremovable part of conservative philosophy, do I? :)
Oh, and one last thing: it would be great if Chairman Ryan's supposedly conservative critics (as well as his overtly leftist denouncers) could come up with a plan that actually stands a chance of passing the Congress.
Marc Jeric| 3.30.12 @ 12:02PM
Thinking about paper money printing machines or degrading gold and silver coins by admixtures over the 3,000-year history of civilizations; it is a sure and unavoidable sign of eventual disaster. And our politicians are fatally addicted to those machines – an addiction without known cure. Another sign of unavoidable catastrophe is when one receives a tax bill with one’s name on it – it is the one sure sign that the individual has become a slave to his government. Historical examples abound of such disasters – Roman Empire, Persian Empire, Spanish Empire, French Empire, British Empire, and Weimar Republic, to mention just a few. The only legal taxes are the property taxes, the commercial transactions taxes, the transport and transfer taxes, and temporary taxes during wars. One just cannot print a couple of trillion dollars year after year without any backing and hope to avoid a runaway inflation. We are told that the unemployment rate is only 8.3%; not so – if one includes those who have exhausted their unemployment benefits and those who were forced to take early retirement then the true unemployment rate is about 18%. The official inflation rate does not include the costs of food and energy – and those precisely are the main costs of living and survival. Then add to this deadly situation the government employees unions where the present union bosses “negotiate” with former union bosses that the unions elected to govern us, and you get the true recipe for utter disaster and eventual bankruptcy and revolution. A young professional 40 years ago started his career with a monthly salary of $600; today he starts with $8,000/month. Just a very few years from now he will start with $200,000 per month. And then the new dollar will be introduced, similarly to the French example where the new frank was equal to 100 old franks (1958), or in Brazil where the new cruzeiro was worth 1,000 old ones (1973). I should know – I lived and worked in those two countries when that happened.
David @ Engage America | 3.31.12 @ 5:12PM
There is no question that entitlement reform must happen. Even the trustees of the Social Security Trust fund agree that if the system isn't fixed then our budget problems will continue to mount. Whether we raise the wage cap, increase the retirement age to keep pace with longevity, or start means-testing, something must be done. http://1.usa.gov/sBU5SU
While the Ryan plan isn't perfect, it is the only plan that brings the discussion of entitlement reform to the forefront of politics and that is the most important thing.