Week in Review: Spending Battle Begins
On Thursday, it began. House Budget Committee Chairman Paul Ryan (R-WI) announced funding levels for the remainder of Fiscal Year 2011. Heritage Action has been quite clear – while the proposal is a start, it falls $42 billion short of the Republicans’ Pledge to America.
Predictably, the left was outraged. The AP declared it a move to “slash programs.” Senate Majority Leader Harry Reid (D-NV) declared the plan “unworkable” and “draconian.” The liberals at Salon.com characterized the cuts as a “war against the poor and sick.”
Our nation is facing a serious fiscal crisis – trillion dollar deficits as far as the budget modelers can chart. Liberals appear repulsed by the idea that ANY non-military spending could be cut. President Obama proved the point this week as he announced his latest green energy initiative. Notably absent from his plan was a cost estimate.
The Washington Establishment is also fighting against spending cuts. ABC News reported:
a top staffer for the key Senate Appropriations subcommittee called for a meeting of lobbyists and interest groups that would be affected by expected cuts to the Labor and Heath and Human Services budget. The Jan. 24 meeting was attended by approximately 400 people, sources told ABC, and served as a “call to arms” for those determined to fight Republican budget cuts.
Too many people in Washington are determined to keep your taxes high so they can spend your money. That must change. Want to help?
Debt: Treasury Secretary Timothy Geithner, well known for his hyperbolic statements, has warned Congress that not raising the debt limit would lead to “catastrophic economic consequences that would last for decades.” Nonsense. This week, the administration announced that the nation has more time – probably the end of May – before we hit that limit. Even then, there will be no crisis. Congress should take a very sober look and use the debt limit as an opportunity to rein in spending and fix what is broken. (h/t Reboli, P.)
Obamacare: U.S. District Court Judge Vinson ruled that Obamacare is unconstitutional “because activity is required under the Commerce Clause, the individual mandate exceeds Congress’ commerce power.” This important decision comes on the heels of the Virginia ruling also striking down the individual mandate and marks an important victory in resetting the proper limits of the federal government. In addition, the Senate voted on straight partisan lines on repeal and conservative pledged to continue the fight. (h/t Holland, J.)