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View Diary: President Obama leaves door open for smaller fiscal cliff package (95 comments)

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  •  The House Appropriations Subcommittees have (0+ / 0-)

    already written bills that incorporate spending cuts. They've been passed by the full Appropriations committee and either passed by the full House or placed on the Calendar for a vote. Most of them have already passed. They went to the Senate for their votes, but they either weren't voted on at all or not passed.

    The reports that come from the Budget Committee chaired by Paul Ryan don't actually count for all that much since spending (even spending that's "cut" from prvevious years) has to come from the Appropriations Committee.

    They still have to pass the Senate which will probably require conferences. It's a big, bureaucrtic mess.

    BTW, don't believe the crap you here about PBO not "passing a budget."  There's a specific due date for "The Presidential Budget Request," I think it's the first Monday in February each year. Of course, PBO has met the deadline every year and his budget is complete and meticulous. Here's PBO's budget for 2013.

    “Social Security has nothing to do with balancing a budget or erasing or lowering the deficit.” -- Ronald Reagan, 1984 debate with Walter Mondale

    by RJDixon74135 on Fri Dec 21, 2012 at 05:58:02 PM PST

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    •  But said budget...DOES NOT FUND the Government (0+ / 0-)

      It lays out how monies are to be spent.

      The actual funding method is done by 13 appropriations bills, which the House must create and pass, and then the Senate votes on. Note -- these bills do not have to conform to the limits set in the President's budget.

      So the refusal to raise the debt ceiling is like buying a bunch of stuff on a credit card (the appropriation bill) and then refusing to pay the bill.

      All raising the debt ceiling means is allowing the Treasury Department to sell more Savings Bonds and T-Bills. Most of the debt represented by those bonds/bills is owned by citizens of the United States.

      •  Right Moonspinner, that's what my post says (0+ / 0-)
        The reports that come from the Budget Committee chaired by Paul Ryan don't actually count for all that much since spending (even spending that's "cut" from prvevious years) has to come from the Appropriations Committee.
        I included a link to PBO's 2013 Presidential Budget Request to show that he HAS done his part, and extremely well. In fact, PBO's Presidential Budget Request for 2013 was prepared in accordance with the Budget Control Act of 2011 which is a law, not a request or a report. That is, PBOs budget request included the 2013 tranche of cuts leading to a $917 billion of cuts to be achieved over 10 years. If the Appropriations Subcommittees had followed that law, this would all be done.

        “Social Security has nothing to do with balancing a budget or erasing or lowering the deficit.” -- Ronald Reagan, 1984 debate with Walter Mondale

        by RJDixon74135 on Sat Dec 22, 2012 at 11:42:53 AM PST

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