GOP CONGRESS SIGNING OFF ON TWO YEAR BUDGET THAT WOULD EMPOWER OBAMA

[WestVirginiaRebel]

Breitbart:

GOP leaders in Congress are preparing to rush through a two-year budget that would leave President Barack Obama with roughly $40 billion in extra domestic spending, plus an unfettered ability to attack undefended conservative causes via his regulations and management directives.

 

Last last night, Congress released the outlines of the 144-page deal, which is slated to last until October 2017.

 

Leaders are “clearing the barn” of high-priority spending disputes, said Daniel Horowitz, the senior editor at Conservative Review.

 

But GOP leaders and legislators “are refusing to use the power of the purse” to win voters’ policy priorities, he said. They “are essentially nullifying James Madison’s plan to give Congress the power of the purse,” Horowitz added.

 

If Republicans “will not fight [for conservatives’ goals with] the budget… it is systematic breakdown of [constitutional] checks and balances,” he said.

 

In practical terms, he said, GOP politicians “are allowing Obama in his most final, most dangerous year, to do whatever he wants to transform the country.”

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Their work is done...

[Draggingtree]

Shoring up the Debt Ceiling Agreement: Terms of Credit Act Can Help

Baker Spring October 30, 2015 0 COMMENTS

There are two significant weaknesses in the recent debt ceiling agreement: 1) It departs from the balanced budget plan adopted earlier this year; and 2) it skirts the requirements of the budget process. The Terms of Credit Act drafted by the House Republican Study Committee can be used to address these weaknesses.

 

Congress and the Administration have reached an agreement that suspends the debt ceiling until March 2017, while increasing appropriated spending, restraining entitlement spending and taking steps to increase revenues. This agreement, within its confines, is an acceptable outcome for three reasons. First, it sets aside the risk of a breach of the debt ceiling or default by the federal government on its debt obligations. Either of these outcomes would have very likely shaken the confidence of markets in the “full faith and credit” of the federal government in a way that would have imposed serious damage on the economy. Second, it does not raise tax rates. Third, it sets a precedent for future steps to rein in out-of-control entitlement spending, thereby addressing the real cause of the fiscal crisis the federal government faces.

 

In fact, the Senate had to vote to waive the application of the Congressional Budget Act in order to permit the adoption of the bill

 

https://ricochet.com/shoring-up-the-debt-ceiling-agreement-terms-of-credit-act-can-help/