The Thousand Day Budget Myth Syracuse Journal-Democrat
There’s been a rumor going around that says the Senate has now gone about 1,000 days since passing a budget resolution. What the rumor mongers aren’t aware of or are not telling people is that last year, instead of a budget resolution, the Senate and the House passed, and the President signed, a budget control law.
Frankly I actually do not think the Budget Control Act is a particularly sound law outside of the spending caps it enforces. The law was created under duress by House Republican leadership in order to get their Member’s support for an increase in the debt ceiling. Regardless of my distaste for a great deal of the law, the spending caps it includes are positive and serve effectively as a budget resolution.
Fact Versus Myth
It’s true that we did not adopt a Budget Resolution last year. But what is a budget resolution? What is its purpose? A budget resolution is essentially a congressional document that never becomes law and its central function is to establish a discretionary spending cap usually just for one year at a time.
State And Municipal Debt: Tough Choices Ahead (Part 1 of 3)
State And Municipal Debt: Tough Choices Ahead (Part 1 of 3) - House Oversight Committee - 2011-04-14 - House Committee on Oversight and Government ...
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