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It's taken four years, but the Senate finally passed a budget in the early hours of yesterday...

It's taken four years, but the Senate finally passed a budget in the early hours of yesterday morning. The $3.7T proposal would lower U.S. debt through increased taxes for higher earners and would repeal $1.2T in sequestration. Unsurprisingly, the measures are rather different from a package that the House approved earlier in the week.
Comments (8)
  • Whether it's Washington or Cyprus no one want's to go down in history as an enemy to people.
    24 Mar 2013, 04:41 AM Reply Like
  • [The $3.7T proposal would lower U.S. debt through increased taxes for higher earners and would repeal $1.2T in sequestration.]

     

    Therefore, DOA in the House.
    24 Mar 2013, 09:44 AM Reply Like
  • It's called tax and spend....the era of centrist democrats like Clinton is now officially over..........
    24 Mar 2013, 07:00 AM Reply Like
  • Depends on who is in office, both parties spend, spend when they occupy the White House. Republicans were on Clinton's a$$ for the 8 years he was in office just like they have been on Obama. Really nothing changes.

     

    Where are and who is a centrist Republican?
    24 Mar 2013, 03:39 PM Reply Like
  • Shockingly! DC politicians can get together to agree to spend more of your money. Gosh, who could have predicted that!
    24 Mar 2013, 07:02 AM Reply Like
  • The media does a real disservice when it reports any of these negotiations as lowering the debt. None of these proposals "lower U.S. debt", whether Democrat or Republican, Senate or House. They merely slow the rate of increase of the debt. We're going to borrow money for at least another ten years. Even with the $85B sequestration, 2013 expenditures are still larger than 2012's.

     

    What's driving all this? Social engineering... which were never a mandate of the Federal Government, somehow has evolved into these huge "non-discretionary" expenditures. Presently about 2/3s of every dollar spent (or about equal to all revenues collected form every source), go into these social entitlements. Those are the facts. And no matter how much of the "budget" is dedicated to social engineering, it will never be enough, for many voters.
    24 Mar 2013, 11:08 AM Reply Like
  • Do you suggest that they cut your SS and Medicare that you paid for all your life? Or just some other age group. I say fix the dam$ problem by 1) quite spending SS dollars and 2) solve the cost side of medical care in this country.
    24 Mar 2013, 03:46 PM Reply Like
  • YEP...go to Single Payer like the rest of the civilized world (health care should NOT be a profit making, "whatever the market will bear" Enterprise). And QUIT getting into expensive wars! Especially when you don't pay for them at the time and keep them out of the budget like Bush did. Everyone forgets Obama put the ongoing costs back into the budget.
    24 Mar 2013, 04:40 PM Reply Like
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