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Tuesday, February 22, 2011

Status Quo: Senate Democrats Can’t Find Any Government Spending to Cut



Posted by Don Seymour on February 22, 2011
The federal government is on track to run up the largest one-year deficit in history and the third consecutive deficit above $1 trillion, creating more uncertainty for small businesses and threatening job growth. That’s why the House passed legislation over the weekend that would keep the government funded through October while also makingthe largest spending cut in history.
But so far, Senate Democratic leaders would rather shut down the government than bring the House-passed bill to a vote. Just like their counterparts in the HouseSenate Democrats can’t seem to find any spending they’d cut.
Instead, Senator Chuck Schumer (D-NY) says keeping government spending at current levels for now is “the most logical thing to do.”
By that he means the bloated levels of the failed “stimulus” spending binge. Analysis by the House Budget Committee found that since 2009 Democrats have “increased non-defense discretionary spending by nearly 25 percent – an 84 percent increase when you include the stimulus.” The Democrats who run Washington want to lock in that bloated level. Here’s a chart from the Budget Committee:
Senate Majority Leader Harry Reid (D-NV) also insists on keep governing spending at these bloated levels in order to “avoid a shutdown.” But why do we have to keep spending money we don’t have – borrowing and adding more debt onto the backs of our kids and grandkids – in order to “avoid a shutdown?” Republicans passed a bill that would “avoid a shutdown” and cut spending to create a better environment for job growth – all Senator Reid has to do is bring it to a vote.
Speaker Boehner said, “Senate Democratic leaders are insisting on a status quo that has left us with a mountain of debt and a stalled economy with unemployment near 10 percent.” Instead of “creating more uncertainty by spreading fears of a government shutdown,” Boehner says Democrats should “start telling the American people what – if anything – they are willing to cut.”

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