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May 2012
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debt reduction
Water Over Gold asked:


It’s interesting how Democrats know they’re going to need more money, yet they don’t have a budget………..WTF??

http://news.yahoo.com/s/ap/us_hoyer_taxes#mwpphu-container

A top House Democrat said Tuesday that tax increases will eventually be necessary to address the nation’s mounting debt, raising a difficult election-year issue as Democrats fight retain control of Congress……………….”As the House and Senate debate what to do with the expiring Bush tax cuts in the coming weeks, we need to have a serious discussion about their implications for our fiscal outlook, including whether we can afford to permanently extend them before we have a real plan for long-term deficit reduction,” Hoyer, a Maryland Democrat, told a forum on deficit reduction.

The tax cuts will be a big political issue in many congressional elections this fall, providing potential fodder for both political parties. Democratic leaders have yet to lay out a schedule for dealing with the tax cuts, but many rank-and-file Democrats want to extend them before the elections, so they can campaign on passing tax cuts for the middle class.
I’m talking about a CONGRESSIONAL budget, not WH projections.

Tiffany

One Response to “Has the Democrat-controlled congress passed a budget yet? (for the current fiscal year)?”

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