House Budget Committee product balances budget over ten years

  • Stuff that didn’t make Drudge, at least yet*
  • Is it fake news, or is it just a rumor
  • Must be good – Nancy Pelosi already demagoguing  it
  • Budget work does not make the Kansas mistake

Thanks to Doug Kelly, of our southern ~~ libertarian  ~~ command, for bringing it to our attention.

House Unveils Budget That Balances, Achieves $9 Billion Surplus, Increases GDP to 2.6%

Budget’s implementation of tax reform and repealing and replacing Obamacare aims to increase economic growth

From Ali Meyer writing at The Free Beacon, quoting from the Budget Committee Chairman Diane Black (excerpts)

The budget not only balances within a decade, but aims to increase economic growth by implementing tax reform and reducing government regulations, as well as reforming several government programs to ensure taxpayer dollars are used efficiently and appropriately.

The committee notes that under the Obama administration, federal spending grew at a rate that increased the debt to unprecedented levels. They found that if spending continued along this path, in the next 10 years there would be $9.4 trillion more added to the debt. Instead, the House is introducing a budget that reins in this spending and puts the government on a path that will balance in the next decade in order to pay down debt.

“Overall, our budget achieves $6.5 trillion in deficit reduction, resulting in a $9 billion surplus in 2027,” the committee said. “We do not do this simply by cutting spending and reducing the size of government. Rather, our budget also enables states to find solutions that work for them, and it empowers individuals and small businesses to increase economic output and unleash the power of the American free market.”
….

Rep. Diane Black (R., Tenn.) who chairs the budget committee said that the status quo is unsustainable and that the budget is the first step in having an optimistic vision for the future.

“In past years, our proposals had little chance of becoming a reality because we faced a Democratic White House,” Black said. “But now with a Republican Congress and a Republican administration, now is the time to put forward a governing document with real solutions to address our biggest challenges.”

“It will lay out a path to balance, promote job creation, give our military the resources they need to protect our nation, and hold Washington accountable,” she said. “This budget also sets out reconciliation instructions to fix our broken tax code and make long-overdue reforms to mandatory spending.

That we noticed, Drudge either has not listed this or did not do so for very long if he did. It would seem to merit the time provided, shall we say, lesser items he finds intriguing.  It is significant because it is fulfillment of Republican campaign promises.

Will it be amended to hell? Perhaps. And maybe that is the presumption behind the rather sparse attention. Depends on Ryan of course and then McConnell. Still, it rates ongoing attention we should think. The Democrats will use it to stir the troops.  Republicans should do the same, not the violence Pelosi Democrats are planning, but rational defense and communication. We really do have compelling arguments more powerful than the Democrats. Now if Republican congressional leadership and party leadership down to the county level would come together in a chorus, a balanced budget could pass.

The latter group is as key as any. Local leadership needs to “find their tongue”. Rock Island County Republican leadership has done a commendable job in directly confronting Democrats through earned media.  Scott County leadership of late, not so.

Drudge for a short time did post Nancy Pelosi’s reaction but without a “balancing” or antecedent link to what the Budget Committee did,  that we are aware of.

Nancy Pelosi: Republican budget stirs up violence

The budget, as least as far as we can tell from the sketch provided, does not make the Kansas legislature mistake of presuming growth from tax cuts and a better small business climate will carry excessive spending immediately.  Cuts must be made and shifts of responsibility must occur to the governing entity closest to the problem to be addressed (and many problems are not government problems and should not be addressed by government).

We are not persuaded that budget responsibility was previously impossible because of Obama.  Where there is will there is a way, and the way was the U.S. Constitution which gives the power of the purse to the legislative branch. But we will give “atta boys and girls” when they are due, which we extend to the House Budget Committee based on this report.

R Mall

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