Examiner Editorial: Democrats’ budget plan: Tax and spend more 

House Majority Leader Steny Hoyer said Wednesday that Democratic congressional leaders have opted not to propose a budget this year.

“It isn’t possible to debate and pass a realistic, long-term budget until we’ve considered the bipartisan commission’s deficit-reduction plan, which is expected in December,” he said.

This means Congress won’t pass an annual budget plan for the first time since enactment of the Budget and Impoundment Control Act of 1974. But make no mistake: Congressional Democrats already have a budget plan. It’s called “spend and tax, then spend more and tax more.” It’s the budget plan that House Speaker Nancy Pelosi and Senate Majority Leader Harry Reid brought to town with them after their party regained Senate and House majorities in the 2006 election. President Barack Obama enthusiastically signed on with Pelosi and Reid when he took office last year.

The Democratic spend-and-tax budget plan is why federal outlays have skyrocketed $1.8 trillion since Obama entered the Oval Office and taxes have increased by $658 billion. It’s also why the annual federal deficit has exploded to $1.5 trillion and the national debt now exceeds $13 trillion.

These figures underline Texas Republican Rep. Jeb Hensarling’s contention that “Democrats refuse to bring a budget to the floor because they want no limit on what they can spend, not even a speed bump on the way to national

It’s also why nobody is fooled when Democratic leaders promise, as Hoyer did Wednesday, that Congress will now pass a “budget enforcement resolution” to affirm those frequently cited PayGo rules and “enforce fiscal discipline in the near term.” (The PayGo rules mean, as Obama has said, that Congress “can’t spend a dollar here without cutting a dollar somewhere else.”) Yet, the rules have been violated at least 14 times during the 111th Congress, even as $230 billion in new “emergency spending” was approved. As ABC’s Jonathan Karl recently reported, that emergency spending included such gems as $20 billion for new highway construction, $54 million in tax breaks for TV and movie producers and $15 million in aid to Congo.

These budget decisions have dire consequences for all Americans, including undermining “economic growth and job creation, fueling our dependence on foreign creditors and accelerating our fiscal day of reckoning here at home,” according to House Budget Committee ranking minority member Rep. Paul Ryan, R-Wis.

There is a way out of this fiscal nightmare, however, which Ryan and Hensarling are describing this week in an Examiner three-part series starting today. The series can also be read online at www.sfexaminer.com.

About The Author

Staff Report

Staff Report

A daily newspaper covering San Francisco, San Mateo County and serving Alameda, Marin and Santa Clara counties.
Pin It

More by Staff Report

Latest in Editorials

© 2018 The San Francisco Examiner

Website powered by Foundation