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  • Trillion Dollar Stimulus Just First Bite at Spending Apple

    Whatever agreement comes out of the House-Senate conference on President Barack Obama’s Trillion Dollar Debt Plan is completely irrelevant. Whatever spending that Sens. Susan Collins (R-ME), Olympia Snowe (R-ME), and Arlen Specter (R-PA) get taken out of the bill, will just get included in future legislation. Budget process expert Stan Collender explains:

    Even if the president doesn’t make a request for additional fiscal stimulus, there will a number of already scheduled opportunities for more stimulus to be enacted. I’m even willing to predict that more will be adopted in the not too distant future if it is needed.

    The congressional budget process will provide the means for this to happen.

    The continuing resolution put in place last Fall to cover the nine 2009 appropriations that were not enacted by the start of the fiscal year will expire on March and additional spending almost certainly will be added to the levels currently in place just a week or so after the stimulus is signed.

    The Obama 2010 budget will start that year’s budget process and the appropriations for that year will provide another opportunity for an additional economic jolt this Fall.

    But even more important, the 2010 budget process could include a reconciliation bill that increases spending or reduces revenues or both that, because of the rules, won’t be subject to a filibuster in the Senate. In addition, the budget resolution that has to be adopted before a reconciliation bill can happen also can’t be filibustered.

    Not only will that make another stimulus bill much easier to enact, it’s also something that could happen any time after the budget resolution is adopted so the process could be completed relatively early this year and the stimulus provided quickly.

    So don’t think for a second Obama’s Trillion Dollar Debt Plan marks the end of Washington’s historic deficit spedning binge. It is just the latest float in the Bush-Obama Borrow-Bailour Parade.

    Posted in Ongoing Priorities [slideshow_deploy]

    One Response to Trillion Dollar Stimulus Just First Bite at Spending Apple

    1. Peter says:

      Interesting summary of the legislative process that shows that there are ways to get around the system using the rules.

      It also shows that the system is broken due to the obscure complications of the process. It is a certainty that our founding fathers had NO intention for the system to work this way! The complexities in the rules have been built in by decades of politicians subversive efforts to corrupt the legislative process and minimize / remove the power of the people. This is what needs to really be "changed" if things are ever to get better!

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