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  • House and Senate Cloakroom Report: February 14th-18th, 2011

    House Cloakroom Report: February 14th-18th

    Analysis:

    An interesting week in the House of Representatives will ensue with the Continuing Resolution (CR) to fund the government for the remaining part of the fiscal year coming to the floor to be debated under an open process. Additional cuts were pushed to the forefront throughout last week by House conservatives demanding stronger action to tackle America’s abysmal debt. A package from the Appropriations Committee was proposed on Friday evening in the range of $100 billion in cuts relative to President Obama’s fiscal 2011 budget request.

    Legislation to extend expiring provisions of the Patriot Act through December 8, 2011, is expected to come under a rule and be voted for at some point later in the day on Monday. Also on Monday, the Obama administration will release its 2012 budget and the House Budget and Ways and Means Committees will hold hearings on their proposals.

    Major Floor Action:

    • CR – The current CR expires on March 4 and will need a further extension to complete the remainder of the year.
    • H.R. 514 – To extend expiring provisions of the USA PATRIOT Improvement and Reauthorization Act of 2005 and Intelligence Reform and Terrorism Prevention Act of 2004

    Major Committee Action:

    • The House Ways & Means Committee and the House Budget Committee will both hold full committee hearings on the “Fiscal 2012 Budget”
    • The House Oversight & Government Reform Subcommittee on Technology, Information Policy, Intergovernmental Relations and Procurement Reform will hold a hearing on “Unfunded Mandates and Regulatory Issues”.
    • The House Energy & Commerce Subcommittee on Environment and Economy will hold a hearing on “Environmental Regulations, the Economy and Jobs”.
    • The House Judiciary Committee will hold a full committee hearing on the “Constitutionality of the Individual Mandate” and a subcommittee hearing on “Public Employee Pensions and State Financial Problems”

    Senate Cloakroom Report: February 14th – 18th

    Analysis:

    The Senate returns to Washington after a brief recess for the Democratic Retreat on Monday to resume consideration of the FAA Reauthorization Bill. A few votes will be held Monday evening on judicial nominations, but beyond that, it is unclear how much of the week will be consumed with votes on amendments to the FAA Bill. There are multiple amendments filed to the bill, including an amendment sponsored by Senator Wicker (R-MS) that would prohibit the TSA from unionization, but it’s not clear if Senator Reid will allow a vote on the amendment.

    Expect the Senate to begin action on the Continuing Resolution (CR) as soon as the House completes work and sends it to the Senate for consideration.

    Major Floor Action

    • S. 223: FAA Reauthorization Bill

    Major Committee Action

    Posted in Ongoing Priorities [slideshow_deploy]

    5 Responses to House and Senate Cloakroom Report: February 14th-18th, 2011

    1. Pingback: Tweets that mention The Foundry: Conservative Policy News. -- Topsy.com

    2. George Colgrove, VA says:

      Reckless Federal Spending Mid-February 2011 update

      February seems to be looking like a frugal month for the federal government. Early numbers are showing a reduction in overall national debt by a marginal $20 billion (0.14%) from the beginning of the month. So far a good sign of the feds showing restraint.

      From the recently released US Treasury “Monthly Treasury Statement” – Feb, 2011 and from the “Daily Treasury Statement” – Jan 31, 2011 here is the following debt update:

      So far, receipts are up over last year by $65.3 billion ($573 per taxpayer), however based on the rate the feds have collected so far, they may be higher by only $113.3 billion for the entire year compared to last year.

      FY11 Spending to date has increased by $53.4 Billion over last year with spending projected to be $75.4 billion over last year – so far.

      The annual debt thus far has gone up by $418.8 billion (four months). At this rate, the annual debt for the year will be $1.26 trillion – $11.9 billion over last year. Since the last report I wrote, the numbers went down a little. So far this year 36% of the federal budget is covered by debt – this represents a 4% drop from the numbers I saw at the beginning of the month. Last year the overall debt percentage was 37%.

      At 36% debt spending, the figurative date the federal government runs out of real money during FY11 (Oct. – Sept.) is May 9th. After that date all paychecks, entitlement checks, contract payments and all other expenditures from the federal government is being added to the national debt and is going to be paid for by generations yet to be born – if there is a country to pay for those debts.

      FY 2011 [Monthly Debt - millions]

      October [140,432] – (lower by $35,931 from FY10)

      November [150,394] – (more by $30,107 from FY10)

      December [78,134] – (lower by $13,276 from FY10)

      January [49,796] – (more by $7,162 from FY10)

      So far this year the federal government has slowed debt spending by $11.938 billion over the first four months. Meaning we are using slightly less debt than last year so far this fiscal year.

      Current debt at the close of January 2011 is $14.078 Trillion ($123,491 per taxpayer)

      The Statutory Debt Limit is $14.294 Trillion (Set on Feb 12, 2010 by the 111 congress)

      Available Credit is $215.5 Billion

      Average monthly debt increases thus far = $105 billion

      By the end of February 2011, the debt will likely be $14.183 Trillion at that rate.

      By the end of March 2011, the debt will likely be $14.288 Trillion at that rate.

      By close of business April 2nd, we will have run out of debt at that rate.

      By the end of September (close of FY11), the debt will likely be $14.918 Trillion ($624 billion over the limit and $130,860 per taxpayer and an increase of $1.26 trillion for FY11)

      It has been three months since the November Elections let us see what the federal workforce has done to honor the demands of the people.

      Current actions that reduce spending (does not include intent, planned reductions or pending legislation):

      - Obama: Freeze federal employee pay – countered by federal employees giving themselves merit bonuses, merit step increases and in seat promotions.

      Current actions that reduce the deficit (does not include intent, planned reductions or pending legislation):

      - None -

      Required 2011 (no more debt) Budget for remaining 8 months of FY11:

      (this is an exercise in absurdity – provided to give an idea of what a balanced budget woudl look like)

      Expected Revenue = $2.28 Trillion (based on receipts thus far)

      Spent thus far = $1.18 Trillion (four months)

      Remaining available revenue = $1,100 Billion

      Mandatory Spending (entitlements) = $368 Billion

      Defense = $166 Billion

      Government Operations and domestic programs = $213 Billion (based on GOP impotent attempt to cut “non-security” government by 31% – yet to be enacted)

      National Debt Interest = $353 Billion (assuming $77 billion has been paid at current rate)

    3. George Colgrove, VA says:

      As of 02-14-2011, we are going into debt by $1.26 Trillion this fiscal year FY11. This is at a rate of $104.69 Billion per month; $24.16 Billion per week; $3.45 Billion per day and $143.80 Million per hour. Every minute we are going into debt by $2.40 Million, and every second we are blowing through what a typical family earns in a year – $39,945.53.

      A four hour congressional hearing to discuss federal budget budget cuts puts America $575.22 Million more in debt, with nothing to see out of it.

    4. Joanne Walczak Gulf says:

      So I take from reading the above articles:Typical of D.C "Talk

      is cheap,doing the peoples will is another problem!!" Those awful

      pesky voters will just go away?Ya think?

    5. Leon Lundquist, Dura says:

      Gosh! George, nice work. The Federal Wage Freeze is another "kick them up to highest ever and freeze it there!" You can't call that 'savings.' What bothers me is why the Dems never put in a Budget? So here it is, Obama's first budget. It is a spending lollapoluza! Obvious isn't it? Demolition Plutocrats, Demo-crats have every intention of going off that budget cliff! But, no budget! For so long? Isn't it criminal negligence or something? You can't drive your car that way, the way they drive the Federal Government?

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