Senator Patty Murray (D-WA) floated a memo to her fellow Democrats on the Senate Budget Committee outlying the need for ′revenues to be included′ in their federal budget outline. This comes as House Republicans passed a measure extending the debt ceiling for four months under the condition that the Senate Democrats must pass a budget, something they have not done in about 1367 days. Rep. Paul Ryan (R-WI), head of the House Budget Committee, will be sending a budget proposal shortly that will balance the budget within 10 years. Sen. Harry Reid (D-NV) has been blocking any budgets from being passed in the Senate, but may be ready to let one go through now. Especially since Murray, Barack Obama, and he are all committed to raising more tax revenues. Also, as part of the new debt ceiling agreement, paychecks for members of Congress will be held in escrow until a budget is passed.
In a new Fox News poll, 83% of likely voters in America think that the federal government spends too much money. Even Sen. John Kerry (D-MA) told the Senate Foreign Committee yesterday during his first confirmation hearing to replace Hillary Clinton at the State Department that getting the nation′s fiscal house in order should be viewed as an international security issue. That our credibility as a world leader is questionable as we sink further and deeper in debt.
Yet, during his Inauguration Day speech, Obama made it quite clear that he has no stomach for making any serious spending cuts. Certainly nothing concerning entitlement programs like Social Security or Medicare which are bankrupting the nation. The Social Security Disability Trust Fund will run out of money in 2016 unless something is done to shore it up. All of the trust funds for the major entitlement programs face calamity within the next 10-20 years.
Time is running out for America. Some economists believe the ship of state has already sunk. I have serious doubts that Patty Murray will be able to come up with anything practical in the Senate Budget Committee. Senate Democrats have been punting the ball for some 1367 days now, so why should we expect any changes? While Rep. Paul Ryan has his act together with the House Budget Committee, there is only so much that House Republicans can do to save America from the likes of Barack Hussein Obama and Harry Reid.