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Debt Wish: What Were The Cons?

Posted: January 26, 2013 at 10:20 am   /   by

Debt Wish: What Were The Cons?

“Explore the pros and cons.”  That’s what Roll Call reports Senate Budget Chair Patty Murray, D-Wash., directed her staff to do after more than 1,300 days without a budget. In that time, Washington has produced annual trillion dollar deficits and increased our national debt by $5.3 trillion.  Considering that passing a budget is one of the most basic and fundamental responsibilities of governing, Bankrupting America has a simple question for the chair: What were the cons?

Senate Budget Chair Spends Three Weeks Weighing The Pros/Cons Of Passing A Budget: “Three weeks ago, incoming Senate Budget Chairman Patty Murray, D-Wash., directed her staff to explore the pros and cons of actually crafting a budget resolution. … In the days before the New Year’s Day fiscal cliff deal, Murray still had not decided whether a formal budget process was the best way to articulate the Democratic Party’s position. … So when she tasked her staff to weigh the relative benefits of developing a budget, the major question she posed was whether the formal budget process was the best vehicle for Senate Democrats to ‘aggressively articulate a vision while putting us potentially on a path to bring this fiscal-debt-deficit debate to a close,’ one source said.” (Meredith Shiner, “Murray Hopes To End Her Party’s Budget Dry Spell,” Roll Call, 1/23/13)

  • FLASHBACK: “Murray: Can’t Guarantee 2014 Budget.” “I am committed to working with our committee and with our Congress to put a budget in place but there are a lot of questions in front of us: What happens in the next two weeks, six weeks, year? Does the White House and the leadership come together on some solution to the budget that we have right now that precludes a budget being written next year?” [Murray] said. “I have no idea.”  (Erik Wasson, “Murray: Can’t guarantee 2014 budget,” The Hill, 11/15/12) is an educational project of Public Notice, an independent, nonpartisan, non-profit, 501(c)(4) organization dedicated to providing facts and insight on the effects public policy has on Americans’ financial well-being.

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Debt Wish: What Were The Cons?