Friday, October 21, 2011

An End to Budgetary Trickery > When is money it spends considered money saved? When Congress says so.

[This is a primer on how our politicians trick and cheat us as they lead us to the Grecian formula! Read the detail! – JS]

From budget.senate.gov

“The whole art of government,” Thomas Jefferson wrote in 1774, “consists in the art of being honest.” Yet Washington today relies on budget gimmicks to enable and conceal countless billions in federal deficit spending—skirting the rules and misleading the public…

The place to start is with the budget itself. For two years in a row, the Democratic-led Senate has failed to adopt a budget as required by law. Meanwhile, our gross national debt has climbed to almost $15 trillion—as large as our entire economy. Our bill puts in place a 60-vote threshold before any appropriation bill can be moved through Congress—unless both houses have adopted a binding budget resolution.

The bill also eliminates other budget tricks including:

  • Emergency Spending…
  • Phony Rescissions…
  • Fake Federal Pay Freezes...
  • Timing Shifts...

Read the rest here …