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View Diary: More on the House GOP's new debt limit ransom demand, and by ransom demand I mean complete surrender (93 comments)

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  •  Thanks. Many people are confused as to (8+ / 0-)

    what a budget is. The current budget process is the creation of a Budget and Impoundment Control Act of 1974 that attempted to force some discipline on the spending process. But it doesn't authorize or require any spending. It is merely designed to set caps and provide direction on what can be in each of the 13 appropriations acts.

    The process starts when the president submits his budget for fiscal year 2014 in early February. At that point each of the Houses begins their process of working with the President's numbers and deriving their own budget resolutions. Assuming they can accomplish that, and those budget resolutions are passed, they then try to reconcile the House and Senate versions to come up with a single budget resolution.

    Further, affiant sayeth not.

    by Gary Norton on Sat Jan 19, 2013 at 08:49:18 AM PST

    •  Well hell I'd be confused too (1+ / 0-)
      Recommended by:
      Hohenzollern

      If Congress went through this amazing process to create a budget in a democratic fashion and then bargained away huge relevant chunks of it in last-minute negotiations.

      Budget?  That's what Biden and McConnell came up with, right?

      •  No. They agree on actual legislation that (2+ / 0-)
        Recommended by:
        ferg, paradox

        amended the tax code on issues of rates, deductions, and the child credit, etc., and other laws such as the unemployment insurance law.

        Further, affiant sayeth not.

        by Gary Norton on Sat Jan 19, 2013 at 10:04:39 AM PST

        [ Parent ]

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