Wednesday, March 28, 2012

Freshman Mulvaney’s attempt to bring fiscal sanity to D.C.

By Rick Manning

As originally published at
On the same week that Washington’s political punditry runs wild with analysis on the Supreme Court’s oral arguments on the constitutionality of ObamaCare, and the rest of the country is busily checking their NCAA basketball tournament brackets, the House of Representatives will debate three visions for the fiscal course of our nation.

Incredibly, it is more than likely that this fundamental argument about our nation’s very future will not even make a wave in the public discourse.

It is anticipated that the House of Representatives will vote on the president’s fiscal 2013 budget proposal, which never balances the budget and which the nonpartisan Congressional Budget Office reports will leave the nation $6.4 trillion more in debt in the next 10 years. Even as Senate Majority Leader Harry Reid (D-Nev.) vows to continue his ostrich-like policy of not bringing up the president’s plan, or even attempting to pass any budget, the House will give the Obama budget the consideration it deserves.

House Budget Committee Chairman Paul Ryan (R-WIs.) will also be offering his budget, which includes some modest up-front deficit reduction and even more modest Medicare reforms. Ryan’s proposed budget will bring the federal budget to balance in 2040. Yes, if everything goes exactly as scripted in Ryan’s budget, today’s 18-year-olds can look forward to a federal balanced budget when they turn 46.
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