Congress Averts A National Debt Crisis on Aug.2,2011
‘’National Debt Crisis ‘’legislation
On Mon. Aug 1,2011 the House passed the ‘’National Debt Crisis ‘’legislation and immediately forwarded it over to the Senate. The leaders of both parties announced on Sunday that an agreement was reached and the agreement would be presented to members of Congress for voting for an approval of the legislation.
On Aug 2,2011, the Senate passed S.365 ‘’ Budget Control Act of 2011 ‘’ by a vote of 74 yeas- 26 nays.
A deficit reduction bill was first introduced in the Senate on Feb. 2, 2011 by Senator Harkin. House Speaker Boehner has previously said that he was in discussions with President Barak ’’ I ’’ Obama in Feb. regarding the national debt limits problems .One must wonder as to why the legislation took so long to finalize.
Shortly after the Senate voted to approve the House‘s third house approved bill , President Obama spoke to the public. The President announced that Congress averted a government default by meeting the Aug 2nd deadline. President Obama said that Congress still has more work to do. Now that the crisis was averted, the number one goal for Congress and President Obama is to direct their efforts to help the economy and the private sector to create job opportunities to reduce unemployment.
The signing of the ‘’ Budget Control Act of 2011 ‘’ legislation into law took place in the oval office. Normally when the President signs an important bill, he is surrounded by leaders of both parties of Congress. For whatever reasons President Obama did his photo op, signing the document, giving the impression that only he was the important party to the success of getting Congress to act. It appeared as just another Hollywood production for President Barak ‘’ I ‘’ Obama. Sad to say that the President never came forth with a deficit plan of his own before Congress finally acted.
Under the leadership of the Obama administration and the Democrat controlled Senate, one must wonder why the promise of a 72 hour time frame to review and debate a bill prior to voting on the legislation wasn’t enforced. All the behind door meetings trying to coming to an agreement don’t seem appropriate if government wants to be transparent to the citizens.
Now that the legislation (S.365) has been approved, many Republican and Democrat party members were not happy with the results. Tea Party elected members of the House and Senate were a visible force to be reckoned with by the Congressional leadership. Tea Party member’s actions and involvement in negotiating terms had an impact ON NEGOTIATING the final settlement. The country is experiencing a new kind of fresh air in Washington and Congress.
According to the mainstream media there were no outright winners and or losers. The Tea Party members of Congress were being labeled as terrorist by the media and some members of Congress. We the people who elected them now have a voice and true representation. New blood has been injected in the US Government and change has come to Congress.
Is the battle over for now, very unlikely. The next challenge for the leadership is to select and appoint the 12 man committee to review and agree on the so called cuts in the agreement . Senator Reid claims there will be tax increases, Senator Mc Connell claims there are no tax increases. The ink has hardly dried and different aspects of the bill seem to differ.
The House has approved a 2012 budget ( Ryan Budget ) which was sent to the Senate back in Feb. The Senate promptly voted down the House’s budget upon it’s arrival in the Senate. The Senate has yet to present a 2012 budget some 360+ days late according to the rules of Congress. The CBO projected that the 2011 budget ending Sept 31,2011 will have a $1.25 trillion deficit. The 2011 budget was not approved until a majority Republican house was elected in Nov 2010.
Where does the country go from here now that the national debt limits have been increased? The first 2012 budget presented by President Obama in Feb to the Congress had a $2.5 trillion deficit. The Senate voted the Obama budget down 97-0. President Obama has not presented a revised 2012 budget, the Senate has no 2012 budget. Two thirds of our government is not working, wonder why? One half of congress is not doing it’s job. President Obama ‘s statements ‘’that Congress needs to do their job‘’ is only half the truth.
The House of Representatives sent two’’ deficit reduction ’’ bills to the Senate that were not allowed to be placed on the Senate floor for debate, amendments or a vote denying our elected representatives, who represent the people, their right to a vote.
With the national debt limit situation resolved, will the 2012 budget battle begin or will Obama and company stall out the year as President Obama and the Democrats did with the debt crisis? The battle will begin when Congress returns from the break in Sept. In 2008, presidential candidate Barack Obama made the creation of jobs, a number one issue in the 2008 election. Jan.2009 , the newly elected President again spoke of the need to create jobs to reduce unemployment and stimulate the economy, the result was the $858 billion stimulus package. Today unemployment remains over 9% and the economy has not improved as expected in the past 2.5 years that the Obama Administration and a majority controlled Democrat Senate has been in office.
On Aug 3,2011, President Obama urged Congress to approve the FAA budget that expired putting government employees on furlough. The facts are that Congress is composed of the Senate and the House of Representatives. Obama is calling for the Republicans and Democrats to come back to Washington and approve the FAA bill. The fact is that the House has already approved the BILL and sent it to the Senate where Senator Reid did not take up the bill. Apparently the Senate needs to get back to work and take care of business. President Obama NEEDS TO BE MORE ACCURATE IN HIS STATEMENTS.
It was announced by Senator Reid on Aug . 5, 2011 that the Senate has approved a short term extension of the FAA bill .It is expected to be signed by President Obama on Sat. Aug 6,2011.
Today, Standard and Poor announced that the credit rating for the US Government has been lower one point. The reason for the downgrade was that the ‘’deficit reduction ‘’ bill did not provide sufficient cuts to keep the highest rating.
When Congress returns to Washington, will Congress take immediate actions as to Senator Coburn’s exposure of government waste of billions of dollars in our government? It’s time for the government to put some skin in the game! A living wage is not an unemployment check as some in Congress believe.
The Senator Coburn Report
DEFICIT WASTE IN the US GOVERNMENT see video
Your Author Jon Ewall
Jon's website http://www.chicagoconsultant.com/page1.php
Your author is a online marketing consultant of products offered on the internet. Jon’s website blog contains a variety of interesting subjects and articles that he has written