The fight is all about PAY-GO legislation .OBAMA AND THE DEMS PASSED IT TO LOOK GOOD BEFORE THE 2010 ELECTION. Extending the payroll tax holiday costs the treasury $100 billion+. The Republicans will agree to pass it BUT the Dems want to add the cost to the deficit .IT 'S A DOLLAR FOR DOLLAR DEAL. You spend, you cut governmenet somewhere.
2/13/10 2:04 PM EST (TODAY IS NOV.30,2011)
President Barack Obama is hailing pay-as-you-go budget legislation he
signed Friday night as one in a series of crucial steps needed to snap
Washington out of a destructive pattern of overspending.
“Now, Congress will have to pay for what it spends, just like everybody
else,” Obama said in his radio and Internet address released Saturday
morning. “After a decade of profligacy, the American people are tired of
politicians who talk the talk but don’t walk the walk when it comes to
fiscal responsibility. It’s easy to get up in front of the cameras and rant
against exploding deficits. What’s hard is actually getting deficits under
control. But that’s what we must do.”
The PAYGO compels NEW SPENDING or TAX CHANGES to not add to the
federal deficit. Not to be confused with pay-as-you-go financing, which
is when a government saves up money to fund a specific project. Under
the PAYGO rules a NEW proposal must either be "budget neutral"
or offset with savings derived from existing funds. The goal of this
is to require those in control of the budget to engage in the diligence of
prioritizing expenses and exercising fiscal restraint. The interest on
the national debt is $1 billion a day and rising. The unfunded
liabilities of the country is $104 trillion.
The House passed a 2012 budget in Feb, Obama and the Senate have not submitted a 2012 budget which according to rules was to be completed in Feb 2011.Two thirds of our GOVERNMENT is AWOL.
President Obama and the Democrat majority controlled Congress
disregard the Laws and in some instances the Constitution.