facebook linkedin twitter

Blue Dogs Support Taking a Bite Out of Skyrocketing National Debt

December 11, 2019 by Dan McCue

WASHINGTON – The Blue Dog Coalition of House Democrats on Thursday threw their support behind H.R. 5211, The Sustainable Budget Act of 2019, which would create a fiscal commission charged with balancing the federal budget within a decade.

The bill was introduced by Rep. Ed Case, D-Hawaii, co-chair of the centrist coalition’s Task Force on Fiscal Responsibility, and Rep. Steve Womack, R-Ark.

The legislation has received praise from the nonpartisan Committee for a Responsible Federal Budget (CRFB).

The Sustainable Budget Act would charge a National Commission on Fiscal Responsibility with proposing strategies designed to balance the federal budget within ten years and improve the long-term federal fiscal outlook.

The commission would also recommend ways to address the growth in entitlement spending. It would be comprised of 18 members, including members of both parties.

“The underlying cause of our accelerating national deficit and debt is our collective inability to prioritize fiscal responsibility,” Rep. Case said. “We need an external bipartisan task force to focus independently and comprehensively on the deficit and debt.”

Rep. Ben McAdams, D-Utah, the other co-chair of the Blue Dog Task Force on Fiscal Responsibility and Government Reform, said on Thursday, the budget process in Washington is broken.

“The only way we can return to getting a balanced federal budget is to change what we’re doing now with the goal of returning to sound budgeting principles and policies,” he said.

The commission’s final recommendations would be due to Congress no later than one year after the Commissioners are appointed. 

If the proposal is supported by at least 12 members of the committee, including at least four members of each party, it would receive expedited consideration in the House and Senate.

Federal Budget

October 21, 2021
by Dan McCue
Budget Hawk Urges Congress to Reject ‘Extenders’ to Get Reconciliation Deal

WASHINGTON - With Congressional Democrats reportedly within days of an agreement on a slimmed down reconciliation spending package, a well... Read More

WASHINGTON - With Congressional Democrats reportedly within days of an agreement on a slimmed down reconciliation spending package, a well known independent budget hawk is urging them not to resort to “blatant budget gimmicks” to move the initiative toward passage. Specifically, Maya MacGuineas, president of the... Read More

October 13, 2021
by Dan McCue
House Approves Temporary Extension of Debt Limit

WASHINGTON - Surprising no one, the House did what it had to do Tuesday night, extending the nation’s borrowing authority... Read More

WASHINGTON - Surprising no one, the House did what it had to do Tuesday night, extending the nation’s borrowing authority -- otherwise known as the debt ceiling -- until Dec. 3. President Joe Biden is expected to sign the legislation, which passed in the Senate last... Read More

Senate Avoids a US Debt Disaster, Votes to Extend Borrowing

WASHINGTON (AP) — The Senate has dodged a U.S. debt disaster, voting to extend the government's borrowing authority into December... Read More

WASHINGTON (AP) — The Senate has dodged a U.S. debt disaster, voting to extend the government's borrowing authority into December and temporarily avert an unprecedented federal default that experts warned would devastate the economy and harm millions of Americans. The party-line Democratic vote of 50-48 in... Read More

October 7, 2021
by Dan McCue
Accord Reached on Raising the Nation’s Debt Limit

WASHINGTON -- Senate Democrats have taken Senate Republican Leader Mitch McConnell, R-Ky., up on an offer that will temporarily end... Read More

WASHINGTON -- Senate Democrats have taken Senate Republican Leader Mitch McConnell, R-Ky., up on an offer that will temporarily end a political standoff over raising the nation’s debt ceiling by allowing an emergency extension into early December. “We have reached an agreement,” Senate Majority Leader Charles... Read More

October 6, 2021
by Dan McCue
McConnell Makes New Offer On Debt Ceiling

WASHINGTON -- Senate Republican Leader Mitch McConnell, R-Ky. made a new offer to Senate Majority Leader Charles Schumer, D-N.Y., on... Read More

WASHINGTON -- Senate Republican Leader Mitch McConnell, R-Ky. made a new offer to Senate Majority Leader Charles Schumer, D-N.Y., on resolving the current Senate impasse over raising the nation’s debt limit. The immediate effect of the offer was for Senate Democrats to delay a vote Wednesday... Read More

As GOP Obstructs, Biden Escalates Warnings of Default

WASHINGTON (AP) — President Joe Biden is escalating his campaign to get Congress to lift the federal debt limit, hosting... Read More

WASHINGTON (AP) — President Joe Biden is escalating his campaign to get Congress to lift the federal debt limit, hosting business leaders at the White House Wednesday and warning in a new report that failure to extend the government's borrowing authority could set off a global... Read More

News From The Well
scroll top