McConnell: I’ll put Obama’s budget up for a vote

posted at 12:10 pm on February 13, 2012 by Ed Morrissey

Barack Obama rolls out his new budget today, one that includes a $1.39 trillion on-budget deficit in the fourth budget year of his presidency despite an election-campaign pledge to cut deficits in half by this time.  The FY2008 budget, the last one signed by a President other than Barack Obama, had a projected deficit of $239 billion and an actual deficit of $641 billion, just for comparative purposes.  Even if we don’t give Obama credit for the FY2009 budget which Democrats refused to pass while George Bush remained in the White House and completed in an omnibus bill signed by Obama in March 2009, that actual FY2009 on-budget deficit was almost $1.6 trillion, which makes this new budget proposal a decline in annual deficits only a 13% decline over his own first budget, and a 117% increase over George Bush’s last signed on-budget deficit.

CNN naturally predicts a lot of “finger-pointing” when it comes to assigning blame for this situation:

When President Barack Obama rolls out his 2013 budget proposal Monday, it’s likely to unleash another round of political finger-pointing on Capitol Hill.

The White House bills the document as a “blueprint for how we can rebuild an economy where hard work pays off and responsibility is rewarded.”

While the White House and Democrats are advocating a balanced approach to economic growth — including spending cuts, increased tax revenue and investments in rebuilding infrastructure such as highways and bridges, Republicans will argue for deeper spending cuts and lower tax rates.

“Balanced”?  Ahem.  Obama promised to reduce the deficit by half in four years during the 2008 campaign.  What are the projections from the White House on budget deficits, even with all of the tax hikes they want included in the calculations?

The Obama budget proposal will project that the deficit for fiscal year 2012 will top $1.3 trillion, before falling in 2013 to $901 billion, or 5.5% of gross domestic product.

By 2022, the deficit is forecast to fall to $704 billion, or 2.8% of GDP, according to the White House.

The FY2013 projection for the deficit will still be a 38% increase over the annual deficit from Bush’s last signed budget.  The FY2022 figure is still an 8.5% increase over FY2008′s budget deficit.  And those only take place if Obama’s ruinous tax hikes manage to still produce economic growth, an assertion that the CBO found laughable a couple of weeks ago.

One House Democrat doesn’t feel terribly enthused by this budget or its assumptions of economic growth, calling it “a nervous breakdown on paper,” although his complaint is that it spends too little (via JWF):

This budget is a nervous breakdown on paper. And it’s not just President Obama. I think he’s put together a document that addresses education. We need to do it. Community colleges need to be upgraded. We got to have training for real jobs. We’ve got a lot of jobs that are going unfilled because we don’t have the technology in the heads of graduating college students to deal with them. …

We are still in a recession. We’re still struggling. Unemployment is still too high in every major city in the country. People are struggling. So for the federal government to turn the spigot off completely I think is to push the nation into a deeper economy. That’s not just me talking. Some of the top economists in the nation have said the same thing.

Some of the top economists might want to weigh in on how a budget that hikes taxes on business will grow “a deeper economy”:

President Barack Obama’s 2013 budget proposal, released on Monday, calls for raising hundreds of billions of dollars from U.S.-based global companies, while ending cherished deductions and tax breaks for oil companies and other big firms.

Resembling previous proposals from the White House, the latest plan renews Obama’s focus on raising taxes on the wealthy and reining in corporate tax avoidance.

But the plan is seen largely as a campaign document that looks ahead to Obama’s re-election challenge in November, with little chance of winning congressional approval.

Senate Minority Leader Mitch McConnell plans to take the “campaign document” and force Democrats to give it their endorsement — or rejection:

Senate Minority Leader Mitch McConnell said he is so confident that Democrats will not support President Obama’s budget, he plans to introduce the bill himself.

With Obama set to release his 2013 budget Monday, the Kentucky Republican said he will do the same thing he did last year when the Senate was trying to pass a budget.

“I offered President Obama’s budget, since the Democrats didn’t seem to want to develop their own budget and didn’t want to vote for his. His budget was defeated 97 to nothing,” McConnell said on CBS’s “Face the Nation.”

I suspect the President will improve his performance by about 20 votes — none of whom will be Democrats facing voters in November.


Related Posts:

Breaking on Hot Air

Blowback

Note from Hot Air management: This section is for comments from Hot Air's community of registered readers. Please don't assume that Hot Air management agrees with or otherwise endorses any particular comment just because we let it stand. A reminder: Anyone who fails to comply with our terms of use may lose their posting privilege.

Trackbacks/Pings

Trackback URL

Comments

Bludgeon the donkey senseless with this.

Oh right, the donkey is already senseless.

NoDonkey on February 13, 2012 at 12:13 PM

“blueprint for how we can rebuild an economy where hard work pays off and responsibility is rewarded.”

This is not how government operates.

Hard work doesn’t pay off, and irresponsibility is rewarded.

That is how government operates.

lorien1973 on February 13, 2012 at 12:13 PM

I suspect the President will improve his performance by about 20 votes — none of whom will be Democrats facing voters in November.

I don’t know… I think that a few very safe Senate Dims like DiFi (CA), Carper (DE), Whitehorse (RI), and Sanders (VT) could vote for this chunk of crap.

teke184 on February 13, 2012 at 12:14 PM

DOA. No way it’ll pass. Even Dems who want to vote for it will reject it to secure their political careers.

Yakko77 on February 13, 2012 at 12:17 PM

Smart move – Boehner – comes off the golf course to take the podium?

jake-the-goose on February 13, 2012 at 12:17 PM

The Senate dems will run screaming from it. They don’t need no stinkin’ budget … they have a king.

darwin on February 13, 2012 at 12:17 PM

It would be refreshing if the r’s did follow through and if reid doesn’t put it up for a vote, SLAM the daylights out of him! For once r’s grow a spine and put the blame where the blame needs to be. The r’s will get slammed by the bho, team, d’s and bhopress for a ‘do nothing’ so trun it around r’s!
L

letget on February 13, 2012 at 12:20 PM

I don’t give a rats ass what the big government McConnel says. he voted to increase the debt ceiling in August. He also voted in favor of the NDAA.

MoreLiberty on February 13, 2012 at 12:22 PM

I don’t see how such a bill can ever come to a vote with the fillibuster and all.

At least that’s what the Whitehouse tells me.

PackerBronco on February 13, 2012 at 12:22 PM

Oh wow! M&M is going to put it up for a vote!
…and then what? Mitch McConnell will make the people whose brain can fit inside of an M&M, vote on their own budget and accomplish what?

KOOLAID2 on February 13, 2012 at 12:25 PM

His budget was defeated 97 to nothing,”

It seems, once again, the president has made no effort to present a budget which might pass or at least comprise an honest attempt to offer up a realistic budget.

It seems that nothing Barrack Obama says, promises or presents is real.

Disingenuous does not begin to describe the deceit in this man and his minions.

We are going to have to come up with a whole new word to encompass the abject dishonesty of this administration’s posturings.

I nominate “Obamaspeak.”

MessesWithTexas on February 13, 2012 at 12:25 PM

budgets are no fun…let’s cook the books and build some Volts.

DHChron on February 13, 2012 at 12:26 PM

Does Cleaver still hear “voices” on the Capitol steps…?

d1carter on February 13, 2012 at 12:26 PM

According to both Jack Lew and Chuck Schumer it takes 60 votes in the senate to pass a budget. You should be safe but let’s see who’s on board anyway just for grins, eh Harry?

DanMan on February 13, 2012 at 12:35 PM

Like last year…we are here to accomplish nothing!
McDuefus and Bonehead!

KOOLAID2 on February 13, 2012 at 12:38 PM

I don’t see how such a bill can ever come to a vote with the fillibuster and all.

At least that’s what the Whitehouse tells me.

PackerBronco on February 13, 2012 at 12:22 PM

Not sure if you’re kidding or not. Your last line implies you are. And I can’t believe that Barry’s chief of staff was saying this crap on the news shows and NO ONE called him on it. Still, for those who didn’t know it, budgets are passed by simple majority. This one could not be filibustered. All that Barry needs is 51 votes…there are enough Democrats to do that…which is why Sen. McConnell is willing to bring it to the floor. He knows that it will result in another well deserved embarrassment for The One.

PorchDawg on February 13, 2012 at 12:40 PM

“All those voting “yea” on this big pile of worthless Obama crap, please make your way to the restrooms to register your vote.”

NoDonkey on February 13, 2012 at 12:41 PM

WHATEVER, Mitch McConnell.

SouthernGent on February 13, 2012 at 12:42 PM

Harry Reid will table it.

Still it’s a good idea.

wildcat72 on February 13, 2012 at 12:43 PM

Something we can all surely agree on is to oppose the president’s Budget and it’s priorities.
Crony capitalism, the New National Socialism needs to end with this President’s current term. No more bailouts for Wall Street. No more bailouts for Big Unions and the federal Bureaucracy.
Cut welfare for the wealthy. Cut stifling federal regulations and regulators.
Free our workers. Free our doctors. Free our teachers. Free our children.
Free Enterprise.
I’m watching the riots in Greece. The people trusted their government to pick winners and losers, and thought they would be winners because the government promised!
Think that can’t happen here?
Randy

williars on February 13, 2012 at 12:49 PM

Fair share!

cmsinaz on February 13, 2012 at 12:51 PM

I wish he would.

Bmore on February 13, 2012 at 12:52 PM

Before Obama broke all of the spending records George Bush did before him…and Santorum and other Republicans helped. That’s why he and a lot of other R’s like him were thrown out of office by huge a huge margin. I appreciate that Obama and the Democrats are worse but the Republicans are little better.

America still has its head buried in the sand. Washington and Wall Street is stealing the future from the young to buy the votes of the old and refuse to stop. The two parties are like Prince Prospero and his guests trying to shut out the Red Death while they party, but in this case the roles are reversed: Prospero and his guests are the disease while spending cuts are the cure.

But Republicans still haven’t learned, they are still committed to the status quo, for if they were serious about spending cuts there is only one serious candidate in the race, Ron Paul.

FloatingRock on February 13, 2012 at 12:54 PM

How soon can the House and Senate start voting?

Tater Salad on February 13, 2012 at 12:54 PM

Miss me yet?

–George W. Bush

Kinda, sorta.

–American People

Steve Z on February 13, 2012 at 12:57 PM

Heads up to all you morons that think the Senate can filibuster a budget – they can’t.

It only takes 51 votes for the senate to pass a budget.

MoreLiberty on February 13, 2012 at 1:12 PM

This is madness. What does the media think is going to happen to our safety net when China cuts off our money? How can anyone think it is better to have all entitlement checks stopped suddenly (As long as Obama gets his second term) than to cut them all by 10% or raise the age or income limits? Why are so few addressing this issue with any degree of sense?

talkingpoints on February 13, 2012 at 1:13 PM

This is madness. What does the media think is going to happen to our safety net when China cuts off our money? How can anyone think it is better to have all entitlement checks stopped suddenly (As long as Obama gets his second term) than to cut them all by 10% or raise the age or income limits? Why are so few addressing this issue with any degree of sense?

talkingpoints on February 13, 2012 at 1:13 PM

China can’t cut off our money, because if they do, the US dollar almost immediately collapses and their trillions in foreign reserves and the debt they hold goes up in smoke, vaporizing their economy (kind of like that MF Global money!)

There’s a reason China’s been frantically buying gold and oil, they’re trying to prepare for a post-dollar world while keeping us propped up as long as possible. The problem for them is dollar inflation mixed with high demand for gold and oil (which is at least partly due to said inflation) has set up a feedback loop which keeps sending gold higher and higher.

The other problem for China is the majority of the world’s gold reserves are held by the West.

So there is good reason that the liberals think we have essentially unlimited money. The problems will not really start until either we get a conservative Congress that forces us to take the bad-tasting medicine and stop spending, which will crash our GDP, or else the dollar enters hyperinflation and becomes worthless toilet paper, and the USA transforms into Mexico/Zimbabwe.

Doomberg on February 13, 2012 at 1:24 PM

I oooo-ooowe my soul … to the company store. In China.

jodetoad on February 13, 2012 at 1:30 PM

We are still in a recession. We’re still struggling. Unemployment is still too high in every major city in the country

And according to Nobel-Prize winning economists, raising taxes is the one thing you don’t do in that scenario.

SaveFarris on February 13, 2012 at 1:38 PM

Obama letter to unemployed carpenter: “It will probably take another year or two to fully dig our way out of this hole.” Maybe the real problem is we shouldn’t be trying to dig our way out of a friggin’ hole. Duh. http://www.ihatethemedia.com/

davidk on February 13, 2012 at 1:52 PM

Passing a budget requires the House, Senate, and President. At any point in time, one party is going to control a majority of those three.

I don’t think we emphasize enough that the real transition from Republican control to Democrat control was NOT in January 2009.

It was in January 2007, when Democrats took control of the House and Senate, and therefore majority control of the budgeting process.

The last time Republicans held majority control was December 2006. Unemployment was 4.4% and the national debt was under $8.7 Trillion.

Both unemployment and deficits have skyrocketed under DEMOCRAT control for the last 5 years!

Things were OK under Bush and the Republican majority in 2006. It’s not Bush who tanked this economy, but rather the Democrat majority (of which Obama was a part) that took majority control of the budgeting process over five years ago.

Are you better off now than you were five years ago?

If not, vote for conservatives this year!

ITguy on February 13, 2012 at 1:53 PM

This is all Bushhh’s fault. You know it, I know it, everybody knows it!/

angrymike on February 13, 2012 at 1:53 PM

with unemployment so high, why are we having the largest number if immigrants ever this year? seems kind of counter intuitive, but I may be missing something.

rgranger on February 13, 2012 at 1:59 PM

Well, in fairness to Odumbo, he was going to spend 2Trillion.
That means a cut, and savings of around 600Billion!!!

RedCrow on February 13, 2012 at 2:11 PM

Bhphphwaahahaaa yeah, let’s get this breakdown into a vote. I wanna see more of Valerie Jarrett’s psychosis.

jake49 on February 13, 2012 at 2:18 PM

More games on both sides. McConnell knows full well that this budget will not be passed by the Senate. Who cares if it’s put up for a vote. This is a waste of time this is.

lea on February 13, 2012 at 2:24 PM

H

eads up to all you morons that think the Senate can filibuster a budget – they can’t.

It only takes 51 votes for the senate to pass a budget.

MoreLiberty on February 13, 2012 at 1:12 PM

oy, don’t you know they are all ‘experts’ now…’paper tigers’ whose default setting is ‘bash O’Connel and Boehner’, but clueless enough to actually think that a budget bill can be filibustered….

jimver on February 13, 2012 at 2:34 PM

Obama promised to reduce the deficit by half in four years during the 2008 campaign.

C’mon, boys. You know it’s tough trying to live up to a lie.

timberline on February 13, 2012 at 3:02 PM

More games on both sides. McConnell knows full well that this budget will not be passed by the Senate. Who cares if it’s put up for a vote. This is a waste of time this is.

lea on February 13, 2012 at 2:24 PM

It’s all posturing….you know….egg on face….mine is bigger….etc.

timberline on February 13, 2012 at 3:04 PM

I would love to see some Rs vote for it in the Senate. Kind of like how the Dems got one R to vote for health care so they could call it “Bipartisan”. Turn the Dems into the “party of No”.

oconp88 on February 13, 2012 at 3:05 PM

I think he’s put together a document that addresses education. We need to do it. Community colleges need to be upgraded. We got to have training for real jobs.

“We got to?” You’re a fine example. Go back to school Emanuel.

/yea I know, RACIST!

Mr_Magoo on February 13, 2012 at 3:20 PM

I would love to see some Rs vote for it in the Senate. Kind of like how the Dems got one R to vote for health care so they could call it “Bipartisan”. Turn the Dems into the “party of No”.

oconp88 on February 13, 2012 at 3:05 PM

I checked HERE and I see no Repub votes for Obamacare in Senate or House. Did I miss someone?

timberline on February 13, 2012 at 3:32 PM

Barry was never any good at math. That’s what happens when you think just about everything should be “free”.

GarandFan on February 13, 2012 at 3:38 PM

I would love to see some Rs vote for it in the Senate. Kind of like how the Dems got one R to vote for health care so they could call it “Bipartisan”. Turn the Dems into the “party of No”.

oconp88 on February 13, 2012 at 3:05 PM

I checked HERE and I see no Repub votes for Obamacare in Senate or House. Did I miss someone?

timberline on February 13, 2012 at 3:32 PM

Yes you did.

Olympia Snowe – The Only Republican To Vote Obamacare Out Of Committee

http://www.youtube.com/watch?v=NhimkgtSr5c

McCain Hater on February 13, 2012 at 4:30 PM