Showing posts with label Senator Kyle. Show all posts
Showing posts with label Senator Kyle. Show all posts

Wednesday, August 3, 2011

Help Wanted: Must be a glutton for punishment, have a real good bladder and be able to spend some time in August at the job

Staying with what seemingly has become our topic du jour today, we thought we'd share some commentary from Roll Call's Daily Briefing:
  • HELP WANTED: Kyl (who ought to know, since he was the only Senate Republican at the seemingly-so-long-ago Biden summit) is suggesting these qualifications for people on the “supercommittee” that will be named by the end of next week to come up with another $1.2 trillion in deficit reductionbefore Thanksgiving: “A. Be a glutton for punishment; B. Have a real good bladder; and C. Be able to spend some time in August at this job, which none of us want to do.”
  • If that sounds like the ultimate thankless job, consider how low the expectations are already sinking that the six members from each party will be able to break the Gordian knot of entitlement cuts and tax increases.
  • And for the next three months, these six senators and six House members will be the singular focus of the entire multimillion-dollar universe of K Street lobbyists.
  • The pressure of their entreaties — both in person and through the barrage of grass-roots campaigns, social media blitzes and old-fashioned TV and print campaigns that will soon get off the ground — should test the mettle of even the steeliest lawmakers.
  • AUTOMATIC WEAPON: The reason for pessimism was underscored by Reid yesterday when he declared, without any wiggle room at all, that the panel will come up double zeros for sure unless at least one of the Republicans votes for higher taxes. “They will have no legislation coming out of that committee unless revenues are a part of the mix,” he said on NPR. “It’s a fact of life. And if they don’t like that, then they can look forward to the huge cuts that will take place in sequestration.”
  • The only thing in the panel’s favor, in other words, is that the prospect of the new law’s "trigger" was even less palatable than whatever the committee cooks up. The prospect of across-the-board cuts to defense spending that Obama and Biden got McConnell and Boehner to sign off on as their “consequence” for no November deal would so rock the Defense Department that it’s tough to imagine them actually being carried out.
Kind of gives credit to our former post.....

Friday, March 18, 2011

Hoping for Fiscal Restraint

According to the Hill, "GOP seeks sweeping reforms with balanced budget amendment" ( Michael O'Brien - 03/16/11), " A group of Republican senators are set to unveil a long-awaited constitutional amendment to require a yearly balanced budget." Unfortunately, the chance of such an amendment being approved by 2/3 of the House and Senate is only a dream. Nonetheless, this is exactly what this country needs.

With that said, here is the rest of the article:

"The sweeping legislation, which calls for an annual spending cap and a legally mandated balanced budget, with some exceptions, will be unveiled Thursday by five GOP senators: Jon Kyl (Ariz.), John Cornyn (Texas), Orrin Hatch (Utah), Mike Lee (Utah) and Pat Toomey (Pa.). The proposed amendment goes beyond requiring a simple balanced budget each year, and seeks to enact a series of other fiscal reforms.

Under the proposal, the president would be forced to submit a balanced budget to Congress each year. But Congress would also face certain constraints in its work to pass the budget.

The amendment would mandate that total outlays each year could not exceed total receipts by the government, unless both the House and Senate agree to an excess in outlays by a two-thirds vote. Any tax increase would also be required to pass both houses with the same two-thirds supermajority.

The Republican proposal would also cap spending each fiscal year at 18 percent of gross domestic product, a provision that could be waived by Congress during a time of war, or by a three-fifths majority of the House and Senate in a time of other military conflict.

Both the House and Senate would also be forced to cobble together three-fifths majorities to authorize an increase in the debt ceiling, according to the GOP measure.

The reforms would, if enacted, make it much tougher to authorize new spending.

The GOP amendment would need to be approved by a two-thirds majority in the House and Senate, a tough climb especially because Democrats control the Senate. Even if lawmakers somehow managed to advance the amendment, three-fourths of the states would still have to ratify it for the amendment to become part of the Constitution."