Thursday, March 29, 2012

Budgets


House rejects Bowles-Simpson, Obama budgets


The Bowles-Simpson deficit-reduction plan went down to a crushing defeat in the House late Wednesday night in a vote that damages the one bipartisan proposal that just a few months ago had seemed like a possible solution to the country’s debt woes.
The 382-38 defeat, with just 16 Republicans and 22 Democrats voting for it, marks a bad end to what began nearly two years ago, when President Obama tapped former White House Chief of Staff Erskine Bowles, a Democrat, and former Sen. Alan Simpson, a Republican, to lead a deficit-reduction committee.
Their report has popped up in every deficit discussion since then, but had never gotten a vote in either chamber until this week, when opponents prevailed.
“This doesn’t go big. This doesn’t tackle the problem. This doesn’t do the big things,” said Rep. Paul D. Ryan, Wisconsin Republican and chairman of the Budget Committee. “You can never get the debt under control if you don’t deal with our health care entitlement programs.”
The debate came as the House worked its way through its fiscal year 2013 budget plan, which Mr. Ryan wrote.
The Bowles-Simpson plan was offered as an alternative on the chamber floor.
Minutes earlier, the House also defeated Mr. Obama’s own budget, submitted last month, on a 414-0 vote arranged by Republicans to embarrass the president and officially shelve his plan.

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