Posted on 01/12/2024 6:04:42 AM PST by MtnClimber
Johnson hasn't ruled out a short-term spending bill in place of his agreement with Schumer but House conservatives don't support that either.
While the U.S. Treasury Department reports a $1.8 trillion deficit for fiscal year 2023, House Speaker Mike Johnson's speakership might be in peril as conservative backlash to his spending deal with Senate Majority Leader Chuck Schumer grows louder.
According to the Treasury Department, the federal government has already run a $510 billion deficit in the first three months of fiscal year 2024.
Johnson hasn't ruled out moving forward with a short-term spending bill in place of his agreement with Schumer but House conservatives don't support that move either.
The tentative deal sets a top line for domestic and military spending through September 2024 at $1.6 trillion, which is within the perimeters of the Financial Responsibility Act of 2023 (FRA). The total breaks down to $886 billion defense spending and $773 billion for non-defense domestic spending. Defense spending has been rising year after year. In fiscal year 2023, the defense budget was about $853 billion.
The FRA is legislation that passed after former House Speaker Kevin McCarthy and President Biden struck a spending deal that raised the nation's debt ceiling.
The non-defense spending side also includes $69 billion in "adjustments," which conservatives have described as a side-deal. This package does not include the supplemental foreign aid package under consideration for Ukraine, Israel, and Palestinian refugees. Republicans are pushing for additional U.S. border security funding to be included in any foreign aid package that Congress passes.
Rep. Austin Scott, R-Ga., expressed doubt that significant spending cuts will happen in this current session of Congress.
(Excerpt) Read more at justthenews.com ...
I don’t see any willingness to avoid economic collapse.
At this point economic collapse is unavoidable
Bring on the economic collapse.
Let’s make a “fundamental transformation” back to what we are supposed to be.
No more money for the invaders. No money for the Ukraine.
No money for any EV projects.
“Johnson may be in peril...”
Athletic supporter, a cup, what are we worrying about here?!?!?
The massive debt bubble might be the trigger.
The more modern version of that would start, "Experts say"
Re: 9 - There has been some progress moving back to Regular Order, but not to the degree that gets back to “normal” budgeting.
Johnson may not be the Speaker for the job.
Enough already. Put away the knee pads, Mike!
Our country says NO!!!!!
the Dems have the Senate and the presidency...when that changes...then he has full reins...
in the meantime...moving hi out and moving someone else into the House...isn't going to change one damn thing.
Reality check...
I have this odd feeling that I am living in the time of the Six Emperors, wondering who the Praetorian Guard will choose next.
As he should be. He lied.
Another weasel. The Republicant wing of the Demoncrat party is full of them. All of Washington DC, except for maybe 5 people, does not represent the American people. It is going to get worse when Slicky Haley is sElected. Her commercial says we need to defeat China. That 35 trillion dollar debt will soon be 100 trillion as we go the way of the Roman Empire.
Avoid? I'm starting to think economic collapse is the PLAN.
“the Dems have the Senate and the presidency...when that changes...then he has full reins...
Reality check...”
*************
With all due respect, even when that changes all we’ll hear from the R’s is “we need bigger majorities to get things done so vote for more of us next cycle”. Its the same old excuse election after election. The funny thing is that this game works for them as GOP voters are a gullible lot who fall for rhetoric and don’t much care about accountability.
The reality is they don’t want to govern and they don’t want to lead. The House has the power of the purse but they won’t use it. They can’t even manage to cut funding for PBS for crying out loud.
1. Time spent talking about the budget is time not spent talking about the Swamp. The Swamp loves this.
2. The debt is $34 Trillion, and with a projected deficit of $1.8 T this year, fiscal year, it will be $36 T on election day.
3. Composite interest on the number, about 3% with short term rates at 5% dragging the composite upward. Yes, that is $1 T in interest, about half the deficit.
There is no fix for this. You think the math cares if you cut spending $80 B?
“the Dems have the Senate and the presidency...when that changes...then he has full reins...
To do the same thing as the Demoncrats. There is NO 2-party system. It is Washington against American.
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