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To: Old West Conservative

Don’t all budget bills originate in the House?

https://abcnews.go.com/politics/president-trump-releases-2021-budget-proposal-calls-cuts/story?id=68884449

President Donald Trump unveiled a $4.8 trillion budget Monday that seeks to balance the budget in 15 years, falling short of the the traditional Republican target of doing so over 10 years.


47 posted on 11/27/2023 12:13:47 PM PST by qaz123
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To: qaz123; Old West Conservative
Don’t all budget bills originate in the House?

To be more precise, Art. 1, Sec. 7: "All bills for raising revenue shall originate in the House of Representatives; but the Senate may propose or concur with amendments as on other Bills."

Spending authorizations and raising revenue are not exactly the same. Spending may exceed revenue which results in a budget deficit.

The last President to lower the federal debt in a fiscal year was Eisenhower, 1956. The debt then was $273B. The debt first topped $1T in 1982. We currently see $33.8T.

https://www.investopedia.com/us-national-debt-by-year-7499291

57 posted on 12/04/2023 3:31:36 PM PST by woodpusher
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