StanCollender'sCapitalGainsandGames Washington, Wall Street and Everything in Between



budget politics

Posted by Stan Collender

My column from today's Roll Call talks about how all the rumors about what's being decided in the various budget discussions going on in and around Washington are likely wrong.

 

Posted by Stan Collender

In spite of yesterday's debate in the House when 59 GOP representatives voted against the deal he cut with the Obama administration and Senate on the continuing resolution for the rest of fiscal 2011, House Speaker John Boehner (R-OH) will likely still be able to count on the support of a substantial majority of the Republican caucus on most issues.

But with the tea party wing abandoning him in droves, Boehner cannot count on that same type of influence on anything having to do with the federal budget. Unfortunately for Boehner, the biggest issues and votes the rest of this year will all be budget-related.

Posted by Stan Collender

As the very quick negative response yesterday from the House GOP showed, the White House was never going to get even a reluctant, grudging admission from the Republicans that the Obama administration did something even marginally positive on the budget when it announced it's new deficit reduction plan.

Posted by Stan Collender

I suspect that many of us here at CG&G will have something to say about it soon, but I'm going to let the dust settle a bit before reacting in detail to the budget plan announced today by House Budget Committee Chairman Paul Ryan (R-WI).

Except for this:

The vote on the House floor on the Ryan plan potentially will be as damaging for the GOP as the vote on health care reform was for Democrats.  If that becomes common wisdom, the plan, which is likely to be adopted by the House Budget Committee tomorrow on a straight-line party vote, could very well be defeated when it is considered by the full House. 

That would be as close to political devastation for Ryan and House Speaker John Boehner (R-OH) as you can get.

Posted by Stan Collender

My column from this morning's Roll Call explains why and how what House Republicans are doing to themselves on the budget in 2011 is what they did on a smaller scale in the late 1970s. It didn't work out well back then either.

GOP Has Put Itself Into a Corner on the Budget

By Stan Collender
Roll Call Contributing Writer
March 29, 2011, Midnight



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