Looks like the house voted on the Bowles-Simpson deficit reduction plan, and went down in flames.
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.”
I am with Ryan on this. It was a gimmick, and an obvious one at that, anyway. Not enough cuts, and then decades from now, which means never, and more of the insane jacked up deficit spending for the foreseeable future. Color me unconcerned. There is array of hope though.
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.
Glad to see that go down in flames, and then unanimously. Then again, even if it had passed, Harry Reid, who has made sure the Senate would not produce any budget document that then could be used to show how insane the spending of the last 3 years under the democrats has been, by preventing a bill from being passed for just as long, would have just ignored it anyway. No big loss I guess. However, it seems there was an alternative.
The House also defeated an alternative offered by the Congressional Black Caucus that would have included $4 trillion in additional tax increases on top of those Mr. Obama proposed, and used that money to boost spending on domestic programs. That plan was killed 314-107.
And it went down in flames too. More people, I bet mostly democrats, voted for it than the Obama disaster of a bill, and then, I bet, because it was more spending and more taxes. We are so screwed.