Your share of the national debt: $24,840.47

Budget.Democrats
Your share of the national debt: $24,840.47
Fri Jul 30, 2004 16:33
64.140.158.145

The national debt on July 30: $7,299,851,759,131.63
Your share of the national debt: $24,840.47
http://www.house.gov/budget_democrats/

August Recess Package
July 22, 2004 -- Click here to read the full report.
http://www.house.gov/budget_democrats/budget_facts/analyses/summer_recess.pdf

Bush Administration Does Not Adequately Address
Clean Water and Drinking Water Needs

July 22, 2004 -- The President’s 2004 budget claimed that the Administration would continue to meet the Clean Water State Revolving Fund (CWSRF) and the Drinking Water State Revolving Fund (DWSRF) goals established and achieved by the Clinton Administration.Despite this rhetoric, the President’s budget funds these SRFs at insufficient levels. The nation’s water systems need significant investments to install, upgrade, or replace infrastructure in order to ensure the provision of safe drinking water and better protect public health. Click here to read the full report

The Case of the Missing Mid-Session Review
July 15, 2004 -- Though in control of Congress and the White House, Republicans cannot get their act together on the budget. Republicans have failed to approve a budget resolution conference report, pass legislation to raise the debt ceiling, enact meaningful budget enforcement measures, or complete any of the appropriations bills for 2005. Now, the White House has announced that the Mid-Session Review, a statutorily required report to update Congress and the public on the status of the nation's fiscal health, is not being delivered on time. Click here for the new report, or here for the chart packet.

Independence Day Recess Package
June 25, 2004-- Click here to download the entire package.

The FY 2005 Defense Appropriations Bill Provides Insufficient Funds For Full Year’s Cost of Iraq/Afghanistan Operations
June 22, 2004-- The House version of the FY 2005 Defense Appropriations Bill, which goes to the floor on Tuesday, June 22, 2004, provides only $25 billion for operations in Iraq and Afghanistan. This amount is only about one third of what the Department of Defense (DoD) will need for the entire year and is intended to serve only as a reserve fund to carry DoD through the first few months of the fiscal year. DoD will have to submit an emergency supplemental appropriation request early in calendar year 2005 to fully fund its war requirements. Based on analysis performed by the House Budget Committee Democratic staff in May 2004, DoD will need $40 billion to $55 billion in addition to the $25 billion next year (for a total of $65 billion to $80 billion). Click here to read the full report.

Flawed Budget Process Legislation Expected on Floor
June 17, 2004-- As early as next week, the House may consider H.R. 3973, the Spending Control Act of 2004. This budget process bill reportedly is being brought to the floor at least in part to fulfill a pledge made by the Republican leadership to encourage reluctant conservative Republicans to vote in favor of this year’s budget resolution. Democrats support strong and effective budget enforcement rules, but the unfortunate reality is that this bill proposes rules that likely would worsen the deficit rather than improve it. Click here to read the entire document.

Looming Budget Cuts in 2006 Budget
June 1, 2004 -- A May 19 White House memorandum has now confirmed that the President's budget for 2006 will impose significant cuts in many important government services. (A House Budget Committee Democratic report described these cuts, which the White House disavowed at the time, in a February 19 analysis, "The Administration's Hidden Budget: Cuts in Programs for 2005 and Beyond"). These impending cuts should come as no great surprise. They are a direct result of the Administration's oversized tax cuts, the record high deficits the Bush policies have generated, and the Administration's stated desire to "shrink" the size of government. Click here to read the entire document


Vote NO on Republican Budget Resolution Conference Report
May 19, 2004 -- The conference report being considered by the House today is, unfortunately, simply not a credible budget resolution. With few exceptions, it provides meaningful budget policy for only a single year — thus masking the true impact of Republican policies. At the same time, the budget conference report raises the debt limit and deepens the deficit while providing no plan to bring the budget back to balance and no meaningful budget enforcement rules. Click here to read the full report.

Administration's $25 Billion Request for Iraq and Afghanistan Operations Will Cover Only a Fraction of the FY2005 Costs
May 11, 2004 -- The Administration’s $25 billion request for fiscal year 2005 to finance military operations in Iraq and Afghanistan will fall short of what is required by $40 billion to $55 billion, according to the attached report by the House Budget Committee Democratic staff. At first glance, the Administration’s request is a step forward, better than the President’s February budget, which contained no funds for these operations. But a closer look reveals that the requested amount will cover just a fraction of what is needed for fiscal year 2005. According to the report, the cost of the operations in Iraq and Afghanistan and of enhanced security here at home will be $65 billion to $80 billion for fiscal year 2005. The size of the request will require the Administration to submit another supplemental request before March of next year. Click here to read the full report.

Democratic Budget Beats Republican Budget On All Counts
March 23, 2004 -- Click Here for fact sheets that describe the 2005 Republican budget resolution and compare it with the Democratic leadership budget we plan to offer on the House floor this week. The fact sheets cover many topics including deficits, tax cuts, homeland security, and national priorities.

House Budget Chairman's Mark for 2005 Budget Resolution: Deficits and Deferred Answers
March 15, 2004 -- Republicans have postponed by at least one week House floor consideration of this year’s budget resolution. A Budget Committee markup scheduled for last Wednesday was delayed until Thursday - and completion of that markup was postponed until the following week. These delays have occurred because some Republicans insist that the House simultaneously pass budget enforcement legislation designed to control spending when it passes the budget resolution. Given the unpopularity of the President’s budget, it should come as no surprise that Republicans are having trouble passing their budget. The House Budget Committee Chairman’s mark shares the same flaws as the President’s original budget - record deficits, huge non-offset tax cuts, and deep cuts in critical government services. Click here to read our summary and analysis of the Chairman's Mark.

The Administration’s Hidden Budget: Cuts in Programs for 2005 and Beyond
February 19, 2004 -- In a sharp break with all previous budgets, the President’s 2005 published budget materials do not show discretionary funding totals, or program or account totals, beyond 2005. Only the Office of Management and Budget (OMB) computer tables show the budget’s proposed funding for 2006 through 2009. The President’s “hidden budget” cuts overall domestic non-homeland security funding for 2005 and 2006, and it also contains numerous cuts to services that the American people depend on. Click here to read the full report.

Summary and Analysis of the President's 2005 Budget: Unfair and Unbalanced
February 6, 2004 -- The President’s 2005 budget projects a deficit increase of almost 50 percent this year and then makes the lame promise that the deficit will be cut in half over five years. It’s hard to take this claim seriously, coming from an administration that has presided over a $648 billion increase in the deficit since 2001 and added $1.7 trillion to our national debt.

These huge deficits are not just a bookkeeping problem. They are a moral problem because our children and grandchildren will be forced to repay the record amounts of debt we are borrowing today. The Administration has dismissed these deficits as “manageable,” but chronic deficits threaten our economic strength by crowding out private investment, driving up interest rates, and slowing economic growth. Click here to read our long summary and analysis on the President's 2005 Budget.

(note: this document has been updated as of March 2, 2004)

Notes: The contents of this web site are produced and maintained by the Democratic staff of the House Budget Committee and do not necessarily reflect the individual views of the Committee's members. We are working to make this site compliant with the Section 508 ADA Guidelines.
FULL REPORT AND LINKS:
http://www.house.gov/budget_democrats/

Mailing Address:

House Budget Committee, Democratic Staff
B-71 Cannon House Office Building
Washington, DC 20515

Phone: (202) 226-7200

Fax: (202) 225-9905
Email: Budget.Democrats@mail.house.gov
http://www.house.gov/budget_democrats/contact.htm 


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