The Senate unanimously rejected President Obama’s budget yesterday, two months after the president’s budget was voted down unanimously in the House. It’s an embarrassing testimony to both Obama’s leadership and the Senate majority leadership’s willingness to take the long-term deficit problems seriously, particularly during an election year, and Democrats are furiously swinging into spin control mode.
The fallback excuse for Senate Democrats during the past few months has been that the debt ceiling deal already put spending caps into place, making a new budget unnecessary. They’re still standing by that claim:
Democrats say the exercise is unnecessary this year because Democrats and Republicans wrote spending caps for the year into law in the hard-fought summer deal that raised the nation’s debt ceiling.
Republicans counter that the debt deal does not replace a legal requirement that Congress adopt a budget resolution for the year.
House Speaker John Boehner is being blamed for setting the stage for a repeat of last summer’s debt ceiling crisis. In a speech, Boehner vowed that he wouldn’t go along with raising the amount of money the government can borrow to cover its debts unless Congress passed more spending cuts. An anguished chorus of Democrats predicting woe to the economy if another debt deadlock drama threatened the nation’s credit rating greeted this promise. The battle lines between the parties on the budget are still seemingly set in stone. Republicans, rightly in my view, don’t believe taxes that will harm an already sinking economy should be raised to allow the government to spend more money that it doesn’t have. Democrats prefer to play the class warfare card about taxing the rich but are still not prepared to contemplate the fundamental reform of entitlements that are drowning the nation in debt.
This means sooner or later there will be another Capitol Hill confrontation in which the two sides will seek to stand on their principles while demanding their opponents give up theirs for the sake of good government. If Treasury Secretary Timothy Geithner is to be believed, that next round won’t take place before the November election, because he said the government has the “tools” to keep the ship of state afloat until early next year. Let’s hope he’s right, because the answer to this stalemate won’t be found in the posturing of the parties or the somewhat disingenuous pious calls of President Obama for compromise. The only solution to this problem is to have an election.