For the first time since the current budget rules were established in 1974, Democratic Leadership in the House has announced that they won't do a budget this year. It was an interesting announcement made by Majority Leader Hoyer, especially considering Mr. Hoyer's remarks back in 2006, when he then stated as the House Minority Leader:
“The most basic responsibility of governing” is “enacting a budget.”
Apparently House Democrats aren't even able to deliver on the most basic of responsibilities.
The Democrats reckless spending spree has clearly put the budget process on lock down. Under their leadership, we've witnessed $935 billion in deficit spending through the first eight months of this fiscal year alone. That's not a good trend considering that last year, House Democrats added $1.9 trillion to the national debt.
The kicker in this story though is Majority Leader Hoyer's defense of his party's economic policies, such as the failed economic "stimulus" and numerous bailouts:
“Let me make it very clear. In the short term we can not stimulate and depress at the same time. That is counterintuitive and I think will not work. No matter what you do, you can’t cut yourself into a balanced budget.”
Now, let me be very clear. The best way to stimulate the economy and create jobs is to cut wasteful spending, reduce the tax burden on small businesses and families, and keep money in the private sector. That's a tried and true recipe for economic success. Unfortunately, current House leadership just doesn't get the message. By not doing a budget, Democratic leadership will continue their wild spending spree at the expense of future generations of Americans.