Can The House And Senate Budgets Find Common Ground?

Hopefully, the Democrats won't cave in to GOP demands for more spending cuts, and our economy won't be devastated with even more Republican austerity.

thom-hartmannMinutes before 5am, early Saturday morning, members of the Senate did something they haven’t done in four years – they passed a budget. The $3.7 trillion dollar outline for 2014 passed with a 50 to 49 vote, and it includes $100 billion in stimulus spending and raises $975 billion in new revenues over the next decade. Now the challenge will be to reconcile the Democratic Senate budget with Paul Ryan’s austerity plan in the House.

The negotiations may be hostile, and it’s possible the plans are simply too far apart to present the opportunity for common ground. According to Senate Budget Committee chairwoman Patty Murray, “the first priority of the Senate Budget is creating jobs and economic growth for the middle out, not the top down.” But Republicans are set on balancing the budget, even if it requires imposing their extreme austerity measures on our nation which kill jobs and shrink the economy.

Senator Mitch McConnell denounced the Democratic plan, saying, “The only good news is that the fiscal path the Democrats laid out in their budget won’t become law.” With Democrats unlikely to concede to Paul Ryan’s plan, which would voucherize Medicare and repeal Obamacare, and Republicans unlikely to budge on tax increases, we shouldn’t expect much movement in the budget negotiations. Hopefully, the Democrats won’t cave in to GOP demands for more spending cuts, and our economy won’t be devastated with even more Republican austerity.

Thom Hartmann
Thom Hartmann is a progressive nationally and internationally syndicated talkshow host (also simulcast as TV in 40 million homes by Dish Network/Free Speech TV), and New York Times bestselling, four-time Project Censored winning author of 24 books in print in 17 languages on five continents. Follow Thom on Twitter @Thom_Hartmann

LISTEN: The Weekend Ahead – November 1-3

The Day Ahead Logo

A new UN-backed climate change report, elections in rebel-held Ukraine and FIFA discusses rescheduling the 2022 Qatar World Cup to avoid 117ºF summer heat.

Virgin Galactic Space Ship Crashes In Test Flight

An in-flight anomaly caused a loss of the vehicle over the Mojave Desert.

DoD Civilians Given Guidelines On Ebola

Civilians personnel can either self-monitor or volunteer to go into a 21-day quarantine.

Pew: Latinos Likely to Vote Democrat, Despite No Immigration Reform

Hispanics still trust the Democratic Party more than the GOP to handle other issues besides immigration reform, according to a Pew study.

LISTEN: The World in 2:00 – October 31, 2014

The World in 2:00 continents logo

Leadership change in Burkina Faso, Hungary’s prime minister scraps a proposed internet tax and a Russian film star “visits” the front lines of eastern Ukraine.

Interview: A New Frontier In Preventing Prescription Drug Deaths

TRNS interviews Daniel L. Cohen, Forum Chair of the US Abuse Deterrent Coalition