Representative John Spratt (D-SC) reveals to the House Budget Committee that they don’t have a plan in place for deficit management.
Spratt reminisces about the initiatives put into place to turn the deficit into a surplus in the "years past." He talks about the caps on discretionary spending and how the Pay As You Go rule kept tax cuts from worsening the deficit. Without renewing these actions or implementing new ones, Spratt says more spending is eminent.
August 15, 2005
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Related
- Senator Kent Conrad, (D-ND) the Senate Budget Committee Chairman and Rep. John Spratt, (D-SC) the House Budget Committee Chairman discuss the deficiencies of President Bush’s Fiscal Year 2009 budget
- Representative John Spratt (D-SC) highlights for the House Budget Committee the shortcomings of the administration in two areas: Social Security and renewal of tax cuts.
- Representative John Spratt (D-SC) talks at the House Budget Committee hearing about the effect a shrinking deficit will have on fiscal spending.
- Robert Greenstein explains discretionary caps
- It’s out! Democrats present budget
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