...Are the spending numbers in the president’s budget blueprint the ones that Congress will eventually enact in FY2013?
Not necessarily, but Stan Collender, a former staffer for both the House and Senate Budget Committees, said, “Ninety-five percent of what any president proposes in his budget is noncontroversial,” so the spending numbers he spells out in his proposal will usually be close to what Congress eventually spends.
Of course, if Obama proposes to spend $3 billion in FY2013 on the National Park Service and the House committee chairman with jurisdiction over the Park Service wants to spend only $2.8 billion, in the end the chairman may get his way....
The Bush Bailout of 2008 exempted Wall Street from preventing a huge loss of GDP for the USA with skyrocketing unemployment rates. What resulted was federal spending to stop the plummet, which the Recovery Act did and did it dramatically, and begin to focus on places within the USA economy where growth has been neglected and could immediately help recover the country. What resulted was a national debt that was stagnating and growing due to the loss of tax base of the country.
It is time for those that have profited during these years to help pay the national debt and it is best done with tax increases.
And since when is the National Park Service not a part of the overall GDP of the country?
