DAILY FISCAL POLICY REPORT -- Mar. 4, 2008
by Dana Chasin, 3/4/2008
Budget Resolution:
- Modest Proposals -- Speaker Nancy Pelosi's office described the goals for the House budget resolution as follows: "We want to talk about responsible fiscal spending that is going to provide health care, education and job training... Our budget is going to balance by 2012, it is going to adhere to PAYGO and restore fiscal responsibility"... Democrats are expected to add $25-35 billion to Bush's topline for domestic programs.
- Immodest Supplementals -- Per a GAO report released yesterday, "over the 10-year period from [FY97 to FY06], supplemental appropriations provided about $612 billion ($557 billion net of rescissions) in new gross budget authority, a five-fold increase over the previous 10-year period." See Report.
