September 23, 2014

U.S. Budget Week: Hill Awaits House Budget Chief Ryan's Fiscal 2015 Plan

March 21, 2014
Market News International (MNI)

Excerpt

"I think there is some debate in the House Republican leadership on whether they need to produce a budget this year," says Robert Bixby, executive director of the Concord Coalition. He added "but writing a budget shouldn't be seen as a voluntary thing. It's the law. I hope Paul Ryan writes a budget. It seems like he wants to. I wish the Senate Democrats decided to write a budget. It's important to have a debate on fiscal policy." Bixby argues the ambivalence that some House Republicans feel about writing a budget appears largely due to pledges they've made in the past several years: that they would write a budget that reaches balance in a decade - and do so without raising taxes. He said, "House Republicans have painted themselves into a corner and are trying to reconcile numbers that are not reconcilable - during an election year. You can understand their reluctance."