Political Quotes

“my vote will be in favor of passage of this bill, and H.R. 2037, the budget enforcement provisions, have been made part of this bill that will help us make sure that we enforce the provisions of our intent to balance the budget and make these spending cuts. Congressional Budget & Impoundment Control Act of 1974 Permanently extends the requirement that budget resolutions cover a five-year period. Similarly, extends indefinitely the enforcement of the five-year spending and revenue levels set forth in budget resolutions through points of order. Simplifies and updates points of order that are used to enforce the budget resolution's spending and revenue levels. Provides for adjustments in the budget resolution levels for legislation appropriating funds for designated emergencies, arrearages and the International Monetary Fund. Eliminates the need to waive the Budget Act for a reported bill that violates the Act but is cured by a self-executing rule. In such cases, the point of order no longer lies against the bill. amendments to the balanced budget and emergency deficit control act of 1985 Adjusts and extends statutory discretionary spending limits, which are enforced through sequestration, through fiscal year 2002. Provides for adjustments in the discretionary spending limits for appropriations for emergencies, arrearages, and the International Monetary Fund.”